A quick recap of the Brevard County,FL Residential Report for July 2020:
- Closed Sales are down +22.2% for July 2020 in which the number of units closed was 1,204 compared to 985 in July 2019, with a increase in cash sales of +7.4% compared to July 2019.
- New Pending Sales are up +14.2% and New Listings are up +5.5%.
- The Median Sales Price for Brevard Single Family homes is up +9.2% to $266,333 compared to a year ago, which was $244,000.
- Months Supply of Inventory is down -31.0% to 2.0 months, a decrease from 2.9 months in July 2019.
- Traditional Sales are up +21.8%, with a median sales price of $269,000.
- Foreclosure/REO Sales are up +40.0%, with 21 sales and a median sales price of $151,000.
- Short Sale Closings are up +100.0% with 4 closed sale, and a median sales price of $132,500.
A quick recap of the Brevard County Townhouses/Condos for July 2020:
- Closed Sales are up +13.2% for July 2020 in which the number of units closed was 325 compared to 287 in July 2019, with a increase in cash sales of +21.3% compared to July 2019.
- New Pending Sales are up +4.0% and New Listings are up +5.0%.
- Median Sales Price for Townhomes/Condos is up +17.5% to $215,000 compared to a year ago, which was $183,000.
- Months Supply of Inventory is down -21.6% to 2.9 months in July 2020 from 3.7 months in July 2019.
- Traditional Sales are up +14.5%, with a median sales price of $215,000.
- Foreclosure/REO Sales are down -75.0%, with 1 closed sales and a median sales price of $49,350.
- Short Sale Closings are unchanged with 0 closed sales in July 2020 compared to 0 closed sales in July 2019.
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