Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

July 25, 2018

Brevard County Market Snap Shot-June 2018

MLS Statistics - June 2018

A quick recap of the Brevard County Residential Report for June 2018:
  • Closed Sales are down -7.3% for June 2018 in which the number of units closed was 958 compared to 1,033 in June 2017, with a decrease in cash sales of -12.7% compared to June 2017.
  • New Pending Sales are up 2.4% and New Listings are down -1.4%.
  • The Median Sales Price for Brevard Single Family homes is up 4.5% to $229,950 compared to a year ago, which was $220,000.
  • Months Supply of Inventory is up 14.8% to 3.1 months, an increase from 2.7 months in June 2017.
  • Traditional Sales are down -6.5%, with a median sales price of $232,000.
  • Foreclosure/REO Sales are down -14.7%, with a median sales price of $154,000.
  • Short Sale Closings are down -60%, with a median sales price of $126,125. 
A quick recap of the Brevard County Townhouses/Condos for June 2018:
  • Closed Sales are down -12.9% for June 2018 in which the number of units closed was 223 compared to 256 in June 2017, with a decrease in cash sales of -17.4% compared to June 2017.
  • New Pending Sales are down -5.3 % and New Listings are up 2%.
  • Median Sales Price for Townhomes/Condos is up 13.5% to $175,000 compared to a year ago, which was $154,250.
  • Months Supply of Inventory saw no change. It was 3.4 months in June 2017 and 3.4 months in June 2018.
  • Traditional Sales are down -13.1%, with a median sales price of $175,000.
  • Foreclosure/REO Sales are down -50% with a median sales price of $142,550. 
  • Short Sale Closing statistics are not available as there were no short sales in June 2017. There were two short sales in June 2018 with a median sales price of $127,500.

To see these and previous reports on Brevard MLS Statistics, please click here »

Posted in Market Updates
July 31, 2017

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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Posted in Market Updates