The price of any item is determined by the supply of that item, as well as market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate
Brevard Housing Report August 2017
Closed Sales are up 9.3% for August 2017 in which the number of units closed was 961 compared to 879 in August 2016, with an increase in cash sales of 0.4% compared to August 2016.
New Pending Sales are up 2.3% and New Listings are up 6.4%.
The Median Sales Price for Brevard Single Family homes is up 14.1% to $222,500 compared to a year ago, which was $195,000.
Months Supply of Inventory is up 8% to 2.7 months, up from 2.5 months in 2016.
Traditional Sales are up 12.1%, with a median sales price of $225,000
Foreclosure/REO Sales are down -26%, with a median sales price of $127,300.
Short Sale Closings are down -33.3%, with a median sales price of $225,000.
Closed Sales are down -7.0% for August 2017 in which the number of units closed was 240 compared to 258 in August 2016, with a decrease in cash sales of 23.3% compared to August 2016.
New Pending Sales are down -0.4% and New Listings are up 24.2%.
Median Sales Price for Townhomes/Condos is down -0.6% to $153,125 compared to a year ago, which was $154,000.
Months Supply of Inventory did not change. It was 3.4 months in August 2016 and August 2017.
Traditional Sales are down -5%, with a median sales price of $153,125.
Foreclosure/REO Sales decreased -42.9 with a median sales price of $145,000.
Short Sale Closings increased 204.4%, with a median sales price of $342,250 in August 2017.
To see these and previous reports on Brevard MLS Statistics, please click here »
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