With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s
Brevard County Housing Statistics 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 »
Latest Blog Posts
As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available
First-Time Home Buyers Continue to Put Down Less Than 6%!According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with