March 2017 MLS Statistics Courtesy of Florida Realtors®' Industry Data and Analysis Team
Below please find a recap of the housing statistics for March 2017 in Brevard.
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Christine EdwardsCommunications Director
Space Coast Association of REALTORS®
MLS Statistics - March 2017
A quick recap of the Brevard County Residential Report for March 2017 compared to March 2016:
- Closed Sales are up 0.3% for March 2017 in which the number of units closed was 909 compared to 906 in March 2016, with a decrease in cash sales of -12.2% compared to March 2016.
- New Pending Sales are down -3.6% and New Listings are up 9.6%.
- The Median Sales Price for Brevard Single Family homes is up 10.9% to $194,000 compared to a year ago, which was $175,000.
- Months Supply of Inventory is down -7.4% at 2.5 months compared to 2.7 months in March 2016.
- Traditional Sales are up 7.5%, with a median sales price of $195,000.
- Foreclosure/REO Sales are down -51.5%, with a median sales price of $163,000.
- Short Sale Closings are down -50%, with a median sales price of $250,000.
A quick recap of the Brevard County Townhouses/Condos for March 2017 compared to March 2016:
- Closed sales are down -0.4% for March 2017 in which the number of units closed was 254 compared to 255 in March of 2016.
- New Pending Sales are up 12.2% and New Listings are down -4.2%.
- The Median Sales Price for Townhomes/Condos is up 8.7% to $150,000 compared to a year ago, which was $138,000.
- Months Supply of Inventory is down -10% to 3.6 months compared to 4 months in March 2016.
- Traditional Sales are up 7%, with a median sales price of $150,000.
- Foreclosure/REO Sales are down -55%, with a median sales price of $137,000.
- Short Sale Closings are down -100%, as there were no sales in March of 2017.