Q1 2017 MLS Statistics
Below you will find a recap of the housing statistics for Q1 2017 in Brevard courtesy of Florida Realtors®' Industry Data and Analysis Team.
Feel Free to contact the Space Coast Association of REALTORS® with any real estate questions you might have. We have years of experience and are here to assist you.
Christine EdwardsCommunications Director
Space Coast Association of REALTORS®
MLS Statistics - Q1 2017
A quick recap of the Brevard County Residential Report for Q1 2017 compared to Q1 2016:
- Closed Sales are down -0.7% for Q1 2017 in which the number of units closed was 2,158 compared to 2,174 in Q1 2016, with a decrease in cash sales of -15.2% compared to Q1 2016.
- New Pending Sales are down -2.7% and New Listings are up 4.6%.
- The Median Sales Price for Brevard Single Family homes is up 16.1% to $196,250 compared to a year ago, which was $169,000.
- Months Supply of Inventory is down -7.4% at 2.5 months compared to 2.7 months in Q1 2016.
- Traditional Sales are up 7.6%, with a median sales price of $200,000.
- Foreclosure/REO Sales are down -53.6%, with a median sales price of $140,000.
- Short Sale Closings are down -45.9%, with a median sales price of $235,000.
A quick recap of the Brevard County Townhouses/Condos for Q1 2017 compared to Q1 2016:
- Closed sales are up 7% for Q1 2017 in which the number of units closed was 625 compared to 584 in Q1 of 2016.
- New Pending Sales are up 5.2% and New Listings are down -1.9%.
- The Median Sales Price for Townhomes/Condos is up 4.3% to $145,000 compared to a year ago, which was $139,000.
- Months Supply of Inventory is down -10% to 3.6 months compared to 4 months in Q1 2016.
- Traditional Sales are up 14.1%, with a median sales price of $146,500.
- Foreclosure/REO Sales are down -52%, with a median sales price of $119,487.
- Short Sale Closings are down -87.5%, with a median sales prices of $87,000.