A quick recap of the Brevard County Residential Report for January 2020:
  • Closed Sales are up +15.0% for January 2020 in which the number of units closed was 599 compared to 521 in January 2019, with an increase in cash sales of +9.3% compared to January 2019.
  • New Pending Sales are up +12.0% and New Listings are down -1.3%.
  • The Median Sales Price for Brevard Single Family homes is up +5.5% to $240,982 compared to a year ago, which was $228,463.
  • Months Supply of Inventory is down -27.8% to 2.6 months, a decrease from 3.6 months in January 2019.
  • Traditional Sales are up +14.9%, with a median sales price of $244,900.
  • Foreclosure/REO Sales are up +18.8%, with 19 sales and a median sales price of $118,000.
  • Short Sale Closings are unchanged 0% with 1 closed sale in January 2020 compared to 1 sale in January 2019.
A quick recap of the Brevard County Townhouses/Condos for January 2020:
  • Closed Sales are up +19.0% for January 2020 in which the number of units closed was 175 compared to 147 in January 2019, with an increase in cash sales of +7.3% compared to January 2019.
  • New Pending Sales are up +17.9% and New Listings are down -6.7%.
  • Median Sales Price for Townhomes/Condos is up +0.4% to $170,000 compared to a year ago, which was $169,400.
  • Months Supply of Inventory is down -19.0% to 3.4 months in January 2020 from 4.2 months in January 2019.
  • Traditional Sales are up +20.7%, with a median sales price of $170,000.
  • Foreclosure/REO Sales are down -100%, with 0 sales and a median sales price of $N/A.
  • Short Sale Closings are unchanged 0.0% with 0 closed sales in January 2020 compared to 0 closed sales in January 2020.