A quick recap of the Brevard County Residential Report for Q1 2019:
  • Closed Sales are down -4.7% for Q1 2019 in which the number of units closed was 2,088 compared to 2,192 in 2018, with a decrease in cash sales of -7.2% compared to Q1 2018.
  • New Pending Sales are up 2.2% and New Listings are down -1.9%.
  • The Median Sales Price for Brevard Single Family homes is up 1.5% to $229,750 compared to a year ago, which was $226,323.
  • Months Supply of Inventory is up 21.4% to 3.4 months, an increase from 2.8 months in Q1 2018.
  • Traditional Sales are down -5%, with a median sales price of $230,000.
  • Foreclosure/REO Sales are up 16.7% with 63 sales and a median sales price of $165,000.
  • Short Sale Closings are down -50%, with 6 sales and a median sales price of $199,100.
A quick recap of the Brevard County Townhouses/Condos for Q1 2019:
  • Closed Sales are down -10.7% for Q1 2019 in which the number of units closed was 633 compared to 709 in 2018, with a decrease in cash sales of -17.4% compared to Q1 2018.
  • New Pending Sales are down -11.5% and New Listings are down -6.8%.
  • Median Sales Price for Townhomes/Condos is up 10.8% to $175,000 compared to a year ago, which was $158,000.
  • Months Supply of Inventory is up 17.1% to 4.1 months in Q1 2019 from 3.5 months in Q1 2018.
  • Traditional Sales are down -10.2%, with a median sales price of $176,500.
  • Foreclosure/REO Sales are down -20% with 8 sales and a median sales price of $136,000. 
  • Short Sale Closings are down -75% with one sale and a median sales price of $120,000.