A quick recap of the Brevard County Residential Report for February 2019:
  • Closed Sales are down -4% for February 2019 in which the number of units closed was 666 compared to 694 in 2018, with a decrease in cash sales of -7.3% compared to February 2018.
  • New Pending Sales are up 2.1% and New Listings are up 2.3%.
  • The Median Sales Price for Brevard Single Family homes saw no change and was $230,000 in 2018 and 2019.
  • Months Supply of Inventory is up 33.3% to 3.6 months, an increase from 2.7 months in February 2018.
  • Traditional Sales are down -4.8%, with a median sales price of $231,000.
  • Foreclosure/REO Sales are up 26.3% with 24 sales and a median sales price of $204,250.
  • Short Sale Closings are down -25%, with 3 sales and a median sales price of $335,000.
A quick recap of the Brevard County Townhouses/Condos for February 2019:
  • Closed Sales are down -5.8% for February 2019 in which the number of units closed was 212 compared to 225 in 2018, with a decrease in cash sales of -21.7% compared to February 2018.
  • New Pending Sales are down -13.3% and New Listings are down -9.6%.
  • Median Sales Price for Townhomes/Condos is up 10.9% to $173,500 compared to a year ago, which was $156,500.
  • Months Supply of Inventory is up 13.5% to 4.2 months in February 2019 from 3.7 months in February 2018.
  • Traditional Sales are down -4.6%, with a median sales price of $173,000.
  • Foreclosure/REO Sales are down -25% with 3 sales and a median sales price of $240,000. 
  • Short Sale Closings are down -100% with no sales in February 2019.