A quick recap of the Brevard County Residential Report for May 2020:
  • Closed Sales are down -34.7% for May 2020 in which the number of units closed was 716 compared to 1,096 in May 2019, with a decrease in cash sales of -46.3% compared to May 2019.
  • New Pending Sales are up +17.8% and New Listings are up +1.6%.
  • The Median Sales Price for Brevard Single Family homes is up +4.5% to $250,000 compared to a year ago, which was $239,208.
  • Months Supply of Inventory is down -10% to 2.7 months, a decrease from 3.0 months in May 2019.
  • Traditional Sales are down -34.3%, with a median sales price of $251,500.
  • Foreclosure/REO Sales are down -40.7%, with 16 sales and a median sales price of $170,500.
  • Short Sale Closings are down -100% with no closed sales in May 2020 compared to 4 closed sales in May 2019.
A quick recap of the Brevard County Townhouses/Condos for May 2020:
  • Closed Sales are down -43.8% for May 2020 in which the number of units closed was 167 compared to 297 in May 2019, with a decrease in cash sales of -46.0% compared to May 2019.
  • New Pending Sales are down -1.1% and New Listings are down -8.8%.
  • Median Sales Price for Townhomes/Condos is down -10.2% to $168,000 compared to a year ago, which was $187,000.
  • Months Supply of Inventory is down -12.5% to 3.5 months in May 2020 from 4.0 months in May 2019.
  • Traditional Sales are down -43.8%, with a median sales price of $178,500.
  • Foreclosure/REO Sales are down -40.0%, with 3 sales and a median sales price of $105,000.
  • Short Sale Closings are unchanged at 0.0% with 0 closed sales in May 2020 compared to 0 closed sales in May 2019.