A quick recap of the Brevard County Residential Report for Q3 2020:
  • Closed Sales are up +18.2% for Q3 2020 in which the number of units closed was 3,196 compared to 2,703 in Q3 2019, with an increase in cash sales of +7.6% compared to Q3 2019.
  • New Pending Sales are up +23.0% and New Listings are up +3.3%.
  • The Median Sales Price for Brevard Single Family homes is up +10.4% to $264,908 compared to a year ago, which was $239,900.
  • Months Supply of Inventory is down -42.9% to 1.6 months, a decrease from 2.8 months in Q3 2019.
  • Traditional Sales are up +18.8%, with a median sales price of $265,000.
  • Foreclosure/REO Sales are down -13.0%, with 40 sales and a median sales price of $168,000.
  • Short Sale Closings are up +14.3% with 8 closed sales, and a median sales price of $172,250.
A quick recap of the Brevard County Townhouses/Condos for Q3 2020:
  • Closed Sales are up +12.7% for Q3 2020 in which the number of units closed was 867 compared to 769 in Q3 2019, with an increase in cash sales of +17.8% compared to Q3 2019.
  • New Pending Sales are up +16.1% and New Listings are up +10.5%.
  • Median Sales Price for Townhomes/Condos is up +12.3% to $210,000 compared to a year ago, which was $187,000.
  • Months Supply of Inventory is down -26.5% to 2.5 months in Q3 2020 from 3.4 months in Q3 2019.
  • Traditional Sales are up +13.5%, with a median sales price of $210,000.
  • Foreclosure/REO Sales are down -85.7%, with 1 closed sales compared to 7 closed sale in Q3 2019.
  • Short Sale Closings are up +100.0% with 2 closed sale in Q3 2020 compared to 1 closed sales in Q3 2019.