Closed Sales in Brevard County are up 10 percent for April 2019. Across Florida, the housing market reported more sales, higher median prices, and increased inventory.

A quick recap of the Brevard County Residential Report for April 2019:

  • Closed Sales are up 10% for April 2019 in which the number of units closed was 998 compared to 907 in 2018, with an increase in cash sales of 14.3% compared to April 2018.
  • New Pending Sales are up 10.7% and New Listings are down -5.9%.
  • The Median Sales Price for Brevard Single Family homes is up 4.6% to $238,000 compared to a year ago, which was $227,500.
  • Months Supply of Inventory is up 6.9% to 3.1 months, an increase from 2.9 months in April 2018.
  • Traditional Sales are up 8.2%, with a median sales price of $240,000.
  • Foreclosure/REO Sales are up 121.4% with 31 sales and a median sales price of $179,900.
  • Short Sale Closings are down -50%, with 3 sales and a median sales price of $150,000.

 

A quick recap of the Brevard County Townhouses/Condos for April 2019:

  • Closed Sales are up 0.4% for April 2019 in which the number of units closed was 256 compared to 255 in 2018, with a decrease in cash sales of -12.1% compared to April 2018.
  • New Pending Sales are down -9.1% and New Listings are down -10.4%.
  • Median Sales Price for Townhomes/Condos is down -8.7% to $173,500 compared to a year ago, which was $190,000.
  • Months Supply of Inventory is up 11.4% to 3.9 months in April 2019 from 3.5 months in April 2018.
  • Traditional Sales are up 1.2%, with a median sales price of $175,000.
  • Foreclosure/REO Sales are down -50% with 2 sales and a median sales price of $91,013. 
  • Short Sale Closings did not occur. There were no short sales in April 2018 or April 2019.