Brevard County Housing MLS Statistics for March 2020

Dated: April 20 2020

Views: 97

This is a quick recap of the Brevard County Residential Report for March 2020

  • Closed Sales are up +9.3% for March 2020 in which the number of units closed was 985 compared to 901 in March 2019.
  • Decrease in cash sales of -2.1% compared to March 2019.
  • New Pending Sales are down -18.8%.
  • New Listings are up +8.5%.
  • The Median Sales Price for Brevard Single Family homes is up +14.0% to $259,571 compared to a year ago, which was $227,700.
  • Months Supply of Inventory is down -20.6% to 2.7 months, a decrease from 3.4 months in March 2019.
  • Traditional Sales are up +10.4%, with a median sales price of $260,000.
  • Foreclosure/REO Sales are down -30.4%, with 16 sales and a median sales price of $149,750.
  • Short Sale Closings are unchanged 0% with 2 closed sale in March 2020 compared to 2 closed sales in March 2019.

A quick recap of the Brevard County Townhouses/Condos for March 2020:

  • Closed Sales are up +2.9% for March 2020 in which the number of units closed was 282 compared to 274 in March 2019.
  • Decrease in cash sales of -2.2% compared to March 2019.
  • New Pending Sales are down -26.3%
  • New Listings are down -4.8%.
  • Median Sales Price for Townhomes/Condos is up +10.8% to $205,000 compared to a year ago, which was $185,000.
  • Months Supply of Inventory is down -14.6% to 3.5 months in March  2020 from 4.1 months in March 2019.
  • Traditional Sales are up +4.1%, with a median sales price of $205,000.
  • Foreclosure/REO Sales are down -66.7%, with 1 sale and a median sales price of $160,000.
  • Short Sale Closings are unchanged 0.0% with 0 closed sales in March 2020 compared to 1 closed sale in March 2020.

Blog author image

Joseph Jordan

Joseph Jordan is based in Titusville, Florida and has over 20 years of real estate investment experience. In 2018 he was the #1 producer at Florida Homes Realty & Mortgage in the Space Coast MLS. In....

Latest Blog Posts

New Listing Video: 45 E Towne Place, Titusville, Florida 32796

NEW LISTING IN CIRCLE PARK, TITUSVILLE, FLORIDA! 2 bedrooms 2 bathroom 1 car garage https://www.FloridaHom.es/mls

Read More

Top Reasons to Own Your Home [INFOGRAPHIC]

Top Reasons to Own Your Home [INFOGRAPHIC]Some HighlightsJune is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home.If you’re in a

Read More

Joseph Jordan Earns NAR Short Sales and Foreclosure Resource® Certification

FOR IMMEDIATE RELEASE:Contact:Joseph JordanFlorida Homes Realty & Mortgage(407) 921-2856media@FloridaHomesBrevard.comwww.FloridaHomesBrevard.com  Joseph Jordan Earns NAR Short Sales

Read More

Crew Demo-2 Making History: NASA and SpaceX Launch Astronauts to Space!

Watch history unfold on Wednesday, May 27, as NASA and SpaceX launch astronauts Robert Behnken and Douglas Hurley to the International Space Station. This mission marks the first time since the

Read More