Florida Market Insights

Courtesy of Florida Realtors® Industry Data and Analysis Team

All information is quoted from the Space Coast Association of REALTORS®

MLS Statistics – March 2020

A quick recap of the Brevard County Residential Report for February 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, with a decrease in cash sales of -2.1%compared to March 2019.
  • New Pending Sales are down -18.8% and 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, with a decrease in cash sales of -2.2%compared to March 2019.
  • New Pending Sales are down -26.3% and 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.