Brevard County Real Estate Recap Q2, 2020

by Anthony Scaramouche

A quick recap of the Brevard County Single Family Homes for Q2 2020:

Closed Sales are down -16.1% for Q2 2020 in which the number of units closed was 2,533 compared to 3,018 in Q2 2019, with a decrease in cash sales of -35.0% compared to Q2 2019.
New Pending Sales are up +2.5% and New Listings are down -6.0%.
The Median Sales Price for Brevard Single Family homes is up +5.7% to $255,000 compared to a year ago, which was $241,250.
Months Supply of Inventory is down -27.6% to 2.1 months, a decrease from 2.9 months in Q2 2019.
Traditional Sales are down -15.4%, with a median sales price of $256,690.
Foreclosure/REO Sales are down -41.8%, with 39 sales and a median sales price of $159,950.
Short Sale Closings are down -37.5% with 5 closed sale, and a median sales price of $158,000.

A quick recap of the Brevard County Townhouses/Condos for Q2 2020:

Closed Sales are down -26.3% for Q2 2020 in which the number of units closed was 584 compared to 792 in Q2 2019, with a decrease in cash sales of -27.2% compared to Q2 2019.
New Pending Sales are down -10.6% and New Listings are down -21.7%.
Median Sales Price for Townhomes/Condos is up +7.3% to $203,000 compared to a year ago, which was $189,125.
Months Supply of Inventory is down -20.5% to 3.1 months in Q2 2020 from 3.9 months in Q2 2019.
Traditional Sales are down -26.0%, with a median sales price of $205,000.
Foreclosure/REO Sales are down -40.0%, with 6 closed sales and a median sales price of $105,000.
Short Sale Closings are down -100.0% with 0 closed sales in Q2 2020 compared to 1 closed sale in Q2 2020.