October 2014 MLS Statistics

Mtat – October 201

You will find monthly, quarterly and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website at www.Space321.com. Use the link at the bottom of this report to access them.  As well, there are also Yearly Distressed Market Summaries for both types of properties.

A quick recap of the Brevard County Residential Report for October 2014 compared to October 2013:
 
  • Closed Sales are up 17.1% for October 2014 in which the number of units closed were 851 compared to 727 in October 2013, with an increase in cash sales by 16.8% compared to October 2013.
  • New Pending Sales are down -29.2% and New Listings are up 3.4%.
  • Median Sales Price for Brevard County Single Family Homes are up 19.2% to $143,000 compared to a year ago, which was $120,000.
  • Median Days on the Markeare down -10.3%, which is 35 days compared to 39 in October 2013.
  • Months Supply of Inventory is down -33.3% to 3.0 months compared to 4.5 months in October 2013.
  • Traditional Sales are up 35.1%, with a median sales price of $161,700.
  • Foreclosure/REO Sales are down -2.9%, with a median sales price of $86,050.
  • Short Sale Closings are down -44.8%, with a median sale price of $145,000.

 

A quick recap of the Brevard County Townhouses/Condos Report for October 2014  compared to October 2013:

  • Closed Sales are up 3.4% for October 2014, with a increase in cash sales of 1.4% compared to October 2013.
  • New Pending Sales are down -26.2% and New Listings are up 5.0%.
  • The Median Sales Price for Townhouses/Condos are up 27.5% to $130,000.
  • Median Days on the Market are up 53.8.0%, which is 60 days compared to October 2013, which was 39 days.
  • Months Supply of Inventory is down -34.5%, which is 3.8 months compared to October 2013, which was 5.7 months.
  • Traditional Sales are up 19.4%, with a median sales price of $145,000.
  • Foreclosure/REO Sales are down -32.1%, with a median sales price of $47,250.
  • Short Sale Closings are down -22.2%, with a median sale price of $165,000.

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