A quick recap of the Brevard County Residential Report for February 2017 compared to February 2016:

Residential Report for February 2017 compared to February 2016

Closed Sales are down -5.1% for February 2017 in which the number of units closed was 649 compared to 684 in February 2016, with a decrease in cash sales of -16% compared to February 2016.

New Pending Sales are down -9.3% and New Listings are down -10.5%.

The Median Sales Price for Brevard Single Family homes is up 24.2% to $205,000 compared to a year ago, which was $165,000.

Months Supply of Inventory is down -16.7% at 2.5 months compared to 3 months in February 2016.

Traditonal Sales are up 3.7%, with a median sales price of $210,000.

Foreclosure/REO Sales are down -65.2%, with a median sales price of $154,900.

Recap of the Brevard County Townhouses/Condos for February 2017 compared to February 2016

Closed Sales are up 2.8% for February 2017 in which the number of units closed was 185 compared to 180 in February 2016, with a decrease in cash sales of -2.7% compared to February 2016.

New Pending Sales are down -10.6% and New Listings are up 4.4%.

Median Sales Price for Townhomes/Condos is down -2.3% to $139,900 compared to a year ago, which was $143,232.

Months Supply of Inventory is down -4.9% to 3.9 months compared to 4.1 months in February 2016.

Traditional Sales are up 9.3%, with a median sales price of $143,000.

Foreclosure/REO Sales are down -55.6%, with a median sales price of $117,237.

Data Courtesy of : Space Coast Association of REALTORS®, 105 McLeod Street, Merritt Island, FL 32953. Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.Data released on Wednesday, March 22, 2017. Produced by Florida REALTORS® with data provided by Florida's multiple listing services.

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