FL ARCHIVED June 2017 - Page 137

Brevard County Community Information | School District Trending versus*: Trending versus*: Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year Median List Price of all Current Listings $299,900 0% 20% Average List Price of all Current Listings $412,373 2% 22% June Median Sales Price $209,350 2% 5% 11% 16% $196,125 13% 9% June Average Sales Price $249,491 2% 3% 12% 13% $240,158 12% 8% Total Properties Currently for Sale (Inventory) 2,793 1% -12% June Number of Properties Sold 1,248 2% -3% 6,210 -1% June Average Days on Market (Solds) 43 -10% -10% -17% -20% 51 -11% -6% Asking Price per Square Foot (based on New Listings) $148 -1% 1% 11% 9% $147 10% 8% June Sold Price per Square Foot $135 2% 2% 12% 13% $131 13% 9% June Month's Supply of Inventory 2.2 -1% -8% -10% -27% 2.9 -11% -6% June Sale Price vs List Price Ratio 95.8% .2% .4% 1.1% 1.1% 95.2% 1% 1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales June Property sales were 1,248, down 2.7% from 1,283 in June of 2016 and 2.3% higher than the 1,220 sales last month. June 2017 sales were at a mid level compared to June of 2016 and 2015. June YTD sales of 6,210 are running 1.3% behind last year's year-to-date sales of 6,292. 1,400 1,200 1,000 800 Number of Properties Sold 3 Mo Avg 600 400 Prices The Median Sales Price in June was $209,350, up 11.4% from $188,000 in June of 2016 and up 2.1% from $205,000 last month. The Average Sales Price in June was $249,491, up 11.6% from $223,540 in June of 2016 and up 2.4% from $243,610 last month. June 2017 ASP was at the highest level compared to June of 2016 and 2015. 200 240 220 200 180 160 140 120 100 0 1,071 1,044 963 1,020 791 985 763 896 1,152 1,141 1,146 1,208 1,203 1,078 1,071 916 810 1,013 729 841 1,135 1,114 1,190 1,283 1,066 1,126 1,079 889 923 1,012 759 820 1,154 1,009 1,220 1,248 J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 14 15 16 17 Median Sales Price and Average Sales Price 3 Mo Avg J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 14 15 16 17 Inventory & MSI The Total Inventory of Properties available for sale as of June was 2,793, up 0.9% from 2,768 last month and down 12.0% from 3,175 in June of last year. June 2017 Inventory was at its lowest level compared with June of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2017 MSI of 2.2 months was at its lowest level compared with June of 2016 and 2015. 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Total Inventory & Month's Supply of Inventory (MSI) 3,741 3,695 3,542 3,600 3,623 3,538 3,634 3,552 3,365 3,331 3,262 3,206 3,157 3,015 3,003 3,116 3,164 3,165 3,349 3,303 3,210 3,129 3,050 3,175 3,056 2,918 2,864 2,878 2,975 2,928 2,934 2,882 2,847 2,818 2,768 2,793 J A S O N D J F M A M J 14 15 J A S O N D J F M A M J 16 J A S O N D J F M A M J 17 6.0 5.0 4.0 3.0 2.0 1.0 0.0 c o l d w e l l b a n k e r h o m e s.c o m | 137