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April 2016 MLS Statistics

Courtesy of Real Estate Ink, a full-service Palm Bay real estate boutique agency that offers sales and leasing representation, property management, and project development, check out the following recap of the Brevard County Residential Report for April 2016 compared to April 2015:

• Closed Sales are down -3.6% for April 2016 compared to April 2015. There was a decrease in cash sales by -14.2% compared to April 2015.
• New Pending Sales are down -20.5% and New Listings are up 4.9%
• The Median Sales Price for Brevard Single Family homes is up 16.1% to $179,900 compared to April 2015 ($155,000).
• Months Supply of Inventory is up 3.4% at 3.0 months compared to last year (2.9 months)
• Traditional Sales are up 11.8%, with a median sales price of $185,000.
• Foreclosure/REO Sales are down -59.2%, with a median sales price of $112,143.
• Short Sale Closings are down -53.8%, with a median sales price of $83,000.

For Brevard County Townhouses/Condos:

• Closed Sales are up 8.4% for April 2016. There was a decrease in cash sales by -6.8% compared to April 2015.
• New Pending Sales are down -11.6% and New Listings are up 13.7%
• Median Sales Price for Townhomes/Condos stayed the same at $140,000.
• Months Supply of Inventory is down -2.3% to 4.2 months compared to April 2015.
• Traditional Sales are up 21.6%, with a median sales price of $147,500.
• Foreclosure/REO Sales are down -61.8%, with a median sales price of $69,500.
Short Sale Closings are down -50.0%, with a median sales price of $109,000.

At Real Estate Ink, we want you to find the residence of your dreams. It always gives us satisfaction if you yourself are happy with our services. Give us your feedback, because we want all transactions you make with us to be winners to both parties.

We look forward to more than just assisting you with buying and selling a house. Real Estate Ink is committed to building a mutually beneficial relationship with you for the future, as well.

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