MLS Statistic for Brevard County, FL November 2024

Provided by the Spact Coast Association of Realtors and the FL Association of Realtors 

A quick recap of the Brevard County Residential Report for November 2024:

• Closed Sales are down -20.8% for November 2024 in which the number of units closed was 630 compared to 795 in November 2023, with a decrease in cash sales of -32.8%.
• New Pending Sales are up 6.6% and New Listings are up 10.9%.
• The Median Sales Price for Brevard Single Family homes is up 3.5% to $380,000 compared to a year ago, which was $367,000.
• Months' Supply of Inventory is up 40.0% to 4.2 months, an increase from 3.0 months in November 2023.
• Traditional Sales are down -20.6% with a median sales price of $380,000.
• Foreclosure/REO Sales are down -33.3% with 2 closed sales and a median sales price of $202,360.
• Short Sale Closings are down -100.0% with 0 closed sales and a median sales price of (no sales).

 

A quick recap of the Brevard County Townhouses/Condos for November 2024:

 

• Closed Sales are down -20.3% for November 2024 in which the number of units closed was 137 compared to 172 in November 2023, with a decrease in cash sales of -39.1%
• New Pending Sales are down -23.4% and New Listings are up 2.7%.
• The Median Sales Price for Brevard Townhouses/Condos is up 9.8% to $315,000 compared to a year ago, which was $287,000.
• Months' Supply of Inventory is up 57.8% to 7.1 months, an increase from 4.5 months in November 2023.
• Traditional Sales are down -20.3% with a median sales price of $315,000.
• Foreclosure/REO Sales are N/A with 0 closed sales reported.
• Short Sale Closings are N/A with 0 closed sales reported.
  

JoAnn Young, Owner/Broker

Young & Young Properties

JoAnn@MyFLDreamHome.com

Brevard County, Florida October 2024 MLS Statistics

 A quick recap of the Brevard County Residential Report for October 2024:

Provided by Space Coast Association of Realtors and the Florida Association of Realtors 

• Closed Sales are down -1.0% for October 2024 in which the number of units closed was 762 compared to 770 in October 2023, with a decrease in cash sales of -17.8%.
• New Pending Sales are down -12.0% and New Listings are down -10.2%.
• The Median Sales Price for Brevard Single Family homes is up 6.6% to $383,900 compared to a year ago, which was $360,000.
• Months' Supply of Inventory is up 36.7% to 4.1 months, an increase from 3.0 months in October 2023.
• Traditional Sales are down -0.7% with a median sales price of $384,950.
• Foreclosure/REO Sales are down -80.0% with 1 closed sale and a median sales price of $237,500.
• Short Sale Closings N/A with 1 closed sale and a median sales price of $295,000.

 

A quick recap of the Brevard County Townhouses/Condos for October 2024:

 

• Closed Sales are down -21.8% for October 2024 in which the number of units closed was 151 compared to 193 in October 2023, with a decrease in cash sales of -45.1%
• New Pending Sales are down -15.2% and New Listings are down -18.5%.
• The Median Sales Price for Brevard Townhouses/Condos is down -7.5% to $277,500 compared to a year ago, which was $300,000.
• Months' Supply of Inventory is up 53.5% to 6.6 months, an increase from 4.3 months in October 2023.
• Traditional Sales are down -21.8% with a median sales price of $277,500.
• Foreclosure/REO Sales are N/A with 0 closed sales and a median sales price of (No Sales).
• Short Sale Closings are N/A with 0 closed sales reported.

JoAnn Young, Owner/Broker

321-243-4917

JoAnn@MyFLDreamHome.com

Where are the Wealthy Gen Z moving?

 

Top 10 states where wealthy Gen Z is moving

Florida, the most preferred destination for wealthy millennials and boomers, is second-most preferred among wealthy Gen Z households.

While the members of Gen Z haven't had much time to move up the career ladder and accumulate wealth, some have broken out into the IRS's "high-earners" territory early in their lives.

This select group earns $200,000 or more per year, and due to their age and income, they may be more prone to moving for economic and lifestyle opportunities than some older counterparts. With a longer time frame for careers and investments in front of them, Gen Zers could potentially have a larger lifetime impact on their communities.

With this in mind, SmartAsset ranked U.S. states on where wealthy Gen Zers are moving to and from the most, based on the latest IRS data.

1. New York

• Net inflow of wealthy Gen Z households: 773
• Wealthy Gen Z households that moved in: 1262
• Wealthy Gen Z households that moved out: 489
• Total Gen Z households earning $200k+: 5417
• Percent of wealthy households that are Gen Z: 0.74%

2. Florida

• Net inflow of wealthy Gen Z households: 89
• Wealthy Gen Z households that moved in: 288
• Wealthy Gen Z households that moved out: 199
• Total Gen Z households earning $200k+: 1868
• Percent of wealthy households that are Gen Z: 0.28%

3. Tennessee

• Net inflow of wealthy Gen Z households: 33
• Wealthy Gen Z households that moved in: 66
• Wealthy Gen Z households that moved out: 33
• Total Gen Z households earning $200k+: 365
• Percent of wealthy households that are Gen Z: 0.21%

4. Colorado

• Net inflow of wealthy Gen Z households: 24
• Wealthy Gen Z households that moved in: 105
• Wealthy Gen Z households that moved out: 81
• Total Gen Z households earning $200k+: 553
• Percent of wealthy households that are Gen Z: 0.22%

5. Texas

• Net inflow of wealthy Gen Z households: 18
• Wealthy Gen Z households that moved in: 291
• Wealthy Gen Z households that moved out: 273
• Total Gen Z households earning $200k+: 2393
• Percent of wealthy households that are Gen Z: 0.28%

6. Arizona

• Net inflow of wealthy Gen Z households: 14
• Wealthy Gen Z households that moved in: 79
• Wealthy Gen Z households that moved out: 65
• Total Gen Z households earning $200k+: 537
• Percent of wealthy households that are Gen Z: 0.26%

7. Mississippi

• Net inflow of wealthy Gen Z households: 10
• Wealthy Gen Z households that moved in: 10
• Wealthy Gen Z households that moved out: 0
• Total Gen Z households earning $200k+: 72
• Percent of wealthy households that are Gen Z: 0.18%

8. Nevada

• Net inflow of wealthy Gen Z households: 4
• Wealthy Gen Z households that moved in: 51
• Wealthy Gen Z households that moved out: 47
• Total Gen Z households earning $200k+: 272
• Percent of wealthy households that are Gen Z: 0.32%

9. The following states tied for ninth, with no net movement in the wealthy Gen Z cohort:

Montana:

• Total Gen Z households earning $200k+: 62
• Percent of wealthy households that are Gen Z: 0.20%

• Maine:
• Total Gen Z households earning $200k+: 24
• Percent of wealthy households that are Gen Z: 0.07%

Vermont:

• Total Gen Z households earning $200k+: 20
• Percent of wealthy households that are Gen Z: 0.10%

South Dakota:

• Total Gen Z households earning $200k+: 50
• Percent of wealthy households that are Gen Z: 0.20%

Wyoming:

• Total Gen Z households earning $200k+: 27
• Percent of wealthy households that are Gen Z: 0.17%

West Virginia:

• Total Gen Z households earning $200k+: 19
• Percent of wealthy households that are Gen Z: 0.08%

North Dakota:

• Total Gen Z households earning $200k+: 38
• Percent of wealthy households that are Gen Z: 0.16%

Alaska:

• Total Gen Z households earning $200k+: 30
• Percent of wealthy households that are Gen Z: 0.13%
  
  
  

• Florida attracts wealthy Gen Zers, along with others. Florida, the most preferred destination for wealthy millennials and boomers, is second-most preferred among wealthy Gen Z households, despite a net gain of only 89 of such households.

Information provided by the Florida Associaiton of Realtors via SmartAsset

JoAnn Young, Owner Broker

321.243.4917

JoAnn@MyFLDreamHome.com