My FLORIDA Dream Home

Friday, August 23, 2024

Brevard County MLS Statistics for July 2024

Data from the Space Coast Association of Realtors & Florida Association of Realtors

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

Closed Sales are up 19.0% for July 2024 in which the number of units closed was 994 compared to 835 July 2023, with an increase in cash sales of 22.2%.
New Pending Sales are down -2.4% and New Listings are up 6.9%.
The Median Sales Price for Brevard Single Family homes is up 2.7% to $380,000 compared to a year ago, which was $370,000.
Months' Supply of Inventory is up 81.8% to 4.0 months, an increase from 2.2 months in July 2023.
Traditional Sales are up 18.2% with a median sales price of $380,250.
Foreclosure/REO Sales are up 350.0% with 9 closed sales and a median sales price of $243,000.
Short Sale Closings N/A with 0 closed sale and a median sales price of (No Sales.)

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

Closed Sales are up 15.6% for July 2024 in which the number of units closed was 237 compared to 205 in July 2023, with an increase in cash sales of 16.8%.
New Pending Sales are down -1.4% and New Listings are up 11.3%.
The Median Sales Price for Brevard Townhouses/Condos is up 9.0% to $288,750 compared to a year ago, which was $265,000.
Months' Supply of Inventory is up 87.9% to 6.2 months, an increase from 3.3 months in July 2023.
Traditional Sales are up 16.3% with a median sales price of $289,000.
Foreclosure/REO Sales are down -50.0% with 1 closed sale and a median sales price of $195,000.
Short Sale Closings are N/A with 0 closed sales reported.

JoAnn Young, Owner/ Broker

321-243-4917

*Statistics provided by Space Coast Association of Realtors and the Florida Association of Realtors

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

Closed Sales are up 1.0% for May 2024 in which the number of units closed was 1,071 compared to 1,060 in May 2023, with a decrease in cash sales of -14.6%.
New Pending Sales are down -3.7% and New Listings are up 20.0%.
The Median Sales Price for Brevard Single Family homes is up 1.0% to $375,000 compared to a year ago, which was $371,450.
Months' Supply of Inventory is up 81.0% to 3.8 months, an increase from 2.1 months in May 2023.
Traditional Sales are up 0.3% with a median sales price of $375,000.
Foreclosure/REO Sales are up 175.0% with 11 closed sales and a median sales price of $250,000.
Short Sale Closings N/A with 1 closed sale and a median sales price of $440,000.

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

Closed Sales are up 2.2% for May 2024 in which the number of units closed was 282 compared to 276 in May 2023, with a decrease in cash sales of -0.6%.
New Pending Sales are down -10.4% and New Listings are up 20.1%.
The Median Sales Price for Brevard Townhouses/Condos is down -2.2% to $290,000 compared to a year ago, which was $296,500.
Months' Supply of Inventory is up 106.5% to 6.4 months, an increase from 3.1 months in May 2023.
Traditional Sales are up 1.8% with a median sales price of $290,000.
Foreclosure/REO Sales are up 100.0% with 2 closed sales and a median sales price of $292,500.
Short Sale Closings are N/A with 0 closed sales reported.