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A quick recap of the
Brevard County Residential Report for Q3 2022:
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Closed Sales are down -12.8% for Q3 2022 in which the number of units closed was 2,777
compared to 3,183 in Q3 2021, with a decrease in cash sales of
-12.7%.
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New Pending Sales are down -16.4% and New Listings are down -0.2%.
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The Median Sales Price for Brevard Single Family homes is up
14.9% to $370,000
compared to a year ago, which was $321,995.
·
Months' Supply of Inventory is up 81.8% to 2.0 months, from 1.1 months in Q3
2021.
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Traditional Sales are down -12.3% with a median sales price of $370,000.
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Foreclosure/REO Sales are down -70.4% with 8 closed sales and a median sales
price of $200,000.
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Short Sale Closings are 0.0% with 2 closed sales and a median sales price
of $189,400.
A quick recap of the
Brevard County Townhouses/Condos for Q3 2022:
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Closed Sales are down -18.4% for Q3 2022 in which the number of units closed was 669
compared to 820 in Q3 2021, with a decrease in cash sales of -12.0%.
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New Pending Sales are down -22.2% and New Listings are down -9.9%.
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Median Sales Price for Townhomes/Condos is up 16.1% to $290,000 compared to a year ago, which
was $250,000.
·
Months' Supply of Inventory is up 35.7% to 1.9 months in Q3 2022 from 1.4
months in Q3 2021.
·
Traditional Sales are down -18.1% with a median sales price of $290,000.
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Foreclosure/REO Sales are down -60.0% with a median sales price of $230,000 and 2
closed sales.
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Short Sale Closings are down -100.0% with 0 closed sales in Q3 2022 and 1 closed
sale in Q3 2021.
JoAnn Young Florida Real Estate Broker Young & Young Properties 321-243-4917 JoAnn@MyFLDreamHome.com
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