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A quick recap of the
Brevard County Residential Report for Q1 2023:
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Closed Sales are down -9.9% for Q1 2023 in which the number of units closed was 2,471
compared to 2,741 in Q1 2022, with an decrease in cash sales
of -17.1%.
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New Pending Sales are down -8.2% and New Listings are up 0.3%.
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The Median Sales Price for Brevard Single Family homes is up
3.2% to $350,000
compared to a year ago, which was $339,000.
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Months' Supply of Inventory is up 214.3% to 2.2 months, an increase from 0.7
months in Q1 2022.
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Traditional Sales are down -9.9% with a median sales price of $350,000.
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Foreclosure/REO Sales are up 26.7% with 19 closed sales and a median
sales price of $253,200.
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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 Q1 2023:
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Closed Sales are down -21.3% for Q1 2023 in which the number of units closed was 607
compared to 771 in Q1 2022, with a decrease in cash sales of -13.9%.
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New Pending Sales are down -14.7% and New Listings are up 11.8%.
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Median Sales Price for Townhomes/Condos is up 8.5% to $295,000 compared to a year ago,
which was $272,000.
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Months' Supply of Inventory is up 200.0% to 3.0 months in Q1 2023 from 1.0
months in Q1 2022.
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Traditional Sales are down -21.5% with a median sales price of $295,000.
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Foreclosure/REO Sales are up 100.0% with a median sales price of $153,500.
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Short Sale Closings are 0.0% with 1 closed sale in Q1 2023 and 1 closed
sale in Q1 2022.
JoAnn Young - Licensed Broker Young & Young Properties JoAnn@MyFLDreamHome.com 321-243-4917
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