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Information provided by Space Coast Association of Realtors. You will find
monthly, quarterly, and yearly reports of Brevard County Sales, detailed by
Single Family Homes and Townhouses/Condos, on our website. In
addition, there are Yearly Distressed Market Summaries for both types
of properties.
A quick recap of the
Brevard County Residential Report for May 2023:
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Closed Sales are up 0.6% for May 2023 in which the number of units closed was
1,060 compared to 1,054 in May 2022, with an decrease in cash
sales of -7.5%.
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New Pending Sales are down -11.7% and New Listings are down -14.2%.
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The Median Sales Price for Brevard Single Family homes is down
-0.9% to $371,450
compared to a year ago, which was $375,000.
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Months' Supply of Inventory is up 90.9% to 2.1 months, an increase from 1.1
months in May 2022.
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Traditional Sales are up 0.6% with a median sales price of $371,950.
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Foreclosure/REO Sales are up 33.3% with 4 closed sales and a median sales
price of $280,000.
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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 May 2023:
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Closed Sales are up 1.8% for May 2023 in which the number of units closed was 276
compared to 271 in May 2022, with an increase in cash sales of 2.7%.
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New Pending Sales are down -8.4% and New Listings are up 3.0%.
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Median Sales Price for Townhomes/Condos is down -1.2% to $296,500 compared to a year ago,
which was $300,000.
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Months' Supply of Inventory is up 181.8% to 3.1 months in May 2023 from 1.1
months in May 2022.
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Traditional Sales are up 1.5% with a median sales price of $299,000.
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Foreclosure/REO Sales are N/A with a median sales price of $175,000.
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Short Sale Closings are N/A with 0 closed sales in May 2023 and 0 closed
sales in May 2022.
JoAnn Young Licensed Real Estate Broker Young & Young Properties Brevard County, FL 321-243-4917 JoAnn@MyFLDreamHome.com
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