Information provided by Space Coast Association of Realtors & Florida Association of Realtors
A quick recap of the Brevard County Residential Report for Annual 2023:
- Closed Sales are down -6.2% for Annual 2023 in which the number of units closed was 10,396 compared to 11,083 in Annual 2022, with a decrease in cash sales of -8.9%.
- New Pending Sales are -5.0% and New Listings are down -4.0%.
- The Median Sales Price for Brevard Single Family homes is up 0.3% to $361,000 compared to a year ago, which was $360,000.
- Months' Supply of Inventory is up 39.1% to 3.2 months, an increase from 2.3 months in Annual 2022.
- Traditional Sales are down -6.3% with a median sales price of $362,000.
- Foreclosure/REO Sales are up 24.4% with 51 closed sales and a median sales price of $227,800.
- Short Sale Closings are down -53.8% with 6 closed sales and a median sales price of $455,000.
A quick recap of the Brevard County Townhouses/Condos for Annual 2023:
- Closed Sales are down -9.8% for Annual 2023 in which the number of units closed was 2,587 compared to 2,867 in Annual 2022, with a decrease in cash sales of -6.3%.
- New Pending Sales are down -5.9% and New Listings are up 6.8%.
- The Median Sales Price for Brevard Townhouses/Condos is up 3.1% to $299,000 compared to a year ago, which was $289,900.
- Months' Supply of Inventory is up 81.5% to 4.9 months, an increase from 2.7 months in Annual 2022.
- Traditional Sales are down -9.9% with a median sales price of $299,700.
- Foreclosure/REO Sales are up 28.6% with 9 closed sales and a median sales price of $145,000
- Short Sale Closings are (no change) 0.0% with 1 closed sale and a median sales price of $375,000.
JoAnn Young
Real Estate Broker
