*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.
JoAnn Young Broker/ Owner 321-243-4917
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