A quick recap of the Brevard County Residential Report for October 2024:
Provided by Space Coast Association of Realtors and the Florida Association of Realtors
- Closed Sales are down -1.0% for October 2024 in which the number of units closed was 762 compared to 770 in October 2023, with a decrease in cash sales of -17.8%.
- New Pending Sales are down -12.0% and New Listings are down -10.2%.
- The Median Sales Price for Brevard Single Family homes is up 6.6% to $383,900 compared to a year ago, which was $360,000.
- Months' Supply of Inventory is up 36.7% to 4.1 months, an increase from 3.0 months in October 2023.
- Traditional Sales are down -0.7% with a median sales price of $384,950.
- Foreclosure/REO Sales are down -80.0% with 1 closed sale and a median sales price of $237,500.
- Short Sale Closings N/A with 1 closed sale and a median sales price of $295,000.
A quick recap of the Brevard County Townhouses/Condos for October 2024:
- Closed Sales are down -21.8% for October 2024 in which the number of units closed was 151 compared to 193 in October 2023, with a decrease in cash sales of -45.1%
- New Pending Sales are down -15.2% and New Listings are down -18.5%.
- The Median Sales Price for Brevard Townhouses/Condos is down -7.5% to $277,500 compared to a year ago, which was $300,000.
- Months' Supply of Inventory is up 53.5% to 6.6 months, an increase from 4.3 months in October 2023.
- Traditional Sales are down -21.8% with a median sales price of $277,500.
- Foreclosure/REO Sales are N/A with 0 closed sales and a median sales price of (No Sales).
- Short Sale Closings are N/A with 0 closed sales reported.
JoAnn Young, Owner/Broker
321-243-4917
