Provided by the Spact Coast Association of Realtors and the FL Association of Realtors
A quick recap of the Brevard County Residential Report for November 2024:- Closed Sales are down -20.8% for November 2024 in which the number of units closed was 630 compared to 795 in November 2023, with a decrease in cash sales of -32.8%.
- New Pending Sales are up 6.6% and New Listings are up 10.9%.
- The Median Sales Price for Brevard Single Family homes is up 3.5% to $380,000 compared to a year ago, which was $367,000.
- Months' Supply of Inventory is up 40.0% to 4.2 months, an increase from 3.0 months in November 2023.
- Traditional Sales are down -20.6% with a median sales price of $380,000.
- Foreclosure/REO Sales are down -33.3% with 2 closed sales and a median sales price of $202,360.
- 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 November 2024:
- Closed Sales are down -20.3% for November 2024 in which the number of units closed was 137 compared to 172 in November 2023, with a decrease in cash sales of -39.1%
- New Pending Sales are down -23.4% and New Listings are up 2.7%.
- The Median Sales Price for Brevard Townhouses/Condos is up 9.8% to $315,000 compared to a year ago, which was $287,000.
- Months' Supply of Inventory is up 57.8% to 7.1 months, an increase from 4.5 months in November 2023.
- Traditional Sales are down -20.3% with a median sales price of $315,000.
- Foreclosure/REO Sales are N/A with 0 closed sales reported.
- Short Sale Closings are N/A with 0 closed sales reported.
JoAnn Young, Owner/Broker
Young & Young Properties