Brevard County Housing Statistics for September ’23

SINGLE FAMILY STATISTICS

A quick recap of the Brevard County Residential Report for September 2023:

Closed Sales are down -1.7% for September 2023 in which the number of units closed was 864 compared to 879 in September 2022, with an increase in cash sales of 9.9%.
New Pending Sales are down -7.3% and New Listings are up 25.1%.
The Median Sales Price for Brevard Single Family homes is up 0.7% to $364,995 compared to a year ago, which was $362,540.
Months’ Supply of Inventory is up 35.0% to 2.7 months, an increase from 2.0 months in September 2022.
Traditional Sales are down -1.9% with a median sales price of $365,000.
Foreclosure/REO Sales are up 50.0% with 3 closed sales and a median sales price of $195,000.
Short Sale Closings are up 100.0% with 2 closed sales and a median sales price of $365,000.

A quick recap of the Brevard County Townhouses/Condos for September 2023:

Closed Sales are up 4.6% for September 2023 in which the number of units closed was 226 compared to 216 in September 2022, with an increase in cash sales of 4.3%.
New Pending Sales are up 24.5% and New Listings are up 30.8%.
Median Sales Price for Townhomes/Condos is up 5.5% to $307,500 compared to a year ago, which was $291,500.
Months’ Supply of Inventory is up 94.7% to 3.7 months in September 2023 from 1.9 months in September 2022.
Traditional Sales are up 3.7% with a median sales price of $310,000.
Foreclosure/REO Sales N/A with a median sales price of $95,000.
Short Sale Closings are N/A with 0 closed sales in September 2023 and 0 closed sales in September 2022.

Source: Space Coast Association of REALTORS