Brevard County Residential Statistics for Jan. ’23

SINGLE FAMILY STATISTICS

A quick recap of the Brevard County Residential Report for January 2024:

Closed Sales are down -6.4% for January 2024 in which the number of units closed was 581 compared to 621 in January 2023, with a decrease in cash sales of -3.0%.
New Pending Sales are down -5.7% and New Listings are up 14.8%.
The Median Sales Price for Brevard Single Family homes is up 6.0% to $371,583 compared to a year ago, which was $350,540.
Months’ Supply of Inventory is up 47.8% to 3.4 months, an increase from 2.3 months in January 2023.
Traditional Sales are down -6.8% with a median sales price of $373,888.
Foreclosure/REO Sales are reported the same as January 2023 with 0% change and with 6 closed sales year over year. A median sales price was reported of $238,050.
Short Sale Closings N/A with 2 closed sales and a median sales price of $328,250

A quick recap of the Brevard County Townhouses/Condos for January 2024:

Closed Sales are down -10.8% for January 2024 in which the number of units closed was 132 compared to 148 in January 2023, with an decrease in cash sales of -25.5%.
New Pending Sales are down -18.3% and New Listings are up 20.4%.
The Median Sales Price for Brevard Townhouses/Condos is down -5.6% to $283,100 compared to a year ago, which was $300,000.
Months’ Supply of Inventory is up 74.2% to 5.4 months, an increase from 3.1 months in January 2023.
Traditional Sales are down -10.8% with a median sales price of $283,100.
Foreclosure/REO Sales are N/A with 0 closed sales reported.
Short Sale Closings are N/A with 0 closed sales reported

Source: Space Coast Association of REALTORS