Space Coast Housing Statistics for March 2021

A quick recap of the Brevard County Residential Report for March 2021:

Closed Sales are up +13.9% for March 2021 in which the number of units closed was 1122 compared to 985 in March 2020, with an increase in cash sales of +41.0%.
New Pending Sales are up +29.7% and New Listings are down -10.0%.
The Median Sales Price for Brevard Single Family homes is up +7.9% to $280,000 compared to a year ago, which was $259,571.
Months Supply of Inventory is down -66.7% to 0.9 months, a decrease from 2.7 months in March 2020.
Traditional Sales are up +15.5%, with a median sales price of $280,000.
Foreclosure/REO Sales are down -75.0%, with 4 closed sales and a median sales price of $168,000.
Short Sale Closings are down -50.0% with 1 closed sales and a median sales price of $215,000.

A quick recap of the Brevard County Townhouses/Condos for March 2021:

Closed Sales are up +31.6% for March 2021 in which the number of units closed was 371 compared to 282 in March 2020, with an increase in cash sales of +35.6%.
New Pending Sales are up +97.1% and New Listings are up +14.1%.
Median Sales Price for Townhomes/Condos is up +7.3% to $220,000 compared to a year ago, which was $205,000.
Months Supply of Inventory is down -62.9% to 1.3 months in March 2021 from 3.5 months in March 2020.
Traditional Sales are up +32.0%, with a median sales price of $220,000.
Foreclosure/REO Sales are down with 0 closed sales compared to 1 closed sales in March 2020.
Short Sale Closings are unchanged with 0 closed sales in March 2021 and 0 closed sales in March 2020.