Space Coast Housing Statistics for May ’23

SINGLE FAMILY STATISTICS

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

Closed Sales are up 0.6% for May 2023 in which the number of units closed was 1,060 compared to 1,054 in May 2022, with an decrease in cash sales of -7.5%.
New Pending Sales are down -11.7% and New Listings are down -14.2%.
The Median Sales Price for Brevard Single Family homes is down -0.9% to $371,450 compared to a year ago, which was $375,000.
Months’ Supply of Inventory is up 90.9% to 2.1 months, an increase from 1.1 months in May 2022.
Traditional Sales are up 0.6% with a median sales price of $371,950.
Foreclosure/REO Sales are up 33.3% with 4 closed sales and a median sales price of $280,000.
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 May 2023:

Closed Sales are up 1.8% for May 2023 in which the number of units closed was 276 compared to 271 in May 2022, with an increase in cash sales of 2.7%.
New Pending Sales are down -8.4% and New Listings are up 3.0%.
Median Sales Price for Townhomes/Condos is down -1.2% to $296,500 compared to a year ago, which was $300,000.
Months’ Supply of Inventory is up 181.8% to 3.1 months in May 2023 from 1.1 months in May 2022.
Traditional Sales are up 1.5% with a median sales price of $299,000.
Foreclosure/REO Sales are N/A with a median sales price of $175,000.
Short Sale Closings are N/A with 0 closed sales in May 2023 and 0 closed sales in May 2022.

Source: Space Coast Association of REALTORS