Space Coast Housing Statistics for November ’21

Single Family Statistics

• Closed Sales are up +7.3% for November 2021 in which the number of units closed was 991 compared to 924 in November 2020, with an increase in cash sales of 35.7%.
• New Pending Sales are up +9.1% and New Listings are up +5.8%.
• The Median Sales Price for Brevard Single Family homes is up +17.6% to $323,333 compared to a year ago, which was $275,000.
• Months Supply of Inventory is down -40.0% to 0.9 months, a decrease from 1.5 months in November 2020.
• Traditional Sales are up +7.4% with a median sales price of $324,900.
• Foreclosure/REO Sales are up +28.6% with 9 closed sales and a median sales price of $188,000.
• Short Sale Closings are down -75.0% with 1 closed sale and a median sales price of $430,000.

Townhome/Condo Statistics

• Closed Sales are up +4.9% for November 2021 in which the number of units closed was 259 compared to 247 in November 2020, with an increase in cash sales of +27.9%.
• New Pending Sales are up +15.5% and New Listings are down -11.9%.
• Median Sales Price for Townhomes/Condos is up +2.5% to $240,800 compared to a year ago, which was $235,000.
• Months Supply of Inventory is down -48.0% to 1.3 months in November 2021 from 2.5 months in November 2020.
• Traditional Sales are up +4.5% with a median sales price of $242,000.
• Foreclosure/REO Sales are up 100% with a median sales price of $217,500.
• Short Sale Closings are N/A with 0 closed sales in November 2021 and 0 closed sales in November 2020.

Source: Space Coast Association of REALTORS