Space Coast Housing Statistics for October ’22

SINGLE FAMILY STATISTICS

A quick recap of the Brevard County Residential Report for October 2022:

Closed Sales are down -20.7% for October 2022 in which the number of units closed was 871 compared to 1,098 in October 2021, with a decrease in cash sales of -34.7%.
New Pending Sales are down -34.6% and New Listings are down -2.4%.
The Median Sales Price for Brevard Single Family homes is up 10.5% to $363,500 compared to a year ago, which was $329,105.
Months’ Supply of Inventory is up 109.1% to 2.3 months, from 1.1 months in October 2021.
Traditional Sales are down -20.9% with a median sales price of $364,335.
Foreclosure/REO Sales are up 100% with 4 closed sales and a median sales price of $165,307.
Short Sale Closings are 0.0% with 2 closed sales and a median sales price of $237,500.

A quick recap of the Brevard County Townhouses/Condos for October 2022:

Closed Sales are down -30.6% for October 2022 in which the number of units closed was 193 compared to 278 in October 2021, with a decrease in cash sales of -23.2%.
New Pending Sales are down -39.5% and New Listings are down -7.5%.
Median Sales Price for Townhomes/Condos is up 29.5% to $325,000 compared to a year ago, which was $251,000.
Months’ Supply of Inventory is up 50.0% to 2.1 months in October 2022 from 1.4 months in October 2021.
Traditional Sales are down -30.9% with a median sales price of $325,000.
Foreclosure/REO Sales are N/A with a median sales price of $255,000 and 1 closed sale.
Short Sale Closings are N/A with 0 closed sales in October 2022 and 0 closed sales in October 2021.

Source: Space Coast Association of REALTORS