Space Coast of Florida Housing Report for May 2021

Single Family Report

A quick recap of the Brevard County Single-Family Report for May 2021:

Closed Sales are up +39.2% for May 2021 in which the number of units closed was 997 compared to 716 in May 2020, with an increase in cash sales of +124.4%.
New Pending Sales are down -7.6% and New Listings are down -2.1%.
The Median Sales Price for Brevard Single Family homes is up +16.0% to $290,000 compared to a year ago, which was $250,000.
Months Supply of Inventory is down -70.4% to 0.8 months, a decrease from 2.7 months in May 2020.
Traditional Sales are up +42.0%, with a median sales price of $290,000.
Foreclosure/REO Sales are down -81.3%, with 3 closed sales and a median sales price of $212,000.
Short Sale Closings are unchanged with 0 closed sales in May 2021 and 0 Closed sales in May 2020.

A quick recap of the Brevard County Townhouses & Condos Report for May 2021:

Closed Sales are up +70.7% for May 2021 in which the number of units closed was 285 compared to 167 in May 2020, with an increase in cash sales of +93.2%.
New Pending Sales are up +27.2% and New Listings are down -7.0%.
Median Sales Price for Townhouses & Condos is up +36.9% to $230,000 compared to a year ago, which was $168,000.
Months Supply of Inventory is down -71.4% to 1.0 months in May 2021 from 3.5 months in May 2020.
Traditional Sales are up +73.2%, with a median sales price of $230,000.
Foreclosure/REO Sales are down -66.7%, with 1 closed sales and a median sales price of $163,000.
Short Sale Closings are unchanged with 0 closed sales in May 2021 and 0 closed sales in May 2020.

Source: Florida Realtors/Space Coast Association of REALTORS