Space Coast Residential Market Statistics for Oct. ’21

Single Family Report

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

Closed Sales are up +3.9% for October 2021 in which the number of units closed was 1,069 compared to 1,029 in October 2020, with an increase in cash sales of +56.5%.
New Pending Sales are down -3.1% and New Listings are down -5.2%.
The Median Sales Price for Brevard Single Family homes is up +19.3% to $327,000 compared to a year ago, which was $274,150.
Months Supply of Inventory is down -33.3% to 1.0 months, a decrease from 1.5 months in October 2020.
Traditional Sales are up +4.1% with a median sales price of $327,000.
Foreclosure/REO Sales are down -80.0% with 1 closed sale and a median sales price of $219,900.
Short Sale Closings are N/A with 2 closed sales and a median sales price of $242,500.

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

Closed Sales are down -1.8% for October 2021 in which the number of units closed was 276 compared to 281 in October 2020, with an increase in cash sales of +11.3%.
New Pending Sales are down -0.3% and New Listings are down -1.7%.
Median Sales Price for Townhomes/Condos is up +17.1% to $249,450 compared to a year ago, which was $213,000.
Months Supply of Inventory is down -41.7% to 1.4 months, a decrease from 2.4 months in October 2020.
Traditional Sales are down -1.1% with a median sales price of $249,450.
Foreclosure/REO Sales are down -100% with a median sales price of (no sales).
Short Sale Closings are N/A with 0 closed sale in October 2021 and 0 closed sales in October 2020.

Source: Space Coast Association of REALTORS