Space Coast Residential Report for December ’22

SINGLE FAMILY STATISTICS

• Closed Sales are down -24.4% for December 2022 in which the number of units closed was 831 compared to 1,099 in December 2021, with an decrease in cash sales of -27.5%.
• New Pending Sales are down -20.5% and New Listings are down -6.6%.
• The Median Sales Price for Brevard Single Family homes is up 8.0% to $352,540 compared to a year ago, which was $326,350.
• Months’ Supply of Inventory is up 155.6% to 2.3 months, an increase from 0.9 months in December 2021.
• Traditional Sales are down -24.1% with a median sales price of $352,688.
• Foreclosure/REO Sales are down -87.5% with 1 closed sale and a median sales price of $116,950.
• Short Sale Closings are N/A with 2 closed sales and a median sales price of $389,500.

TOWNHOME/CONDO STATISTICS

• Closed Sales are down -26.0% for December 2022 in which the number of units closed was 213 compared to 288 in December 2021, with a decrease in cash sales of -15.7%.
• New Pending Sales are down -44.9% and New Listings are up 38.2%.
• Median Sales Price for Townhomes/Condos is up 13.1% to $303,000 compared to a year ago, which was $268,000.
• Months’ Supply of Inventory is up 145.5% to 2.7 months in December 2022 from 1.1 months in December 2021.
• Traditional Sales are down -26.4% with a median sales price of $304,000.
• Foreclosure/REO Sales are N/A with a median sales price of $261,000.
• Short Sale Closings are N/A with 0 closed sales in December 2022 and 0 closed sales in December 2021.