A quick recap of the Brevard County Residential Report for November 2021:
- 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.
A quick recap of the Brevard County Townhouses/Condos for November 2021:
- 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.