For Immediate Release
Palm Shores, FL -- 2022 First Quarter Brevard County housing statistics report for Single-Family homes and Townhouses/Condos provided by Space Coast Association of REALTORS®, the voice for real estate in Brevard County.
A quick recap of the Brevard County Residential Report for 2022 Q1:
- Closed Sales are down -1.8% for 2022 Q1 in which the number of units closed was 2,741 compared to 2,792 in 2021 Q1, with an increase in cash sales of 20.4%.
- New Pending Sales are down -4.7% and New Listings are up 1.3%.
- The Median Sales Price for Brevard Single Family homes is up 22.8% to $339,000 compared to a year ago, which was $276,000.
- Months' Supply of Inventory is down -22.2% to 0.7 months, from 0.9 months in 2021 Q1.
- Traditional Sales are down -1.8% with a median sales price of $339,900.
- Foreclosure/REO Sales are 0.0% with 15 closed sales and a median sales price of $233,000.
- Short Sale Closings are down -33.3% with 4 closed sales and a median sales price of $340,000.
A quick recap of the Brevard County Townhouses/Condos for 2022 Q1:
- Closed Sales are down -12.7% for 2022 Q1 in which the number of units closed was 771 compared to 883 in 2021 Q1, with a decrease in cash sales of -10.2%.
- New Pending Sales are down -19.9% and New Listings are down -12.5%.
- Median Sales Price for Townhomes/Condos is up 23.6% to $272,000 compared to a year ago, which was $220,000.
- Months' Supply of Inventory is down -28.6% to 1.0 months in 2022 Q1 from 1.4 months in 2021 Q1.
- Traditional Sales are down -12.8% with a median sales price of $272,500.
- Foreclosure/REO Sales are 0.0% with a median sales price of $111,125 and 1 closed sale.
- Short Sale Closings are N/A with 1 closed sale in 2022 Q1 and 0 closed sales in 2021 Q1.