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MLS Statistics 2022: August

By Kymberly Franklin posted 10 days ago

  
A quick recap of the Brevard County Residential Report for August 2022:
  • Closed Sales are down -8.9% for August 2022 in which the number of units closed was 1,008 compared to 1,107 in August 2021, with a decrease in cash sales of -15.1%.
  • New Pending Sales are down -6.9% and New Listings are up 6.5%.
  • The Median Sales Price for Brevard Single Family homes is up 16.3% to $377,835 compared to a year ago, which was $325,000.
  • Months' Supply of Inventory is up 81.8% to 2.0 months, from 1.1 months in August 2021.
  • Traditional Sales are down -8.4% with a median sales price of $378,385.
  • Foreclosure/REO Sales are down -55.6% with 4 closed sales and a median sales price of $195,000.
  • Short Sale Closings are down -100.0% with 0 closed sales and a median sales price of N/A.
A quick recap of the Brevard County Townhouses/Condos for August 2022:
  • Closed Sales are down -18.1% for August 2022 in which the number of units closed was 249 compared to 304 in August 2021, with an decrease in cash sales of -0.7%.
  • New Pending Sales are down -18.3% and New Listings are down -17.8%.
  • Median Sales Price for Townhomes/Condos is up 6.9% to $279,900 compared to a year ago, which was $261,868.
  • Months' Supply of Inventory is up 28.6% to 1.8 months in August 2022 from 1.4 months in August 2021.
  • Traditional Sales are down -17.3% with a median sales price of $279,900.
  • Foreclosure/REO Sales are down -66.7% with a median sales price of $195,00 and 1 closed sale.
  • Short Sale Closings are down -100.0% with 0 closed sales in August 2022 and 1 closed sale in August 2021.

Brevard County market Snapshot August 2022
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