Palm Shores, FL -- Third Quarter 2022 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 Q3 2022:
- Closed Sales are down -12.8% for Q3 2022 in which the number of units closed was 2,777 compared to 3,183 in Q3 2021, with a decrease in cash sales of -12.7%.
- New Pending Sales are down -16.4% and New Listings are down -0.2%.
- The Median Sales Price for Brevard Single Family homes is up 14.9% to $370,000 compared to a year ago, which was $321,995.
- Months' Supply of Inventory is up 81.8% to 2.0 months, from 1.1 months in Q3 2021.
- Traditional Sales are down -12.3% with a median sales price of $370,000.
- Foreclosure/REO Sales are down -70.4% with 8 closed sales and a median sales price of $200,000.
- Short Sale Closings are 0.0% with 2 closed sales and a median sales price of $189,400.
A quick recap of the Brevard County Townhouses/Condos for Q3 2022:
- Closed Sales are down -18.4% for Q3 2022 in which the number of units closed was 669 compared to 820 in Q3 2021, with a decrease in cash sales of -12.0%.
- New Pending Sales are down -22.2% and New Listings are down -9.9%.
- Median Sales Price for Townhomes/Condos is up 16.1% to $290,000 compared to a year ago, which was $250,000.
- Months' Supply of Inventory is up 35.7% to 1.9 months in Q3 2022 from 1.4 months in Q3 2021.
- Traditional Sales are down -18.1% with a median sales price of $290,000.
- Foreclosure/REO Sales are down -60.0% with a median sales price of $230,000 and 2 closed sales.
- Short Sale Closings are down -100.0% with 0 closed sales in Q3 2022 and 1 closed sale in Q3 2021.
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