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2022 December, 4th Quarter & Annual Brevard County housing statistics

By Kymberly Franklin posted 01-18-2023 15:15

  

For Immediate Release

Palm Shores, FL -- 2022 December, 4th Quarter & Annual 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.

MLS Statistics - December 2022

You will find monthly, quarterly, and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website. In addition, there are Yearly Distressed Market Summaries for both types of properties.

A quick recap of the Brevard County Residential Report for December 2022:

  • 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.

A quick recap of the Brevard County Townhouses/Condos for December 2022:

  • 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.

December 2022 MLS Statistics

MLS Statistics - 4th Quarter 2022


You will find monthly, quarterly, and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website. In addition, there are Yearly Distressed Market Summaries for both types of properties.

A quick recap of the Brevard County Residential Report for Q4 2022:

  • Closed Sales are down -25.6% for Q4 2022 in which the number of units closed was 2,373 compared to 3,188 in Q4 2021, with an decrease in cash sales of -32.8%.
  • New Pending Sales are down -31.4% and New Listings are down -7.1%.
  • The Median Sales Price for Brevard Single Family homes is up 10.1% to $357,813 compared to a year ago, which was $325,000.
  • Months Supply of Inventory is up 155.6% to 2.3 months, an increase from 0.9 months in Q4 2021.
  • Traditional Sales are down -25.4% with a median sales price of $358,688.
  • Foreclosure/REO Sales are down -57.9% with 8 closed sales and a median sales price of $165,307.
  • Short Sale Closings are up 33.3% with 4 closed sales and a median sales price of $329,000.

A quick recap of the Brevard County Townhouses/Condos for Q4 2022:

  • Closed Sales are down -31.2% for Q4 2022 in which the number of units closed was 568 compared to 825 in Q4 2021, with a decrease in cash sales of -24.6%.
  • New Pending Sales are down -43.8% and New Listings are up 2.4%.
  • Median Sales Price for Townhomes/Condos is up 21.4% to $306,000 compared to a year ago, which was $252,000.
  • Months' Supply of Inventory is up 145.5% to 2.7 months in Q4 2022 from 1.1 months in Q4 2021.
  • Traditional Sales are down -31.3% with a median sales price of $307,700.
  • Foreclosure/REO Sales are up 50.0% with a median sales price of $255,000.
  • Short Sale Closings are N/A with 0 closed sales in Q4 2022 and 0 closed sales in Q4 2021.

4th Quarter MLS Statistics

MLS Statistics - 2022 Annual

You will find monthly, quarterly, and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website. In addition, there are Yearly Distressed Market Summaries for both types of properties.

A quick recap of the Brevard County Residential Report for 2022:

  • Closed Sales are down -11.9% for 2022 in which the number of units closed was 11,083 compared to 12,581 in 2021, with a decrease in cash sales of -5.1%.
  • New Pending Sales are down -13.9% and New Listings are up 2.5%.
  • The Median Sales Price for Brevard Single Family homes is up 16.9% to $360,000 compared to a year ago, which was $308,000.
  • Months' Supply of Inventory is up 155.6% to 2.3 months, an increase from 0.9 months in 2021.
  • Traditional Sales are down -11.6% with a median sales price of $360,000.
  • Foreclosure/REO Sales are down -51.8% with 41 closed sales and a median sales price of $200,000.
  • Short Sale Closings are 0.0% with 13 closed sales and a median sales price of $296,500.

A quick recap of the Brevard County Townhouses/Condos for 2022:

  • Closed Sales are down -18.3% for 2022 in which the number of units closed was 2,867 compared to 3,511 in 2021, with a decrease in cash sales of -11.8%.
  • New Pending Sales are down -25.6% and New Listings are down -5.8%.
  • Median Sales Price for Townhomes/Condos is up 20.3% to $289,900 compared to a year ago, which was $241,000.
  • Months' Supply of Inventory is up 145.5% to 2.7 months in 2022 from 1.1 months in 2021.
  • Traditional Sales are down -18.2% with a median sales price of $290,000.
  • Foreclosure/REO Sales are down -46.2% with a median sales price of $195,000.
  • Short Sale Closings are down -50.0% with 1 closed sale in 2022 and 2 closed sales in 2021.


2022 Annual Statistics

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