Palm Shores, FL -- 2023 Q1 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 Q1 2023:
- Closed Sales are down -9.9% for Q1 2023 in which the number of units closed was 2,471 compared to 2,741 in Q1 2022, with an decrease in cash sales of -17.1%.
- New Pending Sales are down -8.2% and New Listings are up 0.3%.
- The Median Sales Price for Brevard Single Family homes is up 3.2% to $350,000 compared to a year ago, which was $339,000.
- Months' Supply of Inventory is up 214.3% to 2.2 months, an increase from 0.7 months in Q1 2022.
- Traditional Sales are down -9.9% with a median sales price of $350,000.
- Foreclosure/REO Sales are up 26.7% with 19 closed sales and a median sales price of $253,200.
- Short Sale Closings are down -100.0% with 0 closed sales and a median sales price of (no sales).
A quick recap of the Brevard County Townhouses/Condos for Q1 2023:
- Closed Sales are down -21.3% for Q1 2023 in which the number of units closed was 607 compared to 771 in Q1 2022, with a decrease in cash sales of -13.9%.
- New Pending Sales are down -14.7% and New Listings are up 11.8%.
- Median Sales Price for Townhomes/Condos is up 8.5% to $295,000 compared to a year ago, which was $272,000.
- Months' Supply of Inventory is up 200.0% to 3.0 months in Q1 2023 from 1.0 months in Q1 2022.
- Traditional Sales are down -21.5% with a median sales price of $295,000.
- Foreclosure/REO Sales are up 100.0% with a median sales price of $153,500.
- Short Sale Closings are 0.0% with 1 closed sale in Q1 2023 and 1 closed sale in Q1 2022.