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Brevard County Housing Statistics: 2023 July

By Kymberly Franklin posted 08-22-2023 10:35

  
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 July 2023:
  • Closed Sales are down -6.2% for July 2023 in which the number of units closed was 835 compared to 890 in July 2022, with an decrease in cash sales of -18.2%.
  • New Pending Sales are down -0.3% and New Listings are down -20.6%.
  • The Median Sales Price for Brevard Single Family homes is up 0.0% to $370,000 compared to a year ago, which was $369,900.
  • Months' Supply of Inventory is up 15.8% to 2.2 months, an increase from 1.9 months in July 2022.
  • Traditional Sales are down -6.1% with a median sales price of $370,000.
  • Foreclosure/REO Sales are up 0.0% with 2 closed sales and a median sales price of $259,950.
  • 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 July 2023:
  • Closed Sales are up 0.5% for July 2023 in which the number of units closed was 205 compared to 204 in July 2022, with an increase in cash sales of 8.1%.
  • New Pending Sales are down -13.9% and New Listings are down -14.5%.
  • Median Sales Price for Townhomes/Condos is down -12.4% to $265,000 compared to a year ago, which was $302,450.
  • Months' Supply of Inventory is up 83.3% to 3.3 months in July 2023 from 1.8 months in July 2022.
  • Traditional Sales are 0.0% with a median sales price of $273,000.
  • Foreclosure/REO Sales up 100% with a median sales price of $151,000.
  • Short Sale Closings are N/A with 0 closed sales in July 2023 and 0 closed sales in July 2022.
To see these and previous reports on Brevard MLS Statistics, please visit our resource library by clicking here then open the MLS Full Reports folder to search by year. You can also grab market snapshot graphics that you can brand and share via email or social media, in the resource library by clicking on the Market Snapshot Graphics for Social folder. 

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