Palm Shores, FL -- Q3 & September 2023 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 September 2023:
- Closed Sales are down -1.7% for September 2023 in which the number of units closed was 864 compared to 879 in September 2022, with an increase in cash sales of 9.9%.
- New Pending Sales are down -7.3% and New Listings are up 25.1%.
- The Median Sales Price for Brevard Single Family homes is up 0.7% to $364,995 compared to a year ago, which was $362,540.
- Months' Supply of Inventory is up 35.0% to 2.7 months, an increase from 2.0 months in September 2022.
- Traditional Sales are down -1.9% with a median sales price of $365,000.
- Foreclosure/REO Sales are up 50.0% with 3 closed sales and a median sales price of $195,000.
- Short Sale Closings are up 100.0% with 2 closed sales and a median sales price of $365,000.
A quick recap of the Brevard County Townhouses/Condos for September 2023:
- Closed Sales are up 4.6% for September 2023 in which the number of units closed was 226 compared to 216 in September 2022, with an increase in cash sales of 4.3%.
- New Pending Sales are up 24.5% and New Listings are up 30.8%.
- Median Sales Price for Townhomes/Condos is up 5.5% to $307,500 compared to a year ago, which was $291,500.
- Months' Supply of Inventory is up 94.7% to 3.7 months in September 2023 from 1.9 months in September 2022.
- Traditional Sales are up 3.7% with a median sales price of $310,000.
- Foreclosure/REO Sales N/A with a median sales price of $95,000.
- Short Sale Closings are N/A with 0 closed sales in September 2023 and 0 closed sales in September 2022.
A quick recap of the Brevard County Residential Report for Q3 2023:
- Closed Sales are down -5.1% for Q3 2023 in which the number of units closed was 2,635 compared to 2,777 in Q3 2022, with an decrease in cash sales of -5.9%.
- New Pending Sales are down -7.3% and New Listings are down -3.9%.
- The Median Sales Price for Brevard Single Family homes is down -0.3% to $369,000 compared to a year ago, which was $370,000.
- Months' Supply of Inventory is up 35.0% to 2.7 months, an increase from 2.0 months in Q3 2022.
- Traditional Sales are down -5.1% with a median sales price of $369,200.
- Foreclosure/REO Sales are down -12.5% with 7 closed sales and a median sales price of $195,500.
- Short Sale Closings are 0.0% with 2 closed sales and a median sales price of $302,000.
A quick recap of the Brevard County Townhouses/Condos for Q3 2023:
- Closed Sales are up 1.3% for Q3 2023 in which the number of units closed was 678 compared to 669 in Q3 2022, with an increase in cash sales of 4.8%.
- New Pending Sales are down -0.6% and New Listings are up 7.9%.
- Median Sales Price for Townhomes/Condos is up 5.5% to $306,000 compared to a year ago, which was $290,000.
- Months' Supply of Inventory is up 94.7% to 3.7 months in Q3 2023 from 1.9 months in Q3 2022.
- Traditional Sales are up 0.7% with a median sales price of $309,900.
- Foreclosure/REO Sales are up 200% with a median sales price of $133,500.
- Short Sale Closings are N/A with 0 closed sales in Q3 2023 and 0 closed sales in Q3 2022.
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