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Brevard County Housing Statistics: 2023 October

By Kymberly Franklin posted 11-20-2023 17:30

  

Palm Shores, FL -- October 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.

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 October 2023:

  • Closed Sales are down -11.6% for October 2023 in which the number of units closed was 770 compared to 871 in October 2022, with an decrease in cash sales of 6.5%.
  • New Pending Sales are up 14.5% and New Listings are up 4.8%.
  • The Median Sales Price for Brevard Single Family homes is down -1.0% to $360,000 compared to a year ago, which was $363,500.
  • Months' Supply of Inventory is up 30.4% to 3.0 months, an increase from 2.3 months in October 2022.
  • Traditional Sales down -11.6% with a median sales price of $360,000.
  • Foreclosure/REO Sales are up 25% with 5 closed sales and a median sales price of $150,000.
  • 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 October 2023:

  • Closed Sales are 0.0% for October 2023 in which the number of units closed was 193 compared to 193 in October 2022, with an decrease in cash sales of 6.6%.
  • New Pending Sales are down -3.9% and New Listings are up 30.9%.
  • The Median Sales Price for Brevard Single Family homes is down -7.7% to $300,000 compared to a year ago, which was $325,000.
  • Months' Supply of Inventory is up 104.8% to 4.3 months, an increase from 2.1 months in October 2022.
  • Traditional Sales are 0.5% with a median sales price of $300,000.
  • Foreclosure/REO Sales are down -100% with 0 closed sales and a median sales price of (no sales.)
  • Short Sale Closings are N/A with 0 closed sales and a median sales price of (no sales.)
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