Palm Shores, FL -- December, Q4 and Annual 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 December 2023:
- Closed Sales are down -19.5% for December 2023 in which the number of units closed was 669 compared to 831 in December 2022, with a decrease in cash sales of -9.7%.
- New Pending Sales are down -13.0% and New Listings are up 8.4%.
- The Median Sales Price for Brevard Single Family homes is up 5.0% to $370,000 compared to a year ago, which was $352,540.
- Months' Supply of Inventory is up 39.1% to 3.2 months, an increase from 2.3 months in December 2022.
- Traditional Sales are down -19.4% with a median sales price of $370,000.
- Foreclosure/REO Sales are up 100% with 2 closed sales and a median sales price of $263,750.
- Short Sale Closings down -100% with 0 closed sales and a median sales price of (no sales.)
A quick recap of the Brevard County Townhouses/Condos for December 2023:
- Closed Sales are down -25.4% for December 2023 in which the number of units closed was 159 compared to 213 in December 2022, with an decrease in cash sales of -25.4%.
- New Pending Sales are down -5.5% and New Listings are down -15.3%.
- The Median Sales Price for Brevard Single Family homes is down -4.0% to $291,000 compared to a year ago, which was $303,000.
- Months' Supply of Inventory is up 81.5% to 4.9 months, an increase from 2.7 months in December 2022.
- Traditional Sales are down -25.0% with a median sales price of $291,000.
- 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.)
A quick recap of the Brevard County Residential Report for Q4 2023:
- Closed Sales are down -5.9% for Q4 2023 in which the number of units closed was 2,234 compared to 2,373 in Q4 2022, with an increase in cash sales of 11.9%.
- New Pending Sales are 2.6% and New Listings are up 8.9%.
- The Median Sales Price for Brevard Single Family homes is up 2.0% to $365,000 compared to a year ago, which was $357,813.
- Months' Supply of Inventory is up 39.1% to 3.2 months, an increase from 2.3 months in Q4 2022.
- Traditional Sales are down -5.8% with a median sales price of $365,000.
- Foreclosure/REO Sales are 25.0% with 10 closed sales and a median sales price of $271,000.
- Short Sale Closings are down -75.0% with 1 closed sale and a median sales price of $455,000.
A quick recap of the Brevard County Townhouses/Condos for Q4 2023:
- Closed Sales are down -7.7% for Q4 2023 in which the number of units closed was 524 compared to 568 in Q4 2022, with an increase in cash sales of 1.9%.
- New Pending Sales are up 4.2% and New Listings are up 17.1%.
- The Median Sales Price for Brevard Single Family homes is down -3.6% to $295,000 compared to a year ago, which was $306,000.
- Months' Supply of Inventory is up 81.5% to 4.9 months, an increase from 2.7 months in Q4 2022.
- Traditional Sales are down -7.3% with a median sales price of $295,000.
- 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.)
A quick recap of the Brevard County Residential Report for Annual 2023:
- Closed Sales are down -6.2% for Annual 2023 in which the number of units closed was 10,396 compared to 11,083 in Annual 2022, with a decrease in cash sales of -8.9%.
- New Pending Sales are -5.0% and New Listings are down -4.0%.
- The Median Sales Price for Brevard Single Family homes is up 0.3% to $361,000 compared to a year ago, which was $360,000.
- Months' Supply of Inventory is up 39.1% to 3.2 months, an increase from 2.3 months in Annual 2022.
- Traditional Sales are down -6.3% with a median sales price of $362,000.
- Foreclosure/REO Sales are 24.4% with 51 closed sales and a median sales price of $227,800.
- Short Sale Closings are down -53.8% with 6 closed sales and a median sales price of $455,000.
A quick recap of the Brevard County Townhouses/Condos for Annual 2023:
- Closed Sales are down -9.8% for Annual 2023 in which the number of units closed was 2,587 compared to 2,867 in Annual 2022, with a decrease in cash sales of -6.3%.
- New Pending Sales are down -5.9% and New Listings are up 6.8%.
- The Median Sales Price for Brevard Single Family homes is up 3.1% to $299,000 compared to a year ago, which was $289,900.
- Months' Supply of Inventory is up 81.5% to 4.9 months, an increase from 2.7 months in Annual 2022.
- Traditional Sales are down -9.9% with a median sales price of $299,700.
- Foreclosure/REO Sales are up 28.6% with 9 closed sales and a median sales price of $145,000
- Short Sale Closings are 0.0% with 1 closed sale and a median sales price of $375,000.