For immediate release:
Brevard County Housing Statistics for January 2024
Palm Shores, FL -- January 2024 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 January 2024:
- Closed Sales are down -6.4% for January 2024 in which the number of units closed was 581 compared to 621 in January 2023, with a decrease in cash sales of -3.0%.
- New Pending Sales are down -5.7% and New Listings are up 14.8%.
- The Median Sales Price for Brevard Single Family homes is up 6.0% to $371,583 compared to a year ago, which was $350,540.
- Months' Supply of Inventory is up 47.8% to 3.4 months, an increase from 2.3 months in January 2023.
- Traditional Sales are down -6.8% with a median sales price of $373,888.
- Foreclosure/REO Sales are reported the same as January 2023 with 0% change and with 6 closed sales year over year. A median sales price was reported of $238,050.
- Short Sale Closings N/A with 2 closed sales and a median sales price of $328,250
A quick recap of the Brevard County Townhouses/Condos for January 2024:
- Closed Sales are down -10.8% for January 2024 in which the number of units closed was 132 compared to 148 in January 2023, with an decrease in cash sales of -25.5%.
- New Pending Sales are down -18.3% and New Listings are up 20.4%.
- The Median Sales Price for Brevard Townhouses/Condos is down -5.6% to $283,100 compared to a year ago, which was $300,000.
- Months' Supply of Inventory is up 74.2% to 5.4 months, an increase from 3.1 months in January 2023.
- Traditional Sales are down -10.8% with a median sales price of $283,100.
- Foreclosure/REO Sales are N/A with 0 closed sales reported.
- Short Sale Closings are N/A with 0 closed sales reported
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Kymi Franklin
Communications Director
Space Coast Association of REALTORS®