Palm Shores, FL -- March 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 March 2024:
- Closed Sales are down -9.7% for March 2024 in which the number of units closed was 931 compared to 1,031 in March 2023, with a decrease in cash sales of -9.8%.
- New Pending Sales are down -5.9% and New Listings are up 11.3%.
- The Median Sales Price for Brevard Single Family homes is up 7.3% to $379,445 compared to a year ago, which was $353,580.
- Months' Supply of Inventory is up 63.6% to 3.6 months, an increase from 2.2 months in March 2023.
- Traditional Sales are down -9.9% with a median sales price of $380,000.
- Foreclosure/REO Sales are down -12.5% with 7 closed sales and a median sales price of $230,000.
- Short Sale Closings N/A with 2 closed sales reported with a median sales price of $295,000.
A quick recap of the Brevard County Townhouses/Condos for March 2024:
- Closed Sales are down -11.9% for March 2024 in which the number of units closed was 237 compared to 269 in March 2023, with an increase in cash sales of 11.1%.
- New Pending Sales are down -8.2% and New Listings are up 17.4%.
- The Median Sales Price for Brevard Townhouses/Condos is up 7.1% to $300,000 compared to a year ago, which was $280,000.
- Months' Supply of Inventory is up 96.7% to 5.9 months, an increase from 3.0 months in March 2023.
- Traditional Sales are down -11.3% with a median sales price of $301,250.
- Foreclosure/REO Sales are down -50.0% with 1 closed sale and a median sales price of $120,000.
- Short Sale Closings are down -100% with 0 closed sales reported.