For Immediate Release:
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.
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About the Space Coast Association of REALTORS®
Since 1959, the Space Coast Association of REALTORS® has been a professional trade association that provides services to our local REALTOR® community. Our membership base is comprised of more than 5,500 REALTORS® and Business Partner members that service Brevard County and adhere to a strict Code of Ethics when working with one another and the general public. The Space Coast Association of REALTORS® takes an active part in community programs and pursues projects our members support to further real estate interests. The protection of private property rights is always our top priority.
Association Vision: Space Coast Association of REALTORS® is the trusted voice of real estate in our community.
Association Mission: Space Coast Association of REALTORS® exists to support our members’ success as real estate professionals while advocating for private property rights and the ethical practice of real estate.
Values: Membership // Professionalism // Leadership // Advocacy // Outreach
Kymi Franklin
Communications Director
Space Coast Association of REALTORS®
2950 Pineda Plaza Way Palm Shores FL 32940
Main (321) 242-2211 | Fax (321) 255-7669
www.SpaceCoastMLS.com
The Voice of Real Estate in Brevard®