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Brevard County Housing Statistics: August 2024

By Kymberly Franklin posted 10-24-2024 15:30

  
For immediate release:
Palm Shores, FL -- August 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.
A quick recap of the Brevard County Residential Report for August 2024:
 
  • Closed Sales are down -2.6% for August 2024 in which the number of units closed was 912 compared to 936 August 2023, with a decrease in cash sales of -13.4%.
  • New Pending Sales are down -2.3% and New Listings are up 2.6%.
  • The Median Sales Price for Brevard Single Family homes is up 4.1% to $385,000 compared to a year ago, which was $370,000.
  • Months' Supply of Inventory is up 66.7% to 4.0 months, an increase from 2.4 months in August 2023.
  • Traditional Sales are down -2.8% with a median sales price of $385,000.
  • Foreclosure/REO Sales are up 100% with 4 closed sales and a median sales price of $257,500.
  • Short Sale Closings N/A with 0 closed sale and a median sales price of (No Sales.)
 
 
A quick recap of the Brevard County Townhouses/Condos for August 2024:
 
  • Closed Sales are down -24.3% for August 2024 in which the number of units closed was 187 compared to 247 in August 2023, with a decrease in cash sales of -32.2%
  • New Pending Sales are down -8.5% and New Listings are up 3.9%.
  • The Median Sales Price for Brevard Townhouses/Condos are down -16.9% to $280,000 compared to a year ago, which was $337,000.
  • Months' Supply of Inventory is up 82.9% to 6.4 months, an increase from 3.5 months in August 2023.
  • Traditional Sales are down -23.7% with a median sales price of $280,000.
  • Foreclosure/REO Sales are down -100% with 0 closed sales and a median sales price of N/A.
  • Short Sale Closings are N/A 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®

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