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May 2021 Brevard County Housing Report

By Lindsey Ruschak posted 06-22-2021 07:05

  
For Immediate Release

Palm Shores, FL -- May 2021 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 Single-Family Report for May 2021:
 
  • Closed Sales are up +39.2% for May 2021 in which the number of units closed was 997 compared to 716 in May 2020, with an increase in cash sales of +124.4%.
  • New Pending Sales are down -7.6% and New Listings are down -2.1%.
  • The Median Sales Price for Brevard Single Family homes is up +16.0% to $290,000 compared to a year ago, which was $250,000.
  • Months Supply of Inventory is down -70.4% to 0.8 months, a decrease from 2.7 months in May 2020.
  • Traditional Sales are up +42.0%, with a median sales price of $290,000.
  • Foreclosure/REO Sales are down -81.3%, with 3 closed sales and a median sales price of $212,000.
  • Short Sale Closings are unchanged with 0 closed sales in May 2021 and 0 Closed sales in May 2020.
 
A quick recap of the Brevard County Townhouses & Condos Report for May 2021:
 
  • Closed Sales are up +70.7% for May 2021 in which the number of units closed was 285 compared to 167 in May 2020, with an increase in cash sales of +93.2%.
  • New Pending Sales are up +27.2% and New Listings are down -7.0%.
  • Median Sales Price for Townhouses & Condos is up +36.9% to $230,000 compared to a year ago, which was $168,000.
  • Months Supply of Inventory is down -71.4% to 1.0 months in May 2021 from 3.5 months in May 2020.
  • Traditional Sales are up +73.2%, with a median sales price of $230,000.
  • Foreclosure/REO Sales are down -66.7%, with 1 closed sales and a median sales price of $163,000.
  • Short Sale Closings are unchanged with 0 closed sales in May 2021 and 0 closed sales in May 2020.
About 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 4,500 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. We are the voice for real estate in Brevard County.
For more information, contact Lindsey Ruschak at 321-242-2211 or via email at Communciations@Space321.com
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May 2021 Brevard County Housing Report

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