A quick recap of the Brevard County Residential Report for June 2022:
Closed Sales are down -8.6% for June 2022 in which the number of units closed was 1,103 compared to 1,207 in June 2021, with an increase in cash sales of 4.5%.
New Pending Sales are down -8.6% and New Listings are up 18.9%.
The Median Sales Price for Brevard Single Family homes is up 16.2% to $367,525 compared to a year ago, which was $316,400.
Months' Supply of Inventory is up 66.7% to 1.5 months, from 0.9 months in June 2021.
Traditional Sales are down -8.3% with a median sales price of $368,140.
Foreclosure/REO Sales are down -55.6% with 4 closed sales ...