December 2022: Brevard County - The Space Coast Housing Market Report
A quick recap of the Brevard County Residential Report for December 2022:
• Closed Sales are down -24.4% for December 2022 in which the number of units closed was 831 compared to 1,099 in December 2021, with an decrease in cash sales of -27.5%.
• New Pending Sales are down -20.5% and New Listings are down -6.6%.
• The Median Sales Price for Brevard Single Family homes is up 8.0% to $352,540 compared to a year ago, which was $326,350.
• Months' Supply of Inventory is up 155.6% to 2.3 months, an increase from 0.9 months in December 2021.
• Traditional Sales are down -24.1% with a median sales price of $352,688. • Foreclosure/REO Sales are down -87.5% with 1 closed sale and a median sales price of $116,950.
• Short Sale Closings are N/A with 2 closed sales and a median sales price of $389,500.
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