Brevard County Housing Market Report: August 2024

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.)