February 2023: Brevard County - The Space Coast Housing Market Report
A quick recap of the Brevard County Residential Report for February 2023:
- Closed Sales are down -6.9% for February 2023 in which the number of units closed was 819 compared to 880 in February 2022, with an decrease in cash sales of -17.4%.
- New Pending Sales are down -9.9% and New Listings are down -9.7%.
- The Median Sales Price for Brevard Single Family homes is up 4.2% to $349,000 compared to a year ago, which was $335,000.
- Months' Supply of Inventory is up 214.3% to 2.2 months, an increase from 0.7 months in February 2022.
- Traditional Sales are down -6.9% with a median sales price of $348,430.
- Foreclosure/REO Sales are 0.0% with 5 closed sales and a median sales price of $365,000.
- Short Sale Closings are down -100.0% with 0 closed sales and a median sales price of (no sales).
A quick recap of the Brevard County Townhouses/Condos for February 2023:
- Closed Sales are down -23.7% for February 2023 in which the number of units closed was 190 compared to 249 in February 2022, with a decrease in cash sales of -17.5%.
- New Pending Sales are down -16.6% and New Listings are up 8.3%.
- Median Sales Price for Townhomes/Condos is up 14.2% to $302,500 compared to a year ago, which was $265,000.
- Months' Supply of Inventory is up 244.4% to 3.1 months in February 2023 from 0.9 months in February 2022.
- Traditional Sales are down -23.7% with a median sales price of $302,500.
- Foreclosure/REO Sales are N/A with a median sales price of (no sales).
- Short Sale Closings are N/A with 0 closed sales in February 2023 and 0 closed sale in February 2022.
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