May 2023: Brevard County - The Space Coast Housing Market Report
A quick recap of the Brevard County Residential Report for May 2023:
- Closed Sales are up 0.6% for May 2023 in which the number of units closed was 1,060 compared to 1,054 in May 2022, with an decrease in cash sales of -7.5%.
- New Pending Sales are down -11.7% and New Listings are down -14.2%.
- The Median Sales Price for Brevard Single Family homes is down -0.9% to $371,450 compared to a year ago, which was $375,000.
- Months' Supply of Inventory is up 90.9% to 2.1 months, an increase from 1.1 months in May 2022.
- Traditional Sales are up 0.6% with a median sales price of $371,950.
- Foreclosure/REO Sales are up 33.3% with 4 closed sales and a median sales price of $280,000.
- 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 May 2023:
- Closed Sales are up 1.8% for May 2023 in which the number of units closed was 276 compared to 271 in May 2022, with an increase in cash sales of 2.7%.
- New Pending Sales are down -8.4% and New Listings are up 3.0%.
- Median Sales Price for Townhomes/Condos is down -1.2% to $296,500 compared to a year ago, which was $300,000.
- Months' Supply of Inventory is up 181.8% to 3.1 months in May 2023 from 1.1 months in May 2022.
- Traditional Sales are up 1.5% with a median sales price of $299,000.
- Foreclosure/REO Sales are N/A with a median sales price of $175,000.
- Short Sale Closings are N/A with 0 closed sales in May 2023 and 0 closed sales in May 2022.
________________
Lew & Tina Veltri
Veltri Group of Brevard
Brokered by lpt Realty
Our Family Helping Yours
321-341-6541
Categories
- All Blogs (125)
- Best of Brevard County (3)
- Buyer & Seller Tips (3)
- Buyers (15)
- DIY (4)
- Market Updates (17)
- NAR Settlement & Changes in Real Estate (2)
- New Construction Spotlight (Featured) (3)
- Palm Bay New Construction Communities (12)
- Seller Spotlight (Featured) (3)
- Sellers (12)
- Selling a Parent's Home (1)
- Veltri Group Buyers and Sellers (33)
- Veltri Group Events (10)
- Veltri Group LPT Realty (3)
- Video Home Tours (2)
- 🛠 New Construction Tips & Buyer Guides (3)
Recent Posts
Don’t Sell Your Home Until You See This Free Seller Strategy Guide
Why Your Home Isn’t Selling: The Real Reason Most Sellers Miss
Building with KB Homes in Gardens at Waterstone | Palm Bay New Construction
What Home Staging Is Not — 5 Costly Mistakes Sellers Make
How to Stage Your Home to Sell FAST
How to Buy a New Construction Home in 2025: 5 Steps to Do It Right
Our Buyers Chose the KB Home 2385 | Model Tour at Gardens at Waterstone, Palm Bay FL
New Homes in Cypress Bay West Tour The Glen + DR Horton Buyer Tips
Tour the Bristol Model by DR Horton at Serenoa | Cypress Bay West, Palm Bay
Build Your Dream Home in Gardens at Waterstone | KB Homes in Palm Bay, FL
Veltri Group of Brevard is a Homegrown Real Estate Sibling Team on Florida's Space Coast offering a unique, hands-on, & personalized approach to buying and selling. We work together as one, so our clients receive twice the service and double the care.