2022 Annual: Brevard County - The Space Coast Housing Market Report

A quick recap of the Brevard County Residential Report for 2022:

• Closed Sales are down -11.9% for 2022 in which the number of units closed was 11,083 compared to 12,581 in 2021, with a decrease in cash sales of -5.1%.
• New Pending Sales are down -13.9% and New Listings are up 2.5%.
• The Median Sales Price for Brevard Single Family homes is up 16.9% to $360,000 compared to a year ago, which was $308,000.
• Months' Supply of Inventory is up 155.6% to 2.3 months, an increase from 0.9 months in 2021.
• Traditional Sales are down -11.6% with a median sales price of $360,000.
• Foreclosure/REO Sales are down -51.8% with 41 closed sales and a median sales price of $200,000.
• Short Sale Closings are 0.0% with 13 closed sales and a median sales price of $296,500.

A quick recap of the Brevard County Townhouses/Condos for 2022:

• Closed Sales are down -18.3% for 2022 in which the number of units closed was 2,867 compared to 3,511 in 2021, with a decrease in cash sales of -11.8%.
• New Pending Sales are down -25.6% and New Listings are down -5.8%.
• Median Sales Price for Townhomes/Condos is up 20.3% to $289,900 compared to a year ago, which was $241,000.
• Months' Supply of Inventory is up 145.5% to 2.7 months in 2022 from 1.1 months in 2021.
• Traditional Sales are down -18.2% with a median sales price of $290,000.
• Foreclosure/REO Sales are down -46.2% with a median sales price of $195,000.
• Short Sale Closings are down -50.0% with 1 closed sale in 2022 and 2 closed sales in 2021.