April 2023: Brevard County - The Space Coast Housing Market Report

A quick recap of the Brevard County Residential Report for April 2023:

• Closed Sales are down -5.5% for April 2023 in which the number of units closed was 978 compared to 1,035 in April 2022, with an decrease in cash sales of -27.5%.
• New Pending Sales are up 6.7% and New Listings are down -10.3%.
• The Median Sales Price for Brevard Single Family homes is 0.0% to $360,000 compared to a year ago, which was $360,000.
• Months' Supply of Inventory is up 133.3% to 2.1 months, an increase from 0.9 months in April 2022.
• Traditional Sales are down -5.9% with a median sales price of $360,000.
• Foreclosure/REO Sales are up 66.7% with 5 closed sales and a median sales price of $215,000.
• Short Sale Closings are up 200.0% with 3 closed sales and a median sales price of $650,000.

A quick recap of the Brevard County Townhouses/Condos for April 2023:

• Closed Sales are down -17.0% for April 2023 in which the number of units closed was 254 compared to 306 in April 2022, with a decrease in cash sales of -29.4%.
• New Pending Sales are down -10.4% and New Listings are down -8.7%.
• Median Sales Price for Townhomes/Condos is up 4.0% to $300,000 compared to a year ago, which was $288,350.
• Months' Supply of Inventory is up 163.6% to 2.9 months in April 2023 from 1.1 months in April 2022.
• Traditional Sales are down -17.0% with a median sales price of $300,000.
• Foreclosure/REO Sales are N/A with a median sales price of (no sales.)
• Short Sale Closings are N/A with (no sales) in April 2023 and (no sales) in April 2022.