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

SINGLE FAMILY HOMES:

• Closed Sales are down -7.1% for August 2023 in which the number of units closed was 936 compared to 1,008 in August 2022, with an decrease in cash sales of -6.8%.
• New Pending Sales are down -13.7% and New Listings are down -7.0%.
• The Median Sales Price for Brevard Single Family homes is down -2.1% to $370,000 compared to a year ago, which was $377,835.
  
• Months' Supply of Inventory is up 20.0% to 2.4 months, an increase from 2.0 months in August 2022.
  
• Traditional Sales are down -7.0% with a median sales price of $370,000.
  
• Foreclosure/REO Sales are down -50.0% with 2 closed sales and a median sales price of $275,500.
  
• Short Sale Closings are N/A with 0 closed sales and a median sales price of (no sales).

TOWNHOMES AND CONDOS:

• Closed Sales are down -0.8% for August 2023 in which the number of units closed was 247 compared to 249 in August 2022, with an increase in cash sales of 2.9%.
  
• New Pending Sales are down -4.1% and New Listings are up 16.4%.
  
• Median Sales Price for Townhomes/Condos is up 20.4% to $377,000 compared to a year ago, which was $279,900.
  
• Months' Supply of Inventory is up 94.4% to 3.5 months in August 2023 from 1.8 months in August 2022.
  
• Traditional Sales are down -1.2% with a median sales price of $338,600.
  
• Foreclosure/REO Sales up 100% with a median sales price of $148,500.
  
• Short Sale Closings are N/A with 0 closed sales in August 2023 and 0 closed sales in August 2022.

GET IN TOUCH: