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

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

• Closed Sales are down -19.4% for January 2023 in which the number of units closed was 621 compared to 770 in January 2022, with an decrease in cash sales of -30.7%.
• New Pending Sales are down -8.8% and New Listings are up 11.2%.
• The Median Sales Price for Brevard Single Family homes is up 6.5% to $350,540 compared to a year ago, which was $329,000.
• Months' Supply of Inventory is up 187.5% to 2.3 months, an increase from 0.8 months in January 2022.
• Traditional Sales are down -19.4% with a median sales price of $352,540.
• Foreclosure/REO Sales are up 20.0% with 6 closed sales and a median sales price of $247,125.
• 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 January 2023:

• Closed Sales are down -35.7% for January 2023 in which the number of units closed was 148 compared to 230 in January 2022, with a decrease in cash sales of -19.7%.
• New Pending Sales are down -26.5% and New Listings are up 16.9%.
• Median Sales Price for Townhomes/Condos is up 13.2% to $300,000 compared to a year ago, which was $265,000.
• Months' Supply of Inventory is up 244.4% to 3.1 months in January 2023 from 0.9 months in January 2022.
• Traditional Sales are down -35.4% 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 down -100% with 0 closed sales in January 2023 and 1 closed sale in January 2022.