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

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

• Closed Sales are down -32.3% for November 2022 in which the number of units closed was 671 compared to 991 in November 2021, with a decrease in cash sales of -36.3%.
• New Pending Sales are down -37.1% and New Listings are down -12.9%.
• The Median Sales Price for Brevard Single Family homes is up 9.8% to $355,000 compared to a year ago, which was $323,333.
• Months' Supply of Inventory is up 166.7% to 2.4 months, from 0.9 months in November 2021.
• Traditional Sales are down -31.9% with a median sales price of $355,020.
• Foreclosure/REO Sales are down -66.7% with 3 closed sales and a median sales price of $191,150.
• Short Sale Closings are down -100.0% with 0 closed sales and a median sales price of (N/A).

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

• Closed Sales are down -37.5% for November 2022 in which the number of units closed was 162 compared to 259 in November 2021, with a decrease in cash sales of -35.3%.
• New Pending Sales are down -47.2% and New Listings are down -15.3%.
• Median Sales Price for Townhomes/Condos is up 20.4% to $289,950 compared to a year ago, which was $240,800.
• Months' Supply of Inventory is up 84.6% to 2.4 months in November 2022 from 1.3 months in November 2021.
• Traditional Sales are down -37.4% with a median sales price of $290,000.
• Foreclosure/REO Sales are down -50.0% with a median sales price of $95,000 and 1 closed sale.
• Short Sale Closings are N/A with 0 closed sales in November 2022 and 0 closed sales in November 2021.