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

• Closed Sales are down -11.6% for October 2023 in which the number of units closed was 770 compared to 871 in October 2022, with an decrease in cash sales of 6.5%.
• New Pending Sales are up 14.5% and New Listings are up 4.8%.
• The Median Sales Price for Brevard Single Family homes is down -1.0% to $360,000 compared to a year ago, which was $363,500.
• Months' Supply of Inventory is up 30.4% to 3.0 months, an increase from 2.3 months in October 2022.
• Traditional Sales down -11.6% with a median sales price of $360,000.
• Foreclosure/REO Sales are up 25% with 5 closed sales and a median sales price of $150,000.
• Short Sale Closings are down -100.0% with 0 closed sales and a median sales price of (no sales.)

TOWNHOMES AND CONDOS:

• Closed Sales are 0.0% for October 2023 in which the number of units closed was 193 compared to 193 in October 2022, with an decrease in cash sales of 6.6%.
• New Pending Sales are down -3.9% and New Listings are up 30.9%.
• The Median Sales Price for Brevard Single Family homes is down -7.7% to $300,000 compared to a year ago, which was $325,000.
• Months' Supply of Inventory is up 104.8% to 4.3 months, an increase from 2.1 months in October 2022.
• Traditional Sales are 0.5% with a median sales price of $300,000.
• Foreclosure/REO Sales are down -100% with 0 closed sales and a median sales price of (no sales.)
• Short Sale Closings are N/A with 0 closed sales and a median sales price of (no sales.)

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