A quick recap of the Brevard County Residential Report for Q1 2021:
  • Closed Sales are up +17.5% for Q1 2021 in which the number of units closed was 2,677 compared to 2,279 in Q1 2020, with an increase in cash sales of +23.7%.
  • New Pending Sales are up +14.4% and New Listings are down -8.7%.
  • The Median Sales Price for Brevard Single Family homes is up +9.1% to $275,000 compared to a year ago, which was $252,000.
  • Months Supply of Inventory is down -66.7% to 0.9 months, a decrease from 2.7 months in Q1 2020.
  • Traditional Sales are up +19.9%, with a median sales price of $275,000.
  • Foreclosure/REO Sales are down -78.9%, with 12 closed sales and a median sales price of $220,000.
  • Short Sale Closings are up +33.3% with 8 closed sales and a median sales price of $220,000.
A quick recap of the Brevard County Townhouses/Condos for Q1 2021:
  • Closed Sales are up +23.8% for Q1 2021 in which the number of units closed was 826 compared to 667 in Q1 2020, with an increase in cash sales of +30.4%.
  • New Pending Sales are up +40.5% and New Listings are up +2.0%.
  • Median Sales Price for Townhomes/Condos is up +13.5% to $219,000 compared to a year ago, which was $193,000.
  • Months Supply of Inventory is down -62.9% to 1.3 months in Q1 2021 from 3.5 months in Q1 2020.
  • Traditional Sales are up +24.4%, with a median sales price of $218,500.
  • Foreclosure/REO Sales are down -75.0%, with a median sales price of $580,000.
  • Short Sale Closings are unchanged with 0 closed sales in Q1 2021 and 0 closed sales in Q1 2020.