A quick recap of the Brevard County Residential Report for February 2022:
 
  • Closed Sales are down -1.0% for February 2022 in which the number of units closed was 880 compared to 889 in February 2021, with an increase in cash sales of +17.7%.
  • New Pending Sales are down -6.8% and New Listings are down -2.1%.
  • The Median Sales Price for Brevard Single Family homes is up +22.0% to $335,000 compared to a year ago, which was $274,500.
  • Months' Supply of Inventory is down -30.0% to 0.7 months, a decrease from 1.0 months in February 2021.
  • Traditional Sales are down -0.6% with a median sales price of $335,000.
  • Foreclosure/REO Sales are -16.7% with 5 closed sales and a median sales price of $200,000.
  • Short Sale Closings are down -75.0% with 1 closed sale and a median sales price of$340,000.
 
A quick recap of the Brevard County Townhouses/Condos for February 2022:
 
  • Closed Sales are down -7.4% for February 2022 in which the number of units closed was 249 compared to 269 in February 2021, with a decrease in cash sales of -12.4%.
  • New Pending Sales are down -21.1% and New Listings are down -14.2%.
  • Median Sales Price for Townhomes/Condos is up +29.3% to $265,000 compared to a year ago, which was $205,000.
  • Months' Supply of Inventory is down -50.0% to 0.9 months in February 2022 from 1.8 months in February 2021.
  • Traditional Sales are down -7.4% with a median sales price of $265,000.
  • Foreclosure/REO Sales are N/A with a median sales price of (no sales).
  • Short Sale Closings are N/A with 0 closed sales in February 2022 and 0 closed sales in February 2021.