A quick recap of the Brevard County Residential Report for March 2022:
  • Closed Sales are down -7.5% for March 2022 in which the number of units closed was 1,091 compared to 1,179 in March 2021, with an increase in cash sales of +9.3%.
  • New Pending Sales are down -0.2% and New Listings are up 9.6%.
  • The Median Sales Price for Brevard Single Family homes is up +22.9% to $350,000 compared to a year ago, which was $284,900.
  • Months' Supply of Inventory is down -22.2% to 0.7 months, a decrease from 0.9 months in March 2021.
  • Traditional Sales are down -7.6% with a median sales price of $350,000.
  • Foreclosure/REO Sales are +25.0% with 5 closed sales and a median sales price of $246,500.
  • Short Sale Closings are 0.0with 1 closed sale and a median sales price of $827,500.
A quick recap of the Brevard County Townhouses/Condos for March 2022:
  • Closed Sales are down -27.4% for March 2022 in which the number of units closed was 292 compared to 402 in March 2021, with a decrease in cash sales of -23.5%.
  • New Pending Sales are down -25.1% and New Listings are down -8.9%.
  • Median Sales Price for Townhomes/Condos is up +29.3% to $291,000 compared to a year ago, which was $225,000.
  • Months' Supply of Inventory is down -28.6% to 1.0 months in March 2022 from 1.4 months in March 2021.
  • Traditional Sales are down -27.6% with a median sales price of $292,000.
  • Foreclosure/REO Sales are N/A with a median sales price of $111,125 and 1 closed sale.
  • Short Sale Closings are N/A with 0 closed sales in March 2022 and 0 closed sales in March 2021.