A quick recap of the Brevard County Residential Report for Q4 2022:
 
  • Closed Sales are down -25.6% for Q4 2022 in which the number of units closed was 2,373 compared to 3,188 in Q4 2021, with an decrease in cash sales of -32.8%.
  • New Pending Sales are down -31.4% and New Listings are down -7.1%.
  • The Median Sales Price for Brevard Single Family homes is up 10.1% to $357,813 compared to a year ago, which was $325,000.
  • Months Supply of Inventory is up 155.6% to 2.3 months, an increase from 0.9 months in Q4 2021.
  • Traditional Sales are down -25.4% with a median sales price of $358,688.
  • Foreclosure/REO Sales are down -57.9% with 8 closed sales and a median sales price of $165,307.
  • Short Sale Closings are up 33.3% with 4 closed sales and a median sales price of $329,000.
 
A quick recap of the Brevard County Townhouses/Condos for Q4 2022:
 
  • Closed Sales are down -31.2% for Q4 2022 in which the number of units closed was 568 compared to 825 in Q4 2021, with a decrease in cash sales of -24.6%.
  • New Pending Sales are down -43.8% and New Listings are up 2.4%.
  • Median Sales Price for Townhomes/Condos is up 21.4% to $306,000 compared to a year ago, which was $252,000.
  • Months' Supply of Inventory is up 145.5% to 2.7 months in Q4 2022 from 1.1 months in Q4 2021.
  • Traditional Sales are down -31.3% with a median sales price of $307,700.
  • Foreclosure/REO Sales are up 50.0% with a median sales price of $255,000.
  • Short Sale Closings are N/A with 0 closed sales in Q4 2022 and 0 closed sales in Q4 2021.