2023 JUNE HOUSING STATISTICS

A quick recap of the Brevard County Residential Report for June 2023:
Closed Sales are down -7.7% for June 2023 in which the number of units closed was 1,018 compared to 1,103 in June 2022, with an decrease in cash sales of -13.2%.
New Pending Sales are down -6.6% and New Listings are down -23.7%.
The Median Sales Price for Brevard Single Family homes is down -0.7% to $365,000 compared to a year ago, which was $367,525.
Months’ Supply of Inventory is up 46.7% to 2.2 months, an increase from 1.5 months in June 2022.
Traditional Sales are down -7.8% with a median sales price of $365,000.
Foreclosure/REO Sales are up 50% with 6 closed sales and a median sales price of $172,500.
Short Sale Closings are down -100.0% with 0 closed sales and a median sales price of (no sales).
A quick recap of the Brevard County Townhouses/Condos for June 2023:
Closed Sales are down -12.1% for June 2023 in which the number of units closed was 248 compared to 282 in June 2022, with an decrease in cash sales of -11.3%.
New Pending Sales are up 2.8% and New Listings are down -15.5%.
Median Sales Price for Townhomes/Condos is up 5.9% to $301,950 compared to a year ago, which was $285,000.
Months’ Supply of Inventory is up 113.3% to 3.2 months in June 2023 from 1.5 months in June 2022.
Traditional Sales are down -11.7% with a median sales price of $301,950.
Foreclosure/REO Sales down -100% with a median sales price of (no sales).
Short Sale Closings are N/A with 0 closed sales in June 2023 and 0 closed sales in June 2022.

Source: https://members.spacecoastmls.com/blogs/kymberly-franklin/2023/07/19/2023-june-brevard-county-housing-statistics