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A quick recap of the Brevard County Residential Report for January 2022:
- Closed Sales are up +6.4% for January 2022 in which the number of units closed was 770 compared to 724 in January 2021, with an increase in cash sales of +42.7%.
- New Pending Sales are down -7.7% and New Listings are down -4.5%.
- The Median Sales Price for Brevard Single Family homes is up +21.9% to $329,000 compared to a year ago, which was $270,000.
- Months' Supply of Inventory is down -33.3% to 0.8 months, a decrease from 1.2 months in January 2021.
- Traditional Sales are up +6.3% with a median sales price of $329,500.
- Foreclosure/REO Sales are 0.0% with 5 closed sales and a median sales price of $233,000.
- Short Sale Closings are up +100% with 2 closed sales and a median sales price of$158,000.
A quick recap of the Brevard County Townhouses/Condos for January 2022:
- Closed Sales are up +8.5% for January 2022 in which the number of units closed was 230 compared to 212 in January 2021, with an increase in cash sales of +18.4%.
- New Pending Sales are down -12.3% and New Listings are down -14.7%.
- Median Sales Price for Townhomes/Condos is up +15.7% to $265,000 compared to a year ago, which was $229,000.
- Months' Supply of Inventory is down -57.1% to 0.9 months in January 2022 from 2.1 months in January 2021.
- Traditional Sales are up +8.5% with a median sales price of $265,000.
- Foreclosure/REO Sales are down -100.0% with a median sales price of (no sales).
- Short Sale Closings are N/A with 1 closed sale in January 2022 and 0 closed sales in January 2021.
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