The Brevard County real estate market experienced notable trends in 2023, reflecting the dynamics of the region's housing landscape. Here's a concise overview of the annual market update for single-family homes, condos, and townhomes:

Single Family Homes:

  • Median Sales Price: $361,000
  • Number of Homes Sold: 10,396
  • Average Days on Market: 28 days
  • Months Supply of Inventory: 3.2 months

For single-family homes, the median sales price indicates a prevailing market value, standing at $361,000. A total of 10,396 homes were sold during the year. The average days on the market, a key metric for property turnover, was reported at 28 days. Additionally, the months supply of inventory, measuring the balance between supply and demand, stood at 3.2 months.

Condos and Townhomes:

  • Median Sales Price: $299,000
  • Number of Homes Sold: 2,587
  • Average Days on Market: 29 days
  • Months Supply of Inventory: 4.9 months

In the realm of condos and townhomes, the median sales price held steady at $299,000. A total of 2,587 properties were sold. The average days on the market for condos and townhomes were reported at 29 days. The months supply of inventory for this sector was 4.9 months.

Statistics produced by Florida  REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from  MlS feeds on the 15th day of the following month. Data released between the 21st -23rd of each month.