Brevard County Year In Review Market Update - 2021
Jenn Clements
It is amazing to think of the effect people have on your life...
It is amazing to think of the effect people have on your life...
2021 was quite the year!
Between August 2020 and August 2021, home prices across the United States and Canada rose to record levels, with the U.S. housing market rising to a record of 19.9% and the Canadian housing market rising to a record 21.4%.
2022 stands to be another strong year for sellers. If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market.
Our 2021 Year in Review market update showcases everything you need to know about local real estate trends as we head into the new year.
Brevard County 2021 Year in Review
Single Family Homes
.9 Months of Supply
- 35.7% - A decrease from 1.4 months in 2020
308K
Median Sales Price
12,581
Closed Sales
+16.9%
Difference from 2020
+9.8%
Difference from 2020
Increase in Cash Sales
48.7%
+4.7%
New Pending Sales
+2.2%
New Listings
+10.8%
Traditional Sales
-49.4%
Foreclosure Sales
-35%
Short Sales
Brevard County 2021 Year in Review
Townhouses and Condos
1.1 Months of Supply
- 54.2% - A decrease from 2.4 months in 2020
241K
Median Sales Price
3,511
Closed Sales
+14.8%
Difference from 2020
+16.8%
Difference from 2020
Increase in Cash Sales
29.6%
+14.7%
New Pending Sales
+2%
New Listings
+17%
Traditional Sales
-7.1%
Foreclosure Sales
-33.3%
Short Sales
Curious about how your home's value changed in 2021?
We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information heading into 2022.