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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...

Jan 22 2 minutes read

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.

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