Brevard County MLS Statistics for August 2025

 Brevard County MLS Statistics for August 2025

Data provided by Space Coast Association of Realtors and Florida Association of Realtors

A quick recap of the Brevard County Residential Report for August 2025: Closed Sales are down -2.4% for August 2025 in which the number of units closed was 890 compared to 912 in August 2024, with an increase in cash sales of 15.5%. New Pending Sales are up 2.6% and New Listings are down -5.8%. The Median Sales Price for Brevard County Single Family homes is -4.0% to $369,715 compared to a year ago, which was $385,000. Months' Supply of Inventory is up 12.5% to 4.5 months, an increase from 4.0 months in August 2024. Traditional Sales are down -3.2% with a median sales price of $370,000. Foreclosure/REO Sales are up 25.0% with 5 closed sales and a median sales price of $335,000. Short Sale Closings are N/A with 6 closed sales and a median sales price of $280,205. What this means: In Brevard County, the housing market in August 2025 shows a slight shift. Fewer homes closed compared to last year, but pending sales are up, meaning buyers are still actively shopping. The median home price has dipped slightly to $369,715, giving buyers a bit more breathing room. Inventory has increased, offering more options, while cash buyers and investors remain active. Foreclosures and short sales are limited but may present opportunities for those looking for bargains. Overall, buyers have more choices and potential negotiating power, while sellers may need to price strategically in this evolving market. A quick recap of the Brevard County Townhouses/Condos for August 2025: Closed Sales are up 3.2% for August 2025 in which the number of units closed was 193 compared to 187 in August 2024, with an increase in cash sales of 14.4%. New Pending Sales are down -10.7% and New Listings are down -11.2%. The Median Sales Price for Brevard County Townhouses/Condos is down -5.4% to $265,000 compared to a year ago, which was $280,000. Months' Supply of Inventory is up 25.0% to 8.0 months, an increase from 6.4 months in August 2024. Traditional Sales are up 2.7% with a median sales price of $267,500. Foreclosure/REO Sales are N/A with 1 closed sale and a median sales price of $86,000. Short Sale Closings are N/A with 0 closed sales and a median sales price of (no sales) What It All Means: In Brevard County, the townhouse and condo market saw some interesting trends in August 2025. Closed sales increased slightly to 193 units, and cash sales were up 14.4%, showing continued interest from buyers who can move quickly. However, new pending sales and new listings both declined, suggesting fewer homes are coming to market and fewer contracts are being written. The median sales price dropped to $265,000, giving buyers some room to negotiate. Inventory rose to 8 months, meaning more choices for buyers and a slower market pace. Traditional sales saw modest growth, while foreclosures and short sales remain rare, with only one foreclosure closing.                                                     JoAnn Young                                                FL Real Estate Broker                                                     321-243-4917                                         JoAnn@MyFLDreamHome.com

Why You Should Never Pass on an Inspection!

Why you Should Never Pass on an Inspection

During a time when properties were in high demand and multiple offers were presented on properties, buyers were skipping the inspection period.  In my real estate career of nearly 30 years, I do not cease to stress to a buyer to hire an inspector.  Occassionally, a buyer will want to skip the inspection process on a "well-maintained" property or skim on the closing expenses  It is my intent in my representation to follow through with an inspection.  Why?

1.   Any due diligence or knowledge you need in order to make a decision on a property is gained through an inspection. Much is uncovered that even an owner of the property may not know.

The Florida contract places the seller with disclosing all known facts regarding the property and the due diligence is on the buyer to discover any additional inadequecies.   In most transactions, a seller disclosure on the FARBAR form will be provided by the listing agent.  If not, ask for seller disclosures for the property.  Many times a seller may not know of a maintenance item or needed repair.  Such as a roof, plumbing or electrical issue is they are not readily seen.  

When I sold my own home several years ago, it was discovered that the alcove over the front porch had rotted wood under the shingles.  It was in an area of the roof or attic that was not easily accessible nor was it showing any distress or leaks.  The home inspector did not miss it though!  It was quickly repaired and the contract was able to move forward.

2.  For financial reasons - You may be expecting smooth sailing when you purchase a property and then the bottom falls out.  A repair costing thousands of dollars is discovered and can lead to draining your bank account or not being able to take that dream vacation.  

3. Once the ink is dry on the closing paperwork, there is virtually no recourse unless a buyer can prove the seller intentionally did not disclose the defect.  The property is yours with all the perks and maintenance and repairs that come with it.  

4.  

New Listing! 406 School Rd. #59 Indian Harbour Beach, FL 32937

2/2 Condo for Sale in 55+ Community  $205,000 - September 2025

406 School Rd #59, Indian Harbour Beach, FL  32937

Live within walking distance to the beach in this 55+ Community Jewel!  Perfect for Snowbirding or Affordable Year Round Living.  The Unit features 2 Bedrooms and 2 Full Baths.  Enjoy breakfast and beautiful sunsets in the Enclosed Porch area, an End Unit just steps to the Community Pool, Shuffleboard Court, Furnished, Well-maintained and Landscaped grounds, Tankless Hot Water Heater, New AC 2024 and New Electrical Panel.  

Make this Tropical Beachside Dream a Reality today!

Call Real Estate Broker JoAnn Young

321-243-4917