Brevard County MLS Statistics for September 2025

 A quick recap of the Brevard County Residential Report for September 2025:

*Information provided by the Space Coast Association of Realtors and the Florida Association of Realtors.

• Closed Sales are up 12.6% for September 2025 in which the number of units closed was 839 compared to 745 in September 2024, with an increase in cash sales of 20%.
• New Pending Sales are up 5.3% and New Listings are up 0.7%.
• The Median Sales Price for Brevard County Single Family homes is down -1.8% to $378,000 compared to a year ago, which was $385,000.
• Months' Supply of Inventory is up 7.3% to 4.4 months, an increase from 4.1 months in September 2024.
• Traditional Sales are up 12% with a median sales price of $379,500.
• Foreclosure/REO Sales are up 166.7% with 8 closed sales and a median sales price of $336,500.
• Short Sale Closings are 0% with 1 closed sale and a median sales price of $245,000.

What this means:

The Brevard County residential housing market in September 2025 showed solid activity, with more homes closing compared to last year and a notable increase in cash sales. While new pending sales and new listings were only slightly higher, the market is active and moving. Median home prices dipped slightly, indicating that while homes are selling, prices are relatively stable rather than rising. Inventory has increased modestly, giving buyers slightly more options without creating an oversupply. Traditional home sales remain strong, foreclosures are up significantly though still limited in number, and short sales are minimal. Overall, the market reflects healthy buyer and seller activity with steady pricing and a balanced inventory.

A quick recap of the Brevard County Townhouses/Condos for September 2025:

• Closed Sales are down -10.1% for September 2025 in which the number of units closed was 161 compared to 179 in September 2024, with an increase in cash sales of 2.3%.
• New Pending Sales are up 2.3% and New Listings are down -3.1%.
• The Median Sales Price for Brevard County Townhouses/Condos is down -12.8% to $255,000 compared to a year ago, which was $292,500.
• Months' Supply of Inventory is up 18.8% to 7.6 months, an increase from 6.4 months in September 2024.
• Traditional Sales are down -11.2% with a median sales price of $255,000.
• Foreclosure/REO Sales are N/A with 1 closed sale and a median sales price of $135,000.
• Short Sale Closings are N/A with 1 closed sale and a median sales price of $300,000.

What It All Means:

The Brevard County townhouse and condo market showed a slowdown in September 2025, with fewer closed sales compared to last year despite a slight increase in cash transactions. New pending sales saw a small rise, while new listings decreased slightly, indicating less inventory coming to market. Median sales prices dropped noticeably, suggesting that properties are selling for less than a year ago. Inventory levels have increased, giving buyers more options and indicating that homes are staying on the market longer. Traditional sales declined, and foreclosure and short sale activity remained minimal. Overall, the market reflects reduced sales activity, softer prices, and a higher supply, giving buyers more negotiating power.

JoAnn Young

Florida Real Estate Broker

321-243-4917

22 years Real Estate / 30 years Mortgage Experience

JoAnn@MyFLDreamHome.com

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.