Is the Real Estate Market Crashing?

Are home prices crashing, or just catching their breath? The chart below tells the real story behind what’s happening in the housing market.

This chart tracks how much U.S. home prices have gone up or down each month since the early ’90s. Blue bars mean prices went up, red bars mean they dropped.

You can clearly see the housing crash around 2008 (lots of deep red), and then the big COVID-era boom with prices shooting up fast (tall blue bars around 2021).

Lately, prices have started to flatten out a bit, some months slightly down, some up, but it’s a far cry from the crash days. Bottom line: the market is cooling, not collapsing.

And remember, prices don’t just drop or collapse coast to coast. They are local and regional.

Brevard County MLS Statistics for April 2025

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

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

Closed Sales are down -6.7% for April 2025 in which the number of units closed was 964 compared to 1,033 in April 2024, with a decrease in cash sales of -13.5%.

• New Pending Sales are down -6.7% and New Listings are down -0.7%.
• The Median Sales Price for Brevard County Single Family homes is down -2.3% to $375,000 compared to a year ago, which was $384,000.
• Months' Supply of Inventory is up 27.8% to 4.6 months, an increase from 3.6 months in April 2024.
• Traditional Sales are down -6.6% with a median sales price of $376,600.
• Foreclosure/REO Sales are down -22.2% with 7 closed sales and a median sales price of $263,006.
• Short Sale Closings are N/A with 1 closed sale and a median sales price of $650,000.

What It All Means:

Brevard’s residential housing market is cooling off after years of rapid growth. While it’s not a crash, it’s a shift toward a more balanced environment, with more inventory, slower sales, and slight pricing corrections. This could be a better time for buyers looking for more negotiating power—and a wake-up call for sellers to price realistically and be patient.

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

• Closed Sales are down -14.5% for April 2025 in which the number of units closed was 213 compared to 249 in April 2024, with a decrease in cash sales of -24.7%.
• New Pending Sales are down -27% and New Listings are down -12.3%.
• The Median Sales Price for Brevard County Townhouses/Condos is down -13.6% to $285,000 compared to a year ago, which was $330,000.
• Months' Supply of Inventory is up 44.3% to 8.8 months, an increase from 6.1 months in April 2024.
• Traditional Sales are down -14.1% with a median sales price of $285,000.
• Foreclosure/REO Sales are down -100% with 0 closed sales and a median sales price of N/A.
• Short Sale Closings are N/A with 0 closed sales and a median sales price of N/A.

What It All Means:

Brevard’s condo and townhouse market in April 2025 is cooling, with declining sales, lower prices, and rising inventory. Buyers have more options and negotiating power, while sellers may need to adjust expectations and pricing strategies.

For Buying or Selling a home contact:

JoAnn Young

Real Estate Owner / Broker

321-243-4917

JoAnn@MyFLDreamHome.com 

Brevard MLS Statistics for March 2025

Brevard County MLS Statistics for March 2025

Information derived from Florida Realtors/ Space Coast Association of Realtors

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

• Closed Sales are down -6.3% for March 2025 in which the number of units closed was 872 compared to 931 in March 2024, with a decrease in cash sales of -13.5%.
• New Pending Sales are down -1.4% and New Listings are up 1.7%.
• The Median Sales Price for Brevard County Single Family homes is down -4.4% to $362,915 compared to a year ago, which was $379,445.
• Months' Supply of Inventory is up 25.0% to 4.5 months, an increase from 3.6 months in March 2024.
• Traditional Sales are down -6.3% with a median sales price of $365,000.
• Foreclosure/REO Sales are down -14.3% with 6 closed sales and a median sales price of $186,450.
• Short Sale Closings are 0% with 2 closed sales and a median sales price of $295,000.

What It All Means:

• Sales are slowing, but the decline is gradual, not abrupt.
• Prices are starting to come down, especially in single-family homes (unlike condos, which are still up slightly).
• Inventory is rising, giving buyers more options and reducing bidding wars.
• Sellers may need to price more competitively or be flexible on terms.

The market is showing signs of cooling — fewer sales, slightly lower prices, and growing inventory. This shift may present opportunities for buyers while sellers may need to be more strategic and realistic with pricing.

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

• Closed Sales are down -19.4% for March 2025 in which the number of units closed was 191 compared to 237 in March 2024, with a decrease in cash sales of -12.2%.
• New Pending Sales are down -10.6% and New Listings are up 2.3%.
• The Median Sales Price for Brevard County Townhouses/Condos is up 3.0% to $309,000 compared to a year ago, which was $300,000.
• Months' Supply of Inventory is up 45.8% to 8.6 months, an increase from 5.9 months in March 2024.
• Traditional Sales are down -19.9% with a median sales price of $309,000.
• Foreclosure/REO Sales are 0% with 1 closed sale and a median sales price of $145,000.
• Short Sale Closings are N/A with 1 closed sale and a median sales price of $335,000.

What It All Means:

• Supply is up, demand is down, but prices are holding.
• Buyers have more negotiating power due to more inventory and slower sales.
• If this trend continues, we might see price softening in the coming months.

JoAnn Young

Owner Broker

321-243-4917

JoAnn@MyFLDreamHome.com