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

How to Sell Your Home Fast in 6 Easy Steps

 How to Sell Your Home Fast in 6 Easy Steps

(Some excerpts derived from Homes.com and NAR)

Step 1: Price Your Home Accurately

Pricing your home correctly is the most important step to get your home off the market and sold fast. 

People tend to overprice their homes in the beginning because of sentiment, or they’ve made a few costly repairs, but an overpriced home will stay on the market much longer or possibly not sell at all.

Here are a few key strategies to keep you from underpricing or overpricing your home:

• Know your home’s value: Consult with your real estate agent: Your agent can review homes in the multiple listing service and perform a comparative market analysis to help you set the best price.
• Get an appraisal before you list: Only 26% of buyers nationally are cash buyers.  If a buyer plans to finance, their lender will require an appraisal before issuing a loan. A pre-listing appraisal can help ensure that your sale will not be delayed due to an appraisal gap, where the house is valued at less than the agreed-upon sale price.  You will most likely re-negotiate the contract or your buyer will walk away form the transaction if this happens.

Step 2: Maximize Your Home’s Curb Appeal

First impressions matter. 95% of buyer's home searches start online before consulting a Realtor, so your home needs to stand out. Sprucing up the exterior and adding color is one way to do accomplish this. According to a National Association of Realtors (NAR) report, 92% of real estate agents recommend improving curb appeal before listing a home. 

Sellers can expect to fully recover the cost of certain outdoor remodeling projects when it’s time to sell. NAR reports that maintaining or upgrading your landscaping can deliver a 100% return on investment, while a standard lawn care service can deliver a 217% cost recovery when it’s time to sell.  If you want to boost your home’s curb appeal, here are some low-cost improvements that can make a big impact:

• Planting flowers, shaping hedges and adding fresh mulch.
• Repainting the front door.
• Replacing outdated fixtures such as the mailbox or house number.
• Power washing paved surfaces and your home’s exterior. 
• 

Step 3: Stage Your Home to Attract Buyers

Staging your home helps maximize appeal by highlighting the best features of your floor plan and minimizing potential flaws. This allows potential buyers to visualize themselves in the space. 

If a house is a bit more cluttered or tired looking, staging makes a huge difference. Potential buyers will be able to envision a cleaner look.  According to NAR, 81% of buyer’s agents in 2023 said staging helped buyers picture themselves living in a new home. Whether you go the DIY route or hire professionals, here are some basics to create that ‘WOW’ factor:

• Declutter: 96% of Realtors recommend decluttering your home during the staging process. Remove excess furniture, exercise equipment, children’s toys and pet crates. Organize your closets to highlight the available storage.  
• Deep clean: 88% of agents recommend cleaning the whole home. Have the carpets, floors, baseboards, bathrooms and appliances cleaned.
• Repair: 72% of agents recommend small repairs. Make small upgrades to the bathrooms and kitchen, replace doorknobs and light fixtures and repair wall cracks.
• Depersonalize: 65% of agents stress the importance of depersonalizing your space. Clear out family photos and mementos. Decorate with neutral colors like white or beige linen.
• Paint: Among the agents surveyed, 58% recommend paint touch-ups, and 57% suggest repainting interior walls. Touch up the paint throughout so that your walls look their best. If you’ve chosen bold colors for certain rooms, consider repainting them in a light, neutral tone.
• 

Step 4: Market Your Home for a Quick Sale 

An effective marketing strategy creates a sense of urgency, increases visibility and attracts more offers – all of which can lead to a faster home sale. 

Peak buying season is April through June, so listing during that time frame can help you realize the quickest home sale. Still, there are three key ways that you can promote your home, regardless of when you decide to sell. 

• Open houses: Host open houses so prospective buyers can view your home in person. Turn lights on in every room, display fresh cut flowers or a bowl of fresh fruit, a scented candle or essential oil infuser, Fresh baked goods - appealing to all of the senses and make it inviting.
• Online platforms: Maximize your exposure by helping your Realtor share your listing on social media sites and with local neighborhood groups.
• Neighborhood/local channels: Community bulletin boards and newsletters are a free, effective way to increase exposure. 

• Step 5: Be Flexible with Showings

  A well-marketed home generates interest, but allowing buyers to experience the space in person can seal the deal. Since buyers want to see homes on their schedules, being flexible with showings can increase your chances of selling quickly. Have as much access as possible.

  Provide availability on evenings and weekends, and do your best to make your home available on short notice for potential buyers. Keep your home show-ready at all times.

Step 6: Respond Quickly to Offers 

Swift and clear communication can be the difference between closing the deal and a potential buyer losing interest. Quick responses, even to lower offers, can speed up the process and show a willingness to work with buyers. Be as open to negotiation and flexible with closing dates as possible to keep the process moving toward a quick sale. 

Finally, on Selling a Fast Home Sale

Selling your home fast comes down to putting your best foot forward when you take steps to price, prepare and market your property. Working with an experienced real estate agent such as JoAnn Young is also key to navigating the process. With these tips, you can maximize the odds for a swift and successful sale. 

Contact JoAnn Young to list & sell your home!

321-243-4917

JoAnn@MyFLDreamHome.com

For Sale! 332 Pinto Ln. Palm Bay, FL 32909

 Exquisite Custom Built Home Less Than a Year Old on 2.86 Acres!

332 Pinto Ln, Palm Bay, FL 32909

Built by Stanley Homes in April 2024

$925,000

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BRAND NEW Luxury Custom Home completed Mid-2024 in a quiet, one-of-a-kind Equestrian community! No waiting for your new home to be built on nearly 3 peaceful acres offering private country style living in a growing location. Build your barn & bring your horses! 4 bedroom, 3 bath, with a Study/Den, 3- Car Garage.

 Spacious & open floor plan with soaring ceilings, Modern Quartz and stainless steel kitchen, flat panel 42'' cabinets, breakfast bar, nook area, multiple trey ceilings, floor to ceiling bath tile, zebra and plantation blinds, alarm system, covered back porch patio, fully pavered driveway, irrigation system, upgraded water softening system.

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See This Virtural Tour!

HOA Amenities

Tennis / Basketball / Pickle Ball Courts, Clubhouse, Picnic Area, Horse Arena & Riding Pen, Horse Riding Trails - Low HOA fee of $230 annually

Call JoAnn Young to make your appointment today!

321-243-4917

Email me here: JoAnn@MyFLDreamHome.com

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