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