Friday, April 25, 2025

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