Brevard County, FL MLS Staistics for May 2025
Information provided by the Space Coast Association of Realtors and the Florida Association of Realtors
A quick recap of the Brevard County Residential Report for May 2025:
- Closed Sales are down -1.4% for May 2025 in which the number of units closed was 1,056 compared to 1,071 in May 2024, with an increase in cash sales of 11.1%.
- New Pending Sales are up 5.1% and New Listings are down -7.2%.
- The Median Sales Price for Brevard County Single Family homes is 0.0% to $375,000 compared to a year ago, which was $375,000.
- Months' Supply of Inventory is up 21.1% to 4.6 months, an increase from 3.8 months in May 2024.
- Traditional Sales are down -1.2% with a median sales price of $375,995.
- Foreclosure/REO Sales are down -36.4% with 7 closed sales and a median sales price of $196,000.
- Short Sale Closings up 200.0% with 3 closed sales and a median sales price of $325,000.
What It All Means:
Brevard’s residential housing market is stable with signs of slower growth. While prices are holding firm, rising inventory and fewer listings could give buyers more options — and sellers may need to be more competitive.
A quick recap of the Brevard County Townhouses/Condos for May 2025:
- Closed Sales are down -26.2% for May 2025 in which the number of units closed was 208 compared to 282 in May 2024, with a decrease in cash sales of -24.7%.
- New Pending Sales are down -11.6% and New Listings are down -10.1%.
- The Median Sales Price for Brevard County Townhouses/Condos is down -5.7% to $273,500 compared to a year ago, which was $290,000.
- Months' Supply of Inventory is up 37.5% to 8.8 months, an increase from 6.4 months in May 2024.
- Traditional Sales are down -26.8% with a median sales price of $275,000.
- Foreclosure/REO Sales are up 50.0% with 3 closed sales and a median sales price of $148,000.
- Short Sale Closings are N/A with 0 closed sales and a median sales price of N/A.
What It All Means:
The Space Coast condo and townhouse market slowed significantly in May. There are fewer sales, lower prices, and more inventory sitting on the market — signs of a cooling or shifting market that may favor buyers.
If you wish to enter the market to buy or sell a property,
Call JoAnn Young,
Young & Young Properties
Owner/Broker
321-243-4917
