Showing posts with label Market News. Show all posts
Showing posts with label Market News. Show all posts

Wednesday, September 16, 2026

Brevard County, FL MLS Statistics for August 2026

 Brevard County, FL MLS Statistics for August 2026


Call JoAnn Young for your Real Estate needs


Locally owned and operated Florida Brokerage

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Friday, November 21, 2025

October 2025 MLS Statistics for Brevard County, FL

 October 2025 MLS Statistics for Brevard County, FL

📊October 2025 Brevard County Housing Statistics are now available for 
    Single-Family Homes and Townhouses/Condos!

JoAnn Young, Young & Young Properties
321-243-4917






Saturday, October 25, 2025

Brevard County MLS Statistics for September 2025

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

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

  • Closed Sales are up 12.6% for September 2025 in which the number of units closed was 839 compared to 745 in September 2024, with an increase in cash sales of 20%.
  • New Pending Sales are up 5.3% and New Listings are up 0.7%.
  • The Median Sales Price for Brevard County Single Family homes is down -1.8% to $378,000 compared to a year ago, which was $385,000.
  • Months' Supply of Inventory is up 7.3% to 4.4 months, an increase from 4.1 months in September 2024.
  • Traditional Sales are up 12% with a median sales price of $379,500.
  • Foreclosure/REO Sales are up 166.7% with 8 closed sales and a median sales price of $336,500.
  • Short Sale Closings are 0% with 1 closed sale and a median sales price of $245,000.


What this means:

The Brevard County residential housing market in September 2025 showed solid activity, with more homes closing compared to last year and a notable increase in cash sales. While new pending sales and new listings were only slightly higher, the market is active and moving. Median home prices dipped slightly, indicating that while homes are selling, prices are relatively stable rather than rising. Inventory has increased modestly, giving buyers slightly more options without creating an oversupply. Traditional home sales remain strong, foreclosures are up significantly though still limited in number, and short sales are minimal. Overall, the market reflects healthy buyer and seller activity with steady pricing and a balanced inventory.


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


  • Closed Sales are down -10.1% for September 2025 in which the number of units closed was 161 compared to 179 in September 2024, with an increase in cash sales of 2.3%.
  • New Pending Sales are up 2.3% and New Listings are down -3.1%.
  • The Median Sales Price for Brevard County Townhouses/Condos is down -12.8% to $255,000 compared to a year ago, which was $292,500.
  • Months' Supply of Inventory is up 18.8% to 7.6 months, an increase from 6.4 months in September 2024.
  • Traditional Sales are down -11.2% with a median sales price of $255,000.
  • Foreclosure/REO Sales are N/A with 1 closed sale and a median sales price of $135,000.
  • Short Sale Closings are N/A with 1 closed sale and a median sales price of $300,000.


What It All Means:

The Brevard County townhouse and condo market showed a slowdown in September 2025, with fewer closed sales compared to last year despite a slight increase in cash transactions. New pending sales saw a small rise, while new listings decreased slightly, indicating less inventory coming to market. Median sales prices dropped noticeably, suggesting that properties are selling for less than a year ago. Inventory levels have increased, giving buyers more options and indicating that homes are staying on the market longer. Traditional sales declined, and foreclosure and short sale activity remained minimal. Overall, the market reflects reduced sales activity, softer prices, and a higher supply, giving buyers more negotiating power.


JoAnn Young

Florida Real Estate Broker

321-243-4917

22 years Real Estate / 30 years Mortgage Experience

JoAnn@MyFLDreamHome.com



Tuesday, September 23, 2025

Brevard County MLS Statistics for August 2025

 Brevard County MLS Statistics for August 2025

Data provided by Space Coast Association of Realtors and Florida Association of Realtors

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


  • Closed Sales are down -2.4% for August 2025 in which the number of units closed was 890 compared to 912 in August 2024, with an increase in cash sales of 15.5%.
  • New Pending Sales are up 2.6% and New Listings are down -5.8%.
  • The Median Sales Price for Brevard County Single Family homes is -4.0% to $369,715 compared to a year ago, which was $385,000.
  • Months' Supply of Inventory is up 12.5% to 4.5 months, an increase from 4.0 months in August 2024.
  • Traditional Sales are down -3.2% with a median sales price of $370,000.
  • Foreclosure/REO Sales are up 25.0% with 5 closed sales and a median sales price of $335,000.
  • Short Sale Closings are N/A with 6 closed sales and a median sales price of $280,205.


What this means:

In Brevard County, the housing market in August 2025 shows a slight shift. Fewer homes closed compared to last year, but pending sales are up, meaning buyers are still actively shopping. The median home price has dipped slightly to $369,715, giving buyers a bit more breathing room. Inventory has increased, offering more options, while cash buyers and investors remain active. Foreclosures and short sales are limited but may present opportunities for those looking for bargains. Overall, buyers have more choices and potential negotiating power, while sellers may need to price strategically in this evolving market.


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


  • Closed Sales are up 3.2% for August 2025 in which the number of units closed was 193 compared to 187 in August 2024, with an increase in cash sales of 14.4%.
  • New Pending Sales are down -10.7% and New Listings are down -11.2%.
  • The Median Sales Price for Brevard County Townhouses/Condos is down -5.4% to $265,000 compared to a year ago, which was $280,000.
  • Months' Supply of Inventory is up 25.0% to 8.0 months, an increase from 6.4 months in August 2024.
  • Traditional Sales are up 2.7% with a median sales price of $267,500.
  • Foreclosure/REO Sales are N/A with 1 closed sale and a median sales price of $86,000.
  • Short Sale Closings are N/A with 0 closed sales and a median sales price of (no sales)


What It All Means:

In Brevard County, the townhouse and condo market saw some interesting trends in August 2025. Closed sales increased slightly to 193 units, and cash sales were up 14.4%, showing continued interest from buyers who can move quickly. However, new pending sales and new listings both declined, suggesting fewer homes are coming to market and fewer contracts are being written. The median sales price dropped to $265,000, giving buyers some room to negotiate. Inventory rose to 8 months, meaning more choices for buyers and a slower market pace. Traditional sales saw modest growth, while foreclosures and short sales remain rare, with only one foreclosure closing.


                                                    JoAnn Young

                                               FL Real Estate Broker

                                                    321-243-4917

                                        JoAnn@MyFLDreamHome.com



Monday, June 23, 2025

Brevard County, FL MLS Statistics for May 2025

 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

JoAnn@MyFLDreamHome.com 



Friday, May 30, 2025

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.



Thursday, May 22, 2025

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 




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


Friday, March 21, 2025

February 2025 Space Coast MLS Statistics for Brevard County, FL

 February 2025 MLS Statistics for Brevard County, FL

Data provided by the Space Coast Association of Realtors and the FL Association of Realtors.

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

  • Closed Sales are down -3.2% for February 2025 in which the number of units closed was 745 compared to 770 in February 2024, with a decrease in cash sales of -18.1%.
  • New Pending Sales are down -9.4% and New Listings are down -5.6%.
  • The Median Sales Price for Brevard Single Family homes is up 0.8% to $378,854 compared to a year ago, which was $376,000.
  • Months' Supply of Inventory is up 22.9% to 4.3 months, an increase from 3.5 months in February 2024.
  • Traditional Sales are down -3.4% with a median sales price of $379,995.
  • Foreclosure/REO Sales are 0% with 8 closed sales and a median sales price of $244,950.
  • Short Sale Closings are N/A with 1 closed sales and a median sales price of $174,000.


Overall, the Brevard County residential market in February 2025 shows a slowdown in sales activity but an increase in inventory and prices.


  • Fewer Homes Sold: Closed sales dropped by 3.2%, and cash sales saw a notable decline (-18.1%).
  • Lower Buyer Activity: New pending sales and new listings both decreased, indicating fewer buyers and sellers entering the market.
  • Prices Holding Steady: The median sales price increased slightly (+0.8%), showing some stability in home values.
  • More Inventory Available: Months' supply of inventory rose by 22.9%, meaning more homes are available, shifting toward a more balanced market.
  • Distressed Sales Remain Low: Foreclosures and short sales remain minimal, suggesting a relatively stable housing environment.


Overall, the market is cooling slightly with fewer sales and rising inventory, but home prices remain steady.


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


  • Closed Sales are down -8.6% for February 2025 in which the number of units closed was 170 compared to 186 in February 2024, with a decrease in cash sales of -19.1%.
  • New Pending Sales are down -24.2% and New Listings are up 11.2%.
  • The Median Sales Price for Brevard Townhouses/Condos is up 1.1% to $302,500 compared to a year ago, which was $299,345.
  • Months' Supply of Inventory is up 48.2% to 8.3 months, an increase from 5.6 months in February 2024.
  • Traditional Sales are down -8.7% with a median sales price of $302,500.
  • Foreclosure/REO Sales are 0% with 2 closed sales and a median sales price of $320,000.
  • Short Sale Closings are N/A with 0 closed sales and a median sales price of (no sales.)


Overall, the Brevard County townhouse/condo market in February 2025 is experiencing a slowdown in sales, an increase in available inventory, and steady price growth.


  • Sales Activity Declining: Closed sales dropped by 8.6%, with a significant 19.1% decrease in cash sales, indicating reduced demand.
  • Fewer Buyers, More Sellers: New pending sales fell sharply (-24.2%), but new listings increased (+11.2%), suggesting more properties are available but fewer buyers are making offers.
  • Prices Holding Steady: The median sales price increased slightly by 1.1%, showing resilience despite the lower sales volume.
  • Inventory Rising Significantly: Months' supply of inventory jumped 48.2%, now at 8.3 months, signaling a shift toward a buyer's market with more choices available.
  • Minimal Distressed Sales: Foreclosures and short sales remain very low, showing overall market stability.


The condo/townhouse market is slowing, with more listings and fewer buyers. Prices remain stable, but rising inventory suggests longer selling times and potential pricing adjustments ahead.


JoAnn Young
321-243-4917
JoAnn@MyDreamHome.com