A quick recap of the Brevard County Residential Report for July 2025:
- Closed Sales are down -8.9% for July 2025 in which the number of units closed was 906 compared to 994 in July 2024, with a decrease in cash sales of -19.4%.
- New Pending Sales are down -2.1% and New Listings are up 4.5%.
- The Median Sales Price for Brevard County Single Family homes is 0.0% to $380,000 compared to a year ago, which was $380,000.
- Months' Supply of Inventory is up 15% to 4.6 months, an increase from 4.0 months in July 2024.
- Traditional Sales are down -8.4% with a median sales price of $380,000.
- Foreclosure/REO Sales are down -66.7% with 3 closed sales and a median sales price of $251,250.
- Short Sale Closings are N/A with 1 closed sale and a median sales price of $230,000.
What this means:
Brevard’s single-family housing market cooled slightly in July. Home sales dropped compared to last year, with fewer cash buyers in the mix, but prices stayed steady at a median of $380,000. More homes are being listed for sale, giving buyers additional choices, and inventory has grown to 4.6 months of supply, up from 4.0 months last year. Most activity came from traditional sales, with very few foreclosures or short sales.
A quick recap of the Brevard County Townhouses/Condos for July 2025:
- Closed Sales are down -15.6% for July 2025 in which the number of units closed was 200 compared to 237 in July 2024, with a decrease in cash sales of -14.4%.
- New Pending Sales are down -1.0% and New Listings are up 1.5%.
- The Median Sales Price for Brevard County Townhouses/Condos is down -1.3% to $285,000 compared to a year ago, which was $288,750.
- Months' Supply of Inventory is up 35.5% to 8.4 months, an increase from 6.2 months in July 2024.
- Traditional Sales are down -15.7% with a median sales price of $285,000.
- Foreclosure/REO Sales are down -100% with 0 closed sales and a median sales price of (no sales.)
- Short Sale Closings are N/A with 1 closed sale and a median sales price of $120,000.
What It All Means:
The Brevard townhouse and condo market cooled in July. Fewer homes sold compared to last year, and prices dipped slightly to a median of $285,000. More listings are hitting the market, giving buyers more options, and inventory has grown to 8.4 months—up from just over 6 months last year. Traditional sales made up nearly all activity, while foreclosure sales disappeared completely, and just one short sale closed.
ALL INFORMATION TAKEN FROM
https://www.spacecoastmls.com/press-room/space-coast-association-of-realtors-press-releases