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.