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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.
Overall Takeaway-
The single-family home market is cooling, but holding steady on prices. While sales are down and inventory is building, median values have not slipped—suggesting sellers are holding firm and demand is still relatively resilient. Compared to condos/townhomes, the single-family segment remains more stable, but with higher supply and fewer cash buyers, buyers now have a bit more negotiating power.
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.
Overall Takeaway-
The condo/townhome market in Brevard is cooling: fewer closings, softer prices, and growing inventory. While pricing hasn’t dropped dramatically, the rising supply (8.4 months) and slower sales velocity show buyers are gaining leverage, and sellers face a more competitive environment.