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