Brevard County Housing Market Update – May 2025
Your trusted local real estate resource on the Space Coast
If you’re watching the Brevard County real estate market, here’s what happened in May 2025. Whether you’re thinking about buying, selling, or investing, these insights will help you navigate the Space Coast housing landscape with confidence.
🏡 How Did Single Family Homes Perform in May?
In May 2025, 1,056 single family homes closed across Brevard County. That’s a slight dip of 1.4% compared to May last year, when 1,071 homes sold. The good news? We saw an 11.1% increase in cash sales, which tells us that strong buyers — whether investors or people looking to move quickly — are still active in the market.
There’s also a bit of an interesting mix happening:
- New pending sales (homes that went under contract) were up by 5.1%, showing steady demand.
- But at the same time, new listings were down 7.2%, which means fewer fresh options hit the market last month.
- The median sales price stayed flat at $375,000, exactly what it was a year ago.
- Inventory levels rose — we’re now at 4.6 months of supply, up from 3.8 months in May 2024. This gives buyers a little more breathing room and may encourage sellers to price more competitively.
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What does it mean?
Our single-family market is holding steady. Prices haven’t changed, but with inventory growing and fewer new listings, we could see more choices for buyers in the coming months. Sellers may need to be strategic with pricing and presentation to stand out.
🏢 What About Townhouses and Condos?
The condo and townhouse side of the market tells a different story.
- 208 units closed in May, a sharp drop of 26.2% compared to 282 closings last year.
- Cash sales were down by 24.7%, which may reflect fewer investors or second-home buyers jumping in.
- New pending sales fell 11.6%, and new listings dropped 10.1%.
- The median sales price for condos and townhomes was $273,500, down 5.7% from last year’s $290,000.
- Inventory is building — we’re up to 8.8 months of supply, compared to 6.4 months a year ago.
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What does it mean?
This part of the market is clearly cooling. Buyers are gaining more options and negotiating power. If you’re looking for a condo or townhouse, this could be a great opportunity to find a deal, as sellers may be more willing to work with you.
📌 The Big Picture
Overall, Brevard’s housing market in May 2025 shows stability in single family homes and softness in the condo/townhome sector. The shift in inventory levels suggests that buyers will have more choices — and potentially more negotiating power — especially in condos and townhomes.
For sellers, this means it’s more important than ever to price right and make sure your property shines compared to the competition.
If you’re thinking about buying, selling, or just want to know how these numbers impact your situation, let’s connect! I’m happy to provide a personalized market analysis or help you strategize your next move.
