median sales price for a single-family home fell to $375,000, down 2.3%
BREVARD COUNTY, FLORIDA —The Brevard County housing market showed clear signs of cooling in April 2025, with both single-family and condo sales declining, inventory levels rising, and median prices retreating from previous highs.
Real estate professionals say the latest figures reflect a broader trend toward market normalization across Florida’s Space Coast, following several years of intense buyer demand and constrained supply.
“We’re not seeing a downturn — we’re seeing a rebalancing,” said Nikki McCoy Freeman, with McCoy Freeman Compass. “The urgency is slowing, and savvy buyers are stepping back in with more negotiating power. Sellers who adapt to the new market conditions are still making successful moves.”
Single-Family Home Market: Signs of Stabilization
Sales of single-family homes in Brevard County declined by 6.7% in April 2025, with 964 closed transactions compared to 1,033 in April 2024. Cash purchases dropped 13.5%, a possible indicator of declining investor activity.
The median sales price for a single-family home fell slightly to $375,000, down 2.3% from the prior year.
However, the most significant shift came in inventory levels. The months’ supply of inventory rose to 4.6 months, a 27.8% increase from April 2024. Real estate analysts say this reflects more balanced conditions between buyers and sellers, with increased time on market and less competition.
April 2025 at a Glance – Single-Family Homes:
■ Closed Sales: 964 (down 6.7%)
■ Cash Sales: Down 13.5%
■ New Pending Sales: Down 6.7%
■ New Listings: Down 0.7%
■ Median Price: $375,000 (down 2.3%)
■ Inventory Supply: 4.6 months (up 27.8%)
■ REO/Foreclosures: 7 closed, median $263,006
■ Short Sales: 1 closed, median $650,000
Condo and Townhouse Market: Momentum Slows Further
The condo and townhouse segment experienced steeper declines in April. Closed sales dropped 14.5%, with 213 units sold, compared to 249 one year ago. Cash sales declined 24.7%, signaling reduced interest from investors and second-home buyers.
The median price for a condo or townhouse fell 13.6%, from $330,000 in April 2024 to $285,000.
Inventory in this segment rose sharply. The months’ supply of inventory jumped to 8.8 months, a 44.3% increase, placing condos and townhomes firmly in buyer’s market territory.
April 2025 at a Glance – Condos & Townhomes:
■ Closed Sales: 213 (down 14.5%)
■ Cash Sales: Down 24.7%
■ New Pending Sales: Down 27%
■ New Listings: Down 12.3%
■ Median Price: $285,000 (down 13.6%)
■ Inventory Supply: 8.8 months (up 44.3%)
■ Foreclosures/REOs: 0
■ Short Sales: 0
Market Outlook: Strategy and Timing Matter
As Brevard’s housing market enters a more balanced phase, real estate professionals emphasize the importance of adjusting expectations. Buyers have more time and selection, while sellers should focus on pricing competitively and preparing their properties for a longer time on the market.
“With more inventory available and prices coming off their highs, this is the most favorable market for buyers we’ve seen in years,” Freeman said. “But sellers who price realistically and market effectively are still in a strong position to sell, especially here on Florida’s Space Coast.”
Bobby Freeman, a lifetime resident of Brevard County, has been a top Realtor in the area for over two decades. In his first year as an agent, Freeman received a Rising Star award from his Brokers. Since then, he has achieved numerous sales awards from some of the largest real estate firms in the world.
Freeman, Jennifer McCoy and Nikki McCoy-Freeman are family owners of the McCoy-Freeman Real Estate Group on Florida’s Space Coast. Together they have more than 40 years of extensive experience in all aspects of the real estate industry, have sold over $420 million and are ranked in the top 1% of all Florida Realtors.
Among McCoy-Freeman Group’s achievements are being a Certified Luxury Home Marketing Specialist (CLHMS), a Certified Distressed Property Expert (CDPE), an Accredited Buyer’s Representative (ABR), and voted Best Realtor in Brevard County. The group has been featured in many news publications, including CNN Money Magazine, CNNMoney.com, WFTV 9 News, News 13, WKMG News 6, Coastal Condo Living Magazine, Hot Retirement Towns Magazine, and SpaceCoastDaily.com.
For more information, log on to BrevardRealtyConnection.com
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