For Immediate Release: Palm Shores, FL -- April 2025 Brevard County housing statistics report for Single-Family homes and Townhouses/Condos provided by Space Coast Association of REALTORS®, the voice for real estate in Brevard County.
Stay informed with our monthly, quarterly, and yearly sales reports for Single Family Homes and Townhouses/Condos, available on our website. We also provide Yearly Distressed Market Summaries for both property types.
A quick recap of the Brevard County Residential Report for April 2025:
- Closed Sales are down -6.7% for April 2025 in which the number of units closed was 964 compared to 1,033 in April 2024, with a decrease in cash sales of -13.5%.
- New Pending Sales are down -6.7% and New Listings are down -0.7%.
- The Median Sales Price for Brevard County Single Family homes is down -2.3% to $375,000 compared to a year ago, which was $384,000.
- Months' Supply of Inventory is up 27.8% to 4.6 months, an increase from 3.6 months in April 2024.
- Traditional Sales are down -6.6% with a median sales price of $376,600.
- Foreclosure/REO Sales are down -22.2% with 7 closed sales and a median sales price of $263,006.
- Short Sale Closings are N/A with 1 closed sale and a median sales price of $650,000.
What It All Means:
Brevard’s residential housing market is cooling off after years of rapid growth. While it’s not a crash, it’s a shift toward a more balanced environment, with more inventory, slower sales, and slight pricing corrections. This could be a better time for buyers looking for more negotiating power—and a wake-up call for sellers to price realistically and be patient.
A quick recap of the Brevard County Townhouses/Condos for April 2025:
- Closed Sales are down -14.5% for April 2025 in which the number of units closed was 213 compared to 249 in April 2024, with a decrease in cash sales of -24.7%.
- New Pending Sales are down -27% and New Listings are down -12.3%.
- The Median Sales Price for Brevard County Townhouses/Condos is down -13.6% to $285,000 compared to a year ago, which was $330,000.
- Months' Supply of Inventory is up 44.3% to 8.8 months, an increase from 6.1 months in April 2024.
- Traditional Sales are down -14.1% with a median sales price of $285,000.
- Foreclosure/REO Sales are down -100% with 0 closed sales and a median sales price of N/A.
- Short Sale Closings are N/A with 0 closed sales and a median sales price of N/A.
What It All Means:
Brevard’s condo and townhouse market in April 2025 is cooling, with declining sales, lower prices, and rising inventory. Buyers have more options and negotiating power, while sellers may need to adjust expectations and pricing strategies.
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About the Space Coast Association of REALTORS®
Since 1959, the Space Coast Association of REALTORS® has been a professional trade association that provides services to our local REALTOR® community. Our membership base is comprised of more than 5,500 REALTORS® and Business Partner members that service Brevard County and adhere to a strict Code of Ethics when working with one another and the general public. The Space Coast Association of REALTORS® takes an active part in community programs and pursues projects our members support to further real estate interests. The protection of private property rights is always our top priority.
Association Vision: Space Coast Association of REALTORS® is the trusted voice of real estate in our community.
Association Mission: Space Coast Association of REALTORS® exists to support our members’ success as real estate professionals while advocating for private property rights and the ethical practice of real estate.
Values: Membership // Professionalism // Leadership // Advocacy // Outreach
Kymi Franklin
Communications Director
Space Coast Association of REALTORS®
2950 Pineda Plaza Way Palm Shores FL 32940
Main (321) 242-2211 | Fax (321) 255-7669
www.SpaceCoastMLS.com
The Voice of Real Estate in Brevard®