WATCH: Space Coast Housing Market Showed Signs of Cooling in July, Median Price Stays Flat at $380,000

For buyers, opportunity is expanding, especially in the condo segment

BREVARD REAL ESTATE WATCH: The Space Coast housing market showed signs of cooling in July, with single-family homes holding steady on prices while the condo and townhouse sector faced more downward pressure.

BREVARD COUNTY, FLORIDA — The Space Coast housing market showed signs of cooling in July, with single-family homes holding steady on prices while the condo and townhouse sector faced more downward pressure.

Buyers are gaining leverage with growing inventory, while sellers are adjusting to longer marketing times and increased competition.

Single-Family Homes: Stability Amid Slower Sales

● Closed Sales: 906 homes (⬇ -8.9% year-over-year)
● Median Price: $380,000 (no change)
● Cash Sales: ⬇ -19.4%
● Inventory: 3,849 homes, up 15%
● Months’ Supply: 4.6 months (balanced-to-buyer’s market)
● Time to Contract: 47 days (up 23.7% from last year)

What it means: The single-family home market is no longer in overdrive. Prices remain steady, but sellers are facing longer times to contract as buyers gain more options.

Townhouses & Condos: Buyers Gain the Upper Hand

● Closed Sales: 200 units (⬇ -15.6% year-over-year)
● Median Price: $285,000 (⬇ -1.3%)
● Cash Sales: ⬇ -14 .4% but still 53% of all condo sales
● Inventory: 1,496 units (⬆ ~15%)
● Months’ Supply: 8.4 months, up 35. 5% from 6.2 months in July 2024 — a clear sign of a buyer’s market.
● Time to Sale: 91 days, up from 87 last year

What it means: The condo market is cooling more sharply. With months’ supply jumping from 6.2 to 8.4, buyers have significantly more leverage. Sellers must now compete not only on price but also on presentation to stand out in an increasingly crowded marketplace.

Expert Insights from McCoy Freeman Compass

Bobby Freeman, McCoy Freeman Compass: “July’s numbers confirm what we’ve been feeling on the ground—the market has shifted into a more balanced position. Sellers can still achieve strong results, but only if they adapt to today’s buyer-driven environment with smart pricing and strong marketing. Waiting for yesterday’s market conditions can cost valuable time and money.”

Nikki McCoy Freeman, McCoy Freeman Compass: “For buyers, this is the best opportunity we’ve seen in years. More inventory means more choices, less bidding pressure, and the ability to negotiate. If you’ve been waiting on the sidelines, this is the time to get serious about finding the right property.”

Takeaway for Buyers & Sellers

Sellers: Homes are still selling, but the days of multiple offers and instant contracts are behind us. The market rewards realistic pricing, strong presentation, and professional marketing.

Buyers: More inventory means more leverage. With fewer cash investors dominating the market, this is a rare window to secure favorable terms and find the right property.

Bottom line: Brevard’s real estate market is cooling, but not collapsing. For sellers, success now comes down to strategy. For buyers, opportunity is expanding—especially in the condo segment.

For more data reflecting your city or community, contact Bobby & Nikki Freeman, Space Coast real estate experts, at 321-693-1694. TO SEE CONDO LISTINGS, LOG ON TO CocoaBeachCondoGallery.com

Florida’s Space Coast real estate market remains active and full of opportunity, but the dynamics are shifting. Single-family homes continue to perform well, while the condo market is offering real bargains for patient buyers.

Whether you’re buying or selling, working with an experienced local agent who understands these trends can make all the difference in navigating today’s evolving market.

If you’re curious about what this means for your home or your next move, reach out to Bobby and Nikki Freeman with McCoy Freeman Compass—your trusted Space Coast real estate experts, log on to Mccoyfreeman.com.

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 received numerous sales awards from some of the world’s largest real estate firms.

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

TO SEE CONDO LISTINGS, LOG ON TO CocoaBeachCondoGallery.com

CLICK HERE FOR BREVARD COUNTY NEWS

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