WATCH: Space Coast Housing Market Shows Signs of Strength in August, Offering New Opportunities for Sellers

Cash condo sales increased 14.4%, driven by investors and second-home buyers

WATCH: Fewer listings, more cash buyers, and even a condo rebound — Bobby & Nikki Freeman of McCoy Freeman Compass break down what the August 2025 Space Coast real estate market report means for sellers.

BREVARD COUNTY, FLORIDA – The August 2025 Space Coast housing market delivered encouraging signs for sellers in Cocoa Beach, Viera, and communities across Brevard County.

While prices have adjusted compared to last year, the shrinking number of new listings and more vigorous cash buyer activity indicate that momentum is shifting in a positive direction.

Single-Family Homes: Sellers See Less Competition

Single-family home closings were down just 2% year over year in August, but the bigger story is in the forward-looking numbers:

• Pending sales climbed 2.6%, showing buyers are still active.

• New listings fell 5.8%, giving sellers less competition.

• Inventory held steady at 4.5 months, a balanced market level.

• Cash transactions jumped 15.5%, a strong sign that buyers with funds are moving quickly.

“What really stands out to me is that sellers have less competition right now,” said Bobby Freeman of McCoy Freeman Compass. “With cash buyers stepping in and inventory holding steady, well-priced homes are still in high demand across the Space Coast.”

Condos & Townhomes: Signs of Stabilization

After months of decline, the condominium market finally showed signs of growth. In August, condo closings increased by just over 3% year-over-year.

Other key trends:

• New condo listings dropped 11.2%, reducing seller competition.

• Cash condo sales increased 14.4%, driven by investors and second-home buyers.

“It’s encouraging to see the condo market showing signs of stabilization,” added Nikki McCoy Freeman. “Buyers are coming back, and with fewer condos hitting the market, sellers now have an opportunity to stand out.”

Key Takeaways for Sellers

The August report highlights several positive shifts:

• Fewer new listings = less competition for sellers.

• Cash buyers are returning in force, increasing leverage.

• Pending contracts remain solid in the single-family market.

• Condos saw their first sales increase in months — a potential turning point.

The Space Coast housing market — from Cocoa Beach and Viera to Merritt Island, Satellite Beach, Melbourne, Rockledge, and beyond — is showing resilience and new opportunities for sellers.

Work With the Local Experts

Bobby Freeman, together with Nikki McCoy Freeman, brings over 20 years of experience and more than $500 million in closed sales.

As leading real estate experts in Cocoa Beach, Viera, Merritt Island, Satellite Beach, Melbourne, Rockledge, and across the Space Coast, McCoy Freeman Compass knows how to position homes, attract buyers, and deliver results strategically.

Call or text 321-693-1694 or visit McCoyFreeman.com.

Frequently Asked Questions

• Is now a good time to sell in Cocoa Beach or Viera?
Yes. With fewer new listings and more cash buyers, sellers are facing less competition and attracting motivated buyers.

• What changed in the condo market in August 2025?
For the first time since spring, condo sales increased year over year. New listings dropped, and cash buyers stepped in, suggesting stabilization.

• How can Bobby and Nikki McCoy Freeman help sellers?
With over two decades of experience and $500M+ in sales, Bobby and Nikki provide expert marketing, pricing strategy, and local knowledge to help sellers succeed across the Space Coast.

• Which Space Coast areas do you specialize in?
We serve Cocoa Beach, Viera, Merritt Island, Satellite Beach, Melbourne, Rockledge, Cape Canaveral, and the entire Brevard County coast.

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