WATCH: Space Coast Real Estate Market Report Shows Strong Buyer Momentum, Rising Cash Sales

By Space Coast Daily // November 28, 2025

the newest data reflects a healthy, balanced pace

WATCH: Bobby and Nikki McCoy Freeman — trusted Space Coast real estate experts and leaders of the McCoy Freeman Group at Compass | Carpenter Kessel Team — break down the October 2025 housing trends shaping Cocoa Beach, Cape Canaveral, Merritt Island, Viera, Satellite Beach, and surrounding communities.

BREVARD COUNTY, FLORIDA — The October 2025 real estate numbers are in, and the Space Coast continues to show steady momentum from Titusville to Palm Bay and from Cocoa Beach to Viera.

Closed sales increased, cash buyers rose sharply, and pending sales surged nearly 30 percent — a clear sign of a confident market heading into Florida’s busiest selling season.

Space Coast real estate experts Bobby and Nikki McCoy Freeman of the McCoy Freeman Group at Compass | Carpenter Kessel Team say the latest data reflect a healthy, balanced pace, supported by aerospace growth, strong relocation demand, and stable inventory across Brevard County.

The October 2025 real estate numbers are in, and the Space Coast continues to show steady momentum from Titusville to Palm Bay and from Cocoa Beach to Viera. Closed sales increased, cash buyers rose sharply, and pending sales surged nearly 30 percent — a clear sign of a confident market heading into Florida’s busiest selling season.

Single-family homes: rising sales, strong cash activity, balanced inventory

The single-family segment posted:

■ 843 closed sales (up 10.6% from October 2024)

■ Cash sales up 19.3%

■ Pending sales up 29.7%

■ New listings up 10%

■ Median price: $360,000

■ 4.2 months of inventory, indicating a balanced market

“These are very healthy indicators,” said Bobby Freeman, who has tracked Space Coast housing trends for more than 20 years. “Buyers are serious, sellers are realistic, and the market is moving in a stable rhythm that benefits everyone involved.”

High-demand pockets this month included Cocoa Beach, Cape Canaveral, Merritt Island, Viera, Satellite Beach, Rockledge, Melbourne, Melbourne Beach, Indian Harbour Beach, and Titusville — all of which continue to attract buyers relocating for lifestyle, work, or retirement.

Condos and townhomes: strong momentum and rising cash purchases

The condo and townhome market showed similar strength:

■ 173 closed sales (up 14.6%)

■ Cash sales up 40.3%

■ Pending sales up 21.4%

■ New listings up 29%

■ Median price: $292,000 (up 5.2%)

■ 7.7 months of supply, offering buyers more options

“We are seeing renewed strength in condo activity,” said Nikki McCoy Freeman, who specializes in coastal and riverfront buildings. “Snowbirds, out-of-state buyers, and aerospace professionals are all active again — especially in Cape Canaveral, Cocoa Beach, Cocoa Village, Satellite Beach, Melbourne Beach, and Indian Harbour Beach.”

Nikki notes that buildings with strong reserves, updated exteriors, and modern interiors continue to outperform the broader condo market.

Why the Space Coast real estate market remains so active

1. Aerospace and technology hiring is accelerating

SpaceX, Blue Origin, NASA, Lockheed Martin, Boeing, Northrop Grumman, L3Harris, and other employers continue to expand, bringing engineers and specialists to the region year-round. Many purchase quickly — often in Merritt Island, Viera, Titusville, Rockledge, and the beachside communities.

2. A significant rise in cash buyers

Cash closings increased across nearly every major coastal city in Brevard County. Retirees, second-home buyers, investors, and relocating professionals are purchasing with cash to avoid interest-rate fluctuations and simplify the transaction process.

3. Seasonal momentum between October and March

The fall and winter months historically attract snowbirds, northerners escaping colder weather, and buyers completing year-end relocations. Showing activity typically increases significantly across Cocoa Beach, Cape Canaveral, Merritt Island, Viera, and Melbourne.

What sellers should know

Sellers across the Space Coast are entering one of the strongest seasonal windows of the year. With pending sales up sharply and consistent fall and winter demand, properties that launch with the right strategy are seeing excellent results.

According to Bobby and Nikki McCoy Freeman, sellers who combine accurate pricing, standout presentation, and strong Compass marketing continue to outperform the competition.

“With more than two decades of selling real estate on the Space Coast, we’re seeing a familiar pattern,” Bobby said. “When buyer activity rises before winter, sellers who position their homes correctly almost always secure the best outcomes.”

Nikki adds, “Buyers are well-informed. They’re analyzing comps, HOA reserves, and building data. Homes and condos that present cleanly and launch with the right pricing strategy stand out immediately.”

Their approach emphasizes:

■ Building-specific and neighborhood-specific pricing

■ High-end Compass marketing

■ Deep experience in waterfront, oceanfront, and riverfront communities

■ Professional photography, video, and staging guidance

■ Local market knowledge gained from thousands of transactions

What buyers should know

Buyers benefit from stable pricing, more selection than in recent years, and increased opportunities in condo buildings with deeper inventory. Single-family homes remain competitive in Viera, Merritt Island, Rockledge, Satellite Beach, and Cocoa Beach, especially those that are updated and well-maintained.

“Understanding micro-market differences is key,” Bobby said. “Cocoa Beach behaves differently from Viera. Merritt Island is different from Palm Bay. Indian Harbour Beach is different from Titusville. Each area has its own rhythm.”

Space Coast Buyer and Seller Q&A

Q1. Are Space Coast home prices expected to rise or fall going into 2026?

Prices remain stable overall, with slight variations by area. Updated homes in Cocoa Beach, Merritt Island, Viera, and Satellite Beach continue to perform well. At the same time, condos in Cape Canaveral, Cocoa Beach, and Melbourne Beach show steady year-over-year gains.

Q2. What is driving buyer demand right now?

Aerospace and defense hiring are major forces. SpaceX, Blue Origin, NASA, Lockheed Martin, Northrop Grumman, and L3Harris continue drawing engineers and professionals to the region.

Q3. Are condos still a strong investment?

Yes. Buildings with reasonable reserves, strong management, and updated units are performing exceptionally well in Cape Canaveral, Cocoa Beach, Cocoa Village, and Melbourne Beach.

Q4. Which areas offer the best value for buyers?

Rockledge, Palm Bay, inland Merritt Island, and parts of Melbourne offer strong value relative to proximity to the beach, job centers, and schools.

Q5. Why are cash buyers so influential?

Cash transactions reduce timeline risk, speed up closing, and give sellers confidence — especially in condo buildings with stricter lending guidelines.

Q6. Is it better for buyers or sellers right now?

It remains one of the most balanced markets the Space Coast has seen in years. Updated single-family homes lean slightly toward sellers, while condos provide buyers more flexibility.

Q7. Which communities are most popular with aerospace workers?

Merritt Island, Viera, Rockledge, Titusville, Cocoa Beach, and Satellite Beach remain top choices for incoming engineers and mission specialists.

Q8. Are out-of-state buyers still relocating here?

Yes — especially from the Northeast, Midwest, and California. Many seek coastal lifestyle, tax benefits, and proximity to aerospace employment.

Q9. What homes are selling fastest right now?

Updated single-family homes in Viera, Merritt Island, Rockledge, and Satellite Beach, along with well-maintained condos in Cape Canaveral and Cocoa Beach.

Q10. Why is the Space Coast more stable than other markets?

The region’s aerospace and defense employment, retirement migration, and steady cash demand provide long-term insulation against national fluctuations.

Q11. Is fall and winter really the best time to sell?

Yes. October through March consistently produces the strongest demand from snowbirds, relocations, and seasonal buyers.

Q12. What should sellers focus on now?

Presentation and pricing. Clean, updated homes priced according to current active and pending comps attract the strongest buyers the fastest.

About the McCoy Freeman Group at Compass | Carpenter Kessel Team

With more than 20 years of experience, over 1,500 successful transactions, and $500 million in closed sales, Bobby and Nikki McCoy Freeman are recognized among the Space Coast’s leading real estate professionals. Their clientele includes aerospace engineers, mission control specialists, SpaceX and NASA employees, retirees, military families, and two former astronauts.

The team specializes in waterfront, oceanfront, riverfront, and luxury condos across Cocoa Beach, Cape Canaveral, Merritt Island, Viera, Satellite Beach, Indian Harbour Beach, Rockledge, Palm Bay, Titusville, Melbourne, and Melbourne Beach.

For more information

Visit: McCoyFreeman.com or call 321-693-1694.