Single-family home sales in March climbed 7.2% year-over-year, with 935 closed transactions
New data released by the Space Coast Association of REALTORS shows a Brevard County housing market marked by rising closed sales, tightening inventory, and mixed price trends across property types in March and the first quarter of 2026.
BREVARD COUNTY, FLORIDA — New data released by the Space Coast Association of REALTORS shows a Brevard County housing market marked by rising closed sales, tightening inventory, and mixed price trends across property types in March and the first quarter of 2026.
March: Strong Closings Despite Fewer Listings
Single-family home sales in March climbed 7.2% year-over-year, with 935 closed transactions compared to 872 in March 2025. Cash sales were essentially flat, dipping 0.4%.
At the same time, market supply tightened. New pending sales fell 3.3%, while new listings dropped 12.7%, contributing to a 17.8% decline in inventory to 3.7 months’ supply. The median sales price rose modestly by 2.0% to $369,999.
Traditional sales, which make up the bulk of the market, increased 6.3% with a median price of $370,000. Distressed sales remained a small segment but showed movement, with foreclosure/REO transactions rising 150% to 15 sales at a median price of $212,000. Short sales were minimal, with just two closings.
The data indicate a competitive environment driven by limited inventory and steady demand, even as fewer homes entered the market.
Condos and Townhomes: Higher Sales, Lower Prices
The townhouse and condo sector posted an 11.5% increase in closed sales, totaling 213 units in March. Cash purchases rose 7.4%, signaling continued investor or cash-buyer activity.
However, prices moved in the opposite direction. The median sales price dropped 11.0% to $275,000 compared to $309,000 a year earlier.
Inventory also tightened, with months’ supply falling 14.0% to 7.4 months. New listings declined sharply by 22.1%, and pending sales slipped 2.3%.
Traditional sales increased 11.1%, while foreclosure activity rose to three sales. No short sales were recorded.
The segment reflects strong closing activity paired with downward price pressure, likely influenced by shifting demand and product mix.
Q1 2026: Stable Sales, Slight Price Softening
For the first quarter of 2026, single-family home sales remained nearly flat, rising just 0.4% to 2,210 closed transactions. Cash sales declined 8.1%, suggesting greater reliance on financing.
New listings fell 10.4%, while pending sales were essentially unchanged. Median prices edged down 1.1% to $370,000, indicating mild softening.
Inventory remained constrained, dropping 17.8% to 3.7 months’ supply. Traditional sales held steady, while foreclosure and short-sale activity increased modestly but remained a small share of the market.
Overall, the quarterly data points to a balanced but competitive market, with steady demand meeting limited supply.
Condo and Townhome Market Gains Momentum in Q1
The townhouse and condo market showed stronger momentum in Q1, with closed sales rising 7.1% to 542 units. Cash sales jumped 14.1%, and pending sales increased 14.3%, signaling growing buyer demand.
New listings declined 9.9%, further tightening supply. Median prices fell 8.5% to $270,000, continuing a trend of softening values in this segment.
Inventory decreased to 7.4 months’ supply. Traditional sales rose 6.6%, while foreclosure activity increased but remained limited. Short sales were nearly nonexistent.
Market Outlook
Across both March and the first quarter, Brevard County’s housing market reflects a consistent theme: strong or stable demand paired with declining inventory.
Single-family homes continue to see modest price growth or stability, while the condo and townhouse segment is experiencing more noticeable price declines despite increased sales activity.
The Space Coast Association of REALTORS, which represents more than 5,000 members, noted that constrained supply and shifting buyer behavior will likely continue shaping market conditions in the months ahead.
