Brevard County’s Housing Market Picked Up Momentum in July, Condo and Townhouse Sales Surge
By Bobby Freeman, Space Coast Real Estate Expert // August 20, 2026
Single-Family Sales Rise and Inventory Tightens, While Condo and Townhouse Sales Surge Across the Space Coast
ABOVE VIDEO: Bobby & Nikki Freeman break down the July 2026 Brevard County Housing Market Report and what the latest numbers mean for buyers and sellers.
BREVARD COUNTY, FLORIDA – Brevard County’s housing market picked up momentum in July, with more homes changing hands while available inventory continued to shrink across much of the Space Coast.
The latest market data shows 943 single-family homes closed in July 2026, up 4.1% from 906 sales during the same month last year. Condo and townhouse sales increased even more, climbing 13.5% from 200 closings in July 2025 to 227 this year.
Sales increased as fewer new properties entered the market, creating a tighter environment for buyers in several segments.
Single-Family Homes: Inventory Tightens
For single-family homes, the biggest change was inventory.
Active inventory declined to 2,937 homes, down 23.7% from July 2025. Months’ supply of inventory fell from 4.6 months to 3.5 months, down 23.9%.
At the same time, new listings dropped 6.8% to 1,200, while new pending sales were nearly unchanged at 926.
The median sale price for a single-family home remained at $380,000, exactly the same as one year earlier.
That combination of rising sales, falling inventory, and flat median prices is one of the more interesting parts of the July report.
Condos and Townhomes: Stronger Sales Growth
The condo and townhouse market moved differently.
Closed sales increased 13.5% to 227, while new pending sales jumped 22.8% to 253. New listings declined 3.5% to 327.
The median condo and townhouse sale price increased 4.9% from $285,000 to $299,000.
Cash buyers also remained a major part of the market. There were 131 cash condo and townhouse purchases in July, up 22.4% from one year earlier.
That means roughly 58% of all condo and townhouse closings during the month were cash transactions.
Homes That Sold Reached Contract Faster
Single-family homes that closed in July reached contract faster than they did a year earlier.
Median time to contract fell from 47 days in July 2025 to 38 days in July 2026, a 19.1% decrease.
The condo market again showed a different pattern. Median time to contract increased to 72 days, compared with 58 days one year earlier.
That gap helps explain why buyers and sellers may be experiencing very different conditions depending on the property type.
Inventory May Be the Bigger Story
Inventory may be the most important story in the July numbers.
Single-family supply fell to 3.5 months, while condo and townhouse supply declined from 8.4 months to 6.2 months.
Florida Realtors uses 5.5 months of inventory as a traditional benchmark for a balanced market. By that measure, the single-family market is operating on the tighter side, while condos and townhomes still offer buyers more available inventory.
My Take
“The July numbers show why it’s important not to describe the Brevard County real estate market with one broad headline,” said Bobby Freeman, REALTOR®, McCoy Freeman Group at Compass.
“Single-family inventory has tightened considerably, and homes that sold went under contract faster than a year ago.
At the same time, the condo market is seeing stronger sales and pending activity, but buyers still have more inventory and properties are taking longer to secure a contract. The market is active, but pricing and strategy remain very property-specific.”
Foreclosure Numbers Jump, But Remain Small
One of the report’s more dramatic percentage changes came from foreclosure sales.
Single-family foreclosure and REO sales increased 500%, but that jump represents an increase from just three sales in July 2025 to 18 sales in July 2026.
Traditional transactions still accounted for 922 of the 943 single-family sales. The condo and townhouse market recorded 219 traditional sales, five foreclosure or REO transactions, and three short sales.
Distressed sales therefore remain only a small part of the overall Brevard County housing market.
What Buyers and Sellers Should Watch Next
For sellers, the decline in competing inventory is encouraging, particularly in the single-family market. But the unchanged median price shows that tighter supply has not translated into broad price acceleration.
For buyers, negotiating leverage varies considerably. A well-priced single-family home may move quickly, while some condo buyers may still find more selection and more room to negotiate.
Property type, location, condition, and price range continue to matter more than broad countywide headlines.
July 2026 By The Numbers
• Single-Family Homes
Closed Sales: 943 (up 4.1% from July 2025)
Median Sale Price: $380,000 (unchanged)
New Pending Sales: 926 (nearly unchanged)
New Listings: 1,200 (down 6.8%)
Median Days to Contract: 38 (down from 47)
Months Supply of Inventory: 3.5 (down from 4.6 in July 2025)
• Condos and Townhomes
Closed Sales: 227 (up 13.5% from July 2025)
Median Sale Price: $299,000 (up 4.9%)
New Pending Sales: 253 (up 22.8%)
New Listings: 327 (down 3.5%)
Median Days to Contract: 72 (up from 58)
Cash Sales: 131 (up 22.4%), about 58% of closings
Months Supply of Inventory: 6.2 (down from 8.4 in July 2025)
