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By Tina Lange, Licensed Realtor and Space Coast Rocket Reporter

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The Brevard County real estate market, once red-hot, is settling into a more balanced—and at times slower—pace in 2025. According to the Space Coast Association of REALTORS® (SCAR) and Space Coast MLS, key metrics through April 2025 point to a clear shift: sales are down, prices are leveling, and inventory is building.

Here’s what that means for buyers, sellers, and investors.

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Fewer Closings, Softer Prices

According to SCAR’s most recent data, single-family home sales in April 2025 totaled 964, down 6.7% from April 2024. This continues a trend that’s been consistent throughout Q1, with year-to-date sales down approximately 5–7% compared to the same period last year.

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Meanwhile, the median sales price for single-family homes sits at $375,000, a 2.3% decline year-over-year. Though this isn’t a crash by any means, it reflects a cooling off after several years of rapid appreciation. But real estate is a long-term investment and the market continuously changes.

Homes are also taking longer to sell: the average number of days on market in April was 66, giving buyers more breathing room and forcing sellers to adjust expectations.

Pending Sales & Inventory Tell the Rest of the Story

Pending sales, which forecast future closings, were also down 6.7% in April, showing that buyer urgency has eased. At the same time, months’ supply of inventory has grown to 4.6 months, up nearly 28% from April 2024. This means more negotiable prices for buyers and more patience required for sellers.

The frantic pace we saw in 2021 and 2022 has given way to a more stable, data-driven market. Smart strategy matters now more than speed.

Mortgage Rates Remain a Challenge for Buyers

National mortgage rates are still relatively high but recently saw small dips, creating cautious optimism.

As of mid-June 2025:

– 30-Year Fixed Rate: ~6.81%
– 15-Year Fixed Rate: ~6.08% (purchase), ~5.96% (refinance)

Rates have fluctuated in the 6.75–7.1% range since January, suppressing buyer demand—particularly among first-time buyers. But – it’s important to remember that these rates are still relatively low when you look back at decades past, when double-digit rates were common. It’s all relative.

What It All Means for Buyers, Sellers & Investors

Buyers:
This is one of the best windows in years to shop with confidence. You’ll see more inventory, more time to evaluate homes, fewer bidding wars and more room to negotiate purchase prices.

Sellers:
You’ll need to price competitively and prep the home properly. Gone are the days of listings selling in 24 hours above asking.

Investors:
Reduced competition from flippers means long-term rental strategies or buy-and-hold opportunities may thrive—especially with realistic purchase offers.

Final Word

While Brevard’s market may no longer be “hot,” that isn’t a bad thing. Balanced markets give room for smarter decision-making. The cooling trends reflected in SCAR data and national mortgage rates tell a story of recalibration—not retreat.

Buyers have more leverage. Sellers must be strategic. Investors need to plan long-term.And if you’re wondering how this applies to your situation, feel free to message me directly anytime – tina@thespacecoaserocket.com

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