T
he Brevard County housing market showed signs of cooling in April 2025, with both single-family and condo sales declining, inventory levels rising, and median prices retreating from previous highs. Real estate professionals attribute this trend to a broader shift towards market normalization after several years of intense buyer demand and constrained supply.

    Single-family home sales dropped by 6.7% in April 2025, with 964 closed transactions compared to 1,033 in the same period last year. The median sales price for single-family homes fell to $375,000, a 2.3% decrease from the prior year. Inventory levels rose significantly, with the months' supply of inventory increasing by 27.8% to 4.6 months.

    Condo and townhouse sales declined even further, with closed transactions dropping by 14.5%. The median price for condos and townhouses fell by 13.6%, from $330,000 in April 2024 to $285,000. Inventory levels rose sharply, with the months' supply of inventory increasing by 44.3% to 8.8 months.

    Real estate professionals emphasize that this shift towards a more balanced market requires sellers to adjust their expectations and pricing strategies. Buyers now have more time and selection, while sellers must focus on competitive pricing and effective marketing to succeed in the current market conditions.

    As Brevard's housing market enters a more balanced phase, experts advise buyers to take advantage of the increased inventory and lower prices, while sellers should prioritize realistic pricing and preparation for a longer time on the market. With over 40 years of combined experience in the real estate industry, the McCoy-Freeman Group is well-equipped to guide clients through this transition and help them achieve their goals in the current market.