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ome » WATCH: Space Coast Real Estate Market Report Shows Strong Buyer Momentum, Rising Cash Sales
Bobby and Nikki McCoy Freeman of the McCoy Freeman Group at Compass | Carpenter Kessel Team break down October 2025 trends across Cocoa Beach, Cape Canaveral, Merritt Island, Viera, Satellite Beach, and nearby areas.
**Market Snapshot – October 2025**
- Closed sales up 10.6% from October 2024 (single‑family: 843, condos: 173)
- Cash buyers increased 19.3% (single‑family) and 40.3% (condos)
- Pending sales surged 29.7% (single‑family) and 21.4% (condos)
- New listings rose 10% (single‑family) and 29% (condos)
- Median single‑family price: $360,000; median condo price: $292,000 (+5.2%)
- Inventory: 4.2 months (single‑family), 7.7 months (condos)
**Key Drivers**
1. **Aerospace & tech hiring** – SpaceX, Blue Origin, NASA, Lockheed Martin, Boeing, Northrop Grumman, L3Harris continue to attract engineers, fueling quick purchases in Merritt Island, Viera, Titusville, Rockledge, and beach communities.
2. **Cash buyer surge** – Retirees, second‑home buyers, investors, and relocating professionals use cash to avoid rate risk and speed closings.
3. **Seasonal momentum** – October‑March draws snowbirds, northerners, and year‑end relocations, boosting activity in Cocoa Beach, Cape Canaveral, Merritt Island, Viera, and Melbourne.
**Seller Insights**
- Strongest seasonal window; properties priced accurately and presented well outperform competitors.
- Successful strategy: neighborhood‑specific pricing, high‑quality Compass marketing, professional photography/video, staging guidance, and deep local market knowledge.
- Buyers are informed; they evaluate comps, HOA reserves, and building data, so clean, updated homes stand out.
**Buyer Takeaways**
- Stable pricing, more inventory, and opportunities in condos with deep supply.
- Single‑family homes in Viera, Merritt Island, Rockledge, Satellite Beach, and Cocoa Beach remain competitive, especially when updated.
- Micro‑market differences matter: Cocoa Beach ≠ Viera; Merritt Island ≠ Palm Bay; Indian Harbour Beach ≠ Titusville.
**Q&A Highlights**
1. **Price outlook 2026** – Stable overall; slight variations by area; updated homes in Cocoa Beach, Merritt Island, Viera, Satellite Beach perform well; condos in Cape Canaveral, Cocoa Beach, Melbourne Beach gain YoY.
2. **Demand drivers** – Aerospace and defense hiring.
3. **Condos as investment** – Strong performance in buildings with good reserves, management, and updates.
4. **Best value** – Rockledge, Palm Bay, inland Merritt Island, parts of Melbourne.
5. **Cash buyer influence** – Reduces timeline risk, speeds closing, boosts seller confidence.
6. **Market balance** – Updated single‑family homes favor sellers; condos favor buyers.
7. **Aerospace worker hotspots** – Merritt Island, Viera, Rockledge, Titusville, Cocoa Beach, Satellite Beach.
8. **Out‑of‑state relocation** – Continues, especially from Northeast, Midwest, California.
9. **Fastest selling homes** – Updated single‑family homes in Viera, Merritt Island, Rockledge, Satellite Beach; well‑maintained condos in Cape Canaveral, Cocoa Beach.
10. **Stability vs. other markets** – Aerospace/defense jobs, retirement migration, steady cash demand insulate from national swings.
11. **Best selling season** – October‑March.
12. **Seller focus** – Presentation and pricing; clean, updated homes priced to current comps attract buyers quickly.
**About the McCoy Freeman Group**
With over 20 years of experience, 1,500+ transactions, and $500 M closed sales, Bobby and Nikki serve aerospace engineers, mission specialists, SpaceX/NASA employees, retirees, military families, and former astronauts. They specialize in waterfront, oceanfront, riverfront, and luxury condos across the Space Coast.
For more information, visit McCoyFreeman.com or call 321‑693‑1694.
