T
he Space Coast real estate market is showing signs of balance in May 2025, with moderate changes in sales volume and stable home prices. Inventory is rising across both single-family homes and condos, giving buyers more opportunities to find the right property.

    Buyer activity remains steady, but sellers may need to adjust their strategies as the market shifts away from high-demand conditions. "Well-prepared homes are still selling," says Nikki McCoy Freeman of McCoy Freeman Compass. "Pricing and presentation matter now more than ever."

    Single-family home sales dipped 1.4% in May compared to last year, while the median sales price remained steady at $375,000. The increase in inventory is a notable trend, with months' supply rising to 4.6 months - a 21% jump year-over-year.

    The condo and townhouse segment showed a more pronounced shift towards buyers, particularly in coastal areas like Cocoa Beach and Cape Canaveral. Months' supply rose to 8.8 months, indicating a buyer's market. Sellers should focus on pricing strategically and maximizing visibility through professional marketing.

    Cash buyers remain active, with cash transactions rising by 11% in the single-family home market. This reflects the enduring appeal of Space Coast communities, particularly Cocoa Beach, Cape Canaveral, and waterfront sections of Melbourne.

    For buyers, the increase in inventory brings more opportunities to find a property without the pressure of bidding wars. Buyers still need to act strategically, but they have more time and room to negotiate.

    For sellers, success hinges on pricing, presentation, and collaborating with a local expert who understands the nuances of both coastal and inland markets. Homes are still selling, but those that sell the fastest align with market expectations and are properly marketed from the outset.

    Key metrics for May 2025 Space Coast Market Data include:

    * Single-family homes: closed sales down 1.4%, cash sales up 11.1%

    * Condos & townhomes: closed sales down 26.2%, cash sales down 24.7%

    The single-family market remains stable, with prices holding firm, but competition is rising due to increased inventory availability. Sellers need to price wisely and move quickly while buyers are gaining more options. The condo and townhouse market has cooled, with more listings, fewer sales, and a longer time on the market giving buyers the upper hand.