The spring market is kicking in, and here is how we are starting 2026. January and February are traditionally the slowest months of the year, which is exactly how we are starting. We had 956 sales in February, slightly behind 2025, but I would say it is in line with what we typically saw pre-pandemic and is very similar to the last 2 years.
Active inventory is at 4781, which is still a high number, and I would say it is reasonable if we can maintain an average sales volume of 1100 properties this year. Buyers have a nice selection of property to choose from for our Spring Market.
Prices continue to soften throughout the county. The average sales price and the median sales price are the lowest we have seen in the last few years.
Seller concessions are a strong part of our market, with 34% of our February sales offering some type of credit to the Buyer. On average, the concession amount was $9,589. Where you are buying also has an impact on these concessions. In Palm Bay, 58.8% of the sales had a concession that averaged $12,522. Port St John, it was 43.5% of the sales and an average of $7522. Titusville had 37.3% of the sales and an average of $8297.
It is important to note that most of these higher concessions came from new-construction incentives. In many cases, these aren’t just small credits for repairs; they are large “incentive” blocks. In Palm Bay specifically, we see many concessions in the $15,000 to $20,000 range, which are typical of builders (like D.R. Horton or Lennar) offering to pay for a “permanent interest rate buy-down” for the buyer.
When nearly 6 out of every 10 sellers are paying over $12,500 at the closing table, it shows that the Palm Bay market is currently very much a “Buyer’s Market” where concessions are a standard part of the negotiation.
Do you have plans to buy a property in 2026?
Brevard County
Active inventory 4781
Sold Property 956
Months Supply 5 months
Average Price $416,569 2025 $443,749
Median Price $345,643 2025 $360,000
List/Sale ratio 93%
Average price per SqFt $ 226.93 SqFt
Days On Market 82.47
Property selling in less than 7 days 166 ( 17% of the sales)
Property selling over $1M 39
Highest price sale $2,910,687 Adelaide in Viera
Home sales under $200K 25
Cocoa Beach & Cape Canaveral
The condo market in Cocoa Beach and Cape Canaveral had a great February with 46 sales. This was the best February since 2022. I believe this is happening because condo prices have been coming down for most of 2025. The * is, the data for the first quarter of 2025 is skewed. In the first quarter of last year, the Surf condo recorded its initial sales. Including 20+ condo sales over $1M shows a significant drop in the average sales price. I could have led with the average condo sales price in Cocoa Beach dropping over $300,000, which is true… just not accurate. Looking at the median prices for the last 6 months of 2025 shows a more accurate picture of the beachside condo market. Prices have been trending down. Buyers are realizing this and are starting to entertain buying a condo near the beach again. You can find condos with nice views of the ocean starting at $500K. There is a nice selection of condos priced under $300K. You can even find a handful priced under $150K. Is this the year you get a condo near the beach?
Condos
| A: Price range $100K-$1.399 | S: Price Range $ 113K-$1.249M |
Active inventory 289
Sold condos 46
Months supply 6.28 Months
Average Price $397,750 2025 $734,271
Median Price $337,500 2025 $405,000
Average price per square foot $289.63
Days On Market 81.35
Condos selling under $200K 7
Single Family Homes
| A: Price range $480K-$4.895M | S: Price Range $775K-$1.2M |
Active inventory 71
Sold homes 4
Months supply 17.75
Average Price $1,006,250 2025 $537,500
Median Price $1,025,000 2025 $525,000
Average price per square foot $477.54
Days On Market 31.25
Homes selling under $600K 0
Homes selling over $1M 3
Viera/Suntree Area
Consistently, the best-selling zip code in the county is the 32940, which is the Viera area. There is a lot of new construction happening. There’s also a lot of resale properties happening. We had one of the strongest February’s in the last couple of years with 99 sales. There is a nice selection of homes available with 270 active listings. This puts the supply under 3 months with a 2.73 month’s supply. As you know, this is considered a Sellers market.
The best-selling communities in February were on the East side of 95 in Baytree. This exclusive golfing community had 9 sales ranging from $394,650 – $925,000. Below are the top 10 for the Viera area.
Keep an eye out for Farallon Fields. This is the newest community in West Viera will certainly be a best seller later in the year. Homes currently start in the low $500s to over $1M, depending on the floorplan. They have 24 floorplans to choose from, ranging from 1721 to 3825SqFt.
Let me know if you would consider a new home in Viera or if you would prefer a resale.
Single Family Homes
| A: Price range $ 229K-$5.5M | S: Price Range $265K-$2,910,687 |
Active inventory 270
Sold homes 99
Months supply 2.73
Average Price $ 652,047 2025 $636,263
Median Price $570,000 2025 $601,191
Average price per square foot $269.57
Days On Market 66.26
Homes selling under $500K 41
Homes selling over $1M 10
A lot of what will happen in our housing market is tied to the current interest rate. We did see a recent dip below 6%, but that might be short-lived considering what is happening in the Middle East and how the rising gas prices will have an impact on the economy. Even if rates do return to the low 6% range, that is not a terrible rate to have. Remember, buyers today have leverage due to the large selection of homes for sale. Sellers are negotiating on the price, on concessions towards closing costs, and are also doing repairs. If you are waiting for a lower rate, you might lose a little on other negotiations if there is a large uptick of other Buyers coming into the market.
Questions about this information or an upcoming move, just know that I am here to help. Leave a comment below or grab a time on my schedule and let’s have a discussion.
Eric Larkin is a Broker Associate with Real Broker, LLC. He lives, works, and plays in the Cocoa Beach area. If you have questions about moving or relocating to Cocoa Beach and the Space Coast, let me know! I get calls, texts, direct messages & comments on my posts every day about the real estate market and things that are happening in Cocoa Beach and the Space Coast that I love answering. Ask me your questions on moving, relocating here, or anything about the community. I am here to help. I have been helping buyers and sellers with their real estate needs since becoming a real estate agent in 2003. My focus is always on helping, answering your questions, and doing everything possible to make certain you have a smooth transaction from beginning to end.
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