are we in a housing bubble – Cocoa Beach Insider

Eric is pointing to a pile of money in a front yard with the text Seller Concessions over it

Seller Concessions and Market Insights for July 2025

August 15, 2025

Price changes are up. We are seeing almost 2,000 price adjustments per month with 1971 this July
Day on market is hovering around 70 days on market for a contract with 69.44 days in July
The average sales price is down slightly from July 2024, with 426,808 as the average sales price
Median sales price is also trending down from July 2024, with $354,985 as the median sales price
… More Seller Concessions and Market Insights for July 2025

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2025 Brevard County Real Estate Trends: Inventory Surge & Sales Insights

February 14, 2025

2025 is starting off with new highs and lows from the get-go! It’s going to be an interesting year. As you know, our active inventory has been steadily climbing the last few years. Our January inventory is 5,180 which is up 30% over 2024. This is the highest our inventory has been since February 2011. … More 2025 Brevard County Real Estate Trends: Inventory Surge & Sales Insights

BUYERS YOU SHOULD STOP WAITING

July 30, 2024

If you have been wondering when the right to Buy a house is…Your time is here. Active inventory is up 17% from the beginning of the year. New property on the market is up 24% over the 1st half of 2023. Days on market is up 41% over the 1st half of 2023. Bank Owned sales are up 20%. … More BUYERS YOU SHOULD STOP WAITING

April 2024 Housing Market Update

May 24, 2024

We are seeing some records being set in 2024.
Inventory is the highest we have since 2011
New inventory is the highest I have ever seen (25% more property coming on the market than last year)
It is taking longer to sell a property this year. Days On Market are up 35%
Our months supply of property is up 68% over last year … More April 2024 Housing Market Update

February 2024 Housing Market Update

March 15, 2024

Seller’s are realizing this is no longer the hyper-active Sellers Market that we were experiencing from 2020-2023. Price matters. The condition of your property matters. Buyers have choices as they enter our housing market. We had our 5th month in a row with under 1000 sales in Brevard County. We also had more prices changes… … More February 2024 Housing Market Update

Florida Real Estate: Buckle Up!!

October 13, 2023

We are ¾ of the way through 2023 and the best way to describe our market is frozen… stifled…dormant…lethargic…stagnant…stalemat…jammed up…Has the cost of homeowners insurance and high interest rates had an effect on the Florida real estate market? … More Florida Real Estate: Buckle Up!!

May 2023 Housing Market Update Brevard County and Cocoa Beach

June 16, 2023

How’s the market?? I say surprisingly active. Our sales are actually up over last May’s numbers. I am also saying we are 100% in a seller’s market. If you remember a seller’s market is anything under a 4-month supply of property available. … More May 2023 Housing Market Update Brevard County and Cocoa Beach

March 2023 Housing Market Update Brevard County and Cocoa Beach Florida

April 14, 2023

Let’s talk about signs of a housing market crash. The inventory will definitely begin to rise. The number of sales will be dropping below recent trends. Prices would start dropping. Foreclosures would be on the rise. Here is what’s happening in Brevard County Florida … More March 2023 Housing Market Update Brevard County and Cocoa Beach Florida

February 2023 Housing Market Update Brevard County

March 10, 2023

Is a total housing market crash still coming?? Maybe…I believe any major adjustment in our housing market happened in 2022 with the increase of interest rates. If the rates spike to over 7% or test the 8% levels, we will see another slowdown in buyer patterns. If they drop to under 6% we will see a spike in new buyers … More February 2023 Housing Market Update Brevard County

October 2022 Housing Market Update Cocoa Beach Florida

November 22, 2022

Sales have slowed and appear to be in line with the sales we were seeing in 2018 & 2019. Yet, we have not seen sales dip below 1000 properties per month. Here is a breakdown of our numbers for October 2022. … More October 2022 Housing Market Update Cocoa Beach Florida

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