How’s the market?? The Brevard housing market just got busier…but not necessarily hotter. Here’s what changed in October. Inventory is dropping, and sales are improving slightly. It is taking longer for a property to sell, and the median sales price from the Space Coast MLS dropped 5%. … More Are Buyers Finally Catching a Break on the Space Coast?
Active short sale & foreclosure listings (distressed properties) are up 20% over last month. Foreclosure sales more than doubled over the previous month, and short sales tripled. Could the doom and gloom headlines be right? … More Rising Distressed Properties in Space Coast: May 2025 Trends
There are a lot of properties for sale. We ended April with 5,575 properties on the market. There’s no way to sugar coat it, we have more homes on the market than we have seen in 15 years. … More This Can Change Everything
Most of the homes being sold are happening below the list price. With the number of properties on the market, you have the ability to negotiate the price, repairs, and/or credits towards your closing costs. 32% of the closings had some type of Seller credit to the Buyer. The average amount was $8,200 … More Comparing 2024 & 2025: Space Coast Real Estate Market Performance
Days on market, the time it is taking a property to sell on average, continues to creep higher. We averaged 77 days in February. Yes, this is the highest we have seen in some time. Fortunately, we are still well under 100+ DOM that we saw in 2011 & 2012. … More Inventory Insights: Brevard County Housing Market
What do I see happening with our real estate market? I see our inventory continue to grow and return to levels similar to 2017, 2018, and 2019 and our sales will also be similar. 3000-4000 properties available with 1100-1300 sales per month. … More Housing Market Update June 2022 Brevard County and Cocoa Beach Florida
I think the market is simply tapping the brakes. It’s not like a bad accident on I-95 where traffic is shut down but more like a slight backup in traffic that occurs when the barge canal drawbridge is up on SR3 in Merritt Island. … More Housing Market Update May 2022 Brevard County and Cocoa Beach Florida
There are no signs that our sales will be slowing down in 2021 or even further out. We have been consistently selling 13,800 or more properties a year the last 5 years (1201 per month average) For our inventory to return to a balanced market, at least a 4 month supply; we would need to see a flood of property coming on the market over the next 12-18 months & I do not see that happening. … More Housing Market Recap 2020 Brevard County and Cocoa Beach Florida
How’s the market? That is an interesting question right now. The coronavirus has changed how we live right now and has put a lot of people on furlough or they no longer have a job. How is this going to impact the real estate market and our local economy? … More Cocoa Beach Real Estate Update 1st Quarter 2020
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