March 2025 Brevard Real Estate Market Update – What It Means for You by Bobby Freeman
ABOVE VIDEO – March 2025 Space Coast Real Estate Market Update! Presented by Bobby Freeman of McCoy Freeman Compass — your trusted Space Coast real estate expert with over 20 years of local knowledge. Whether you’re planning to buy or sell, staying on top of the latest market trends is key to making your best move.
🌴 March 2025 Real Estate Market Update – What It Means for You
Hey, it’s Bobby Freeman with McCoy Freeman Compass, and I wanted to give you a quick update on what’s happening in the Brevard County real estate market — and more importantly, what it means if you’re thinking about buying or selling here on Florida’s Space Coast.
🏠 For Single-Family Homes
We’re seeing a gradual cooling in the market. Fewer homes sold this March compared to last year, and prices are starting to soften — the median sales price for a single-family home dipped just below $363,000.
The big shift? Inventory is rising. That means buyers now have more options and less pressure to compete in bidding wars. If you’re a buyer, this could be the opening you’ve been waiting for. You may be able to negotiate better terms, ask for seller credits, or even get a home for under asking — something that wasn’t very common a year ago.
If you’re selling, you’ll want to be strategic. Homes are still selling, but pricing matters more than ever. Buyers are savvy, and with more choices on the market, your property needs to stand out — whether that’s through pricing, presentation, or flexibility with terms.
🏢 For Condos and Townhomes
The condo market is shifting too. Sales dropped off more sharply here, but prices are still holding steady for now. The key difference? There’s a lot more inventory — over 8 months’ supply. That’s well into buyer’s market territory.
If you’ve been thinking about selling a condo, you’ll want to act sooner rather than later — before rising supply starts putting downward pressure on prices. Presentation, timing, and pricing will be critical.
Buyers? You’ve got leverage here. There are more options, and sellers are more open to negotiating. If you’re eyeing a vacation condo or second home near the beach, now is a great time to explore what’s out there.
📌 My Take
We’re not seeing a crash — just a shift. The market is normalizing after a few intense years. For buyers, it’s a great time to re-enter with more negotiating power. For sellers, it’s all about being realistic and working with an agent who knows how to position your property in today’s landscape.
Whether you’re looking to make a move or just want to talk through your options, I’m here to help. Let’s connect and build a strategy that works for you.
🏢 Townhouses & Condos – March 2025 Snapshot
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Closed Sales: Down 19.4% (191 units vs. 237 in March 2024)
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Cash Sales: Down 12.2%
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New Pending Sales: Down 10.6%
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New Listings: Up 2.3%
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Median Sales Price: Up 3.0% to $309,000
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Inventory: Up 45.8% to 8.6 months’ supply
🔑 Distressed Sales:
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Traditional Sales: Down 19.9%, median price $309,000
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Foreclosures/REO Sales: 1 closed, median price $145,000
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Short Sales: 1 closed, median price $335,000
🏠 Single-Family Homes – March 2025 Snapshot
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Closed Sales: Down 6.3% (872 homes vs. 931 in March 2024)
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Cash Sales: Down 13.5%
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New Pending Sales: Down 1.4%
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New Listings: Up 1.7%
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Median Sales Price: Down 4.4% to $362,915
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Inventory: Up 25% to 4.5 months’ supply
🔑 Distressed Sales:
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Traditional Sales: Down 6.3%, median price $365,000
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Foreclosures/REO Sales: Down 14.3% (6 closed), median price $186,450
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Short Sales: 2 closed, median price $295,000
