Hello Space Coast Community! Remember what one of our agents said last quarter? "Aaron, I kind of like being a buyer's agent right now." That sentiment continues to ring true as we reflect on the second quarter of 2025. The Space Coast real estate landscape is still leaning in favor of buyers, with more inventory, softer prices, and growing room for negotiation.
Whether you’re actively watching the market or just starting to consider your next move, the trends we’re seeing in Brevard County are worth a closer look. Let’s break it all down together.
📈 The Buyer’s Market Builds Momentum
The shift we noted toward the end of 2024 has carried into 2025. What we’re seeing is no longer just a hint of change. It is a solid step into a buyer-friendly market. Gone are the days of rapid fire bidding wars and escalating offer prices. Instead, sellers are becoming more strategic and realistic, giving buyers stronger negotiating power than we’ve seen in a while.
As we shared previously, leaning too heavily on outdated comps can be misleading in this climate. Market value today is increasingly determined by what current buyers are actually willing to pay. For those who are ready to make a move, that opens the door to more favorable terms.
📊 Brevard County Q2 2025: Inventory and Price Trends
The latest numbers from the second quarter of 2025 tell a clear story of stabilization and shifting leverage.
In the single-family home market, closed sales were down modestly by 3.5 percent compared to Q1 2024. The median sale price stayed relatively flat, dipping just 0.2 percent. The real standout here is the inventory increase, up by 25 percent, which brings us to 4.5 months of supply. Entry-level homes priced under $350K in particular are moving quickly, with strong demand continuing in that range.
In the condo and townhome sector, the buyer’s edge is even more pronounced. Closed sales fell by 8.8 percent and the median sale price dropped by 1.7 percent. Most notable is the significant jump in available inventory, up by 45.8 percent, which now gives us 8.6 months of supply. This clearly puts buyers in the driver’s seat.
🏦 Interest Rates and the Waiting Game
As we mentioned in our last update, mortgage interest rates remain a key influence on buyer behavior. The conventional 30-year fixed rate continues to hover between 6.75 and 7 percent, prompting many would-be buyers to hold off in hopes of future rate drops.
However, as we’ve said before, waiting indefinitely for a dramatic rate shift could mean missing the opportunity in front of us today. These current rates may well be the new normal for the foreseeable future, and when combined with today’s buyer-friendly conditions, it could still be the right time to make a move.
💡 Buyers: The Advantage Is Yours
With rising inventory, softer pricing, and more flexible sellers, buyers have more choices and more negotiating room than we’ve seen in recent years. The competition isn’t as fierce and many sellers are open to offering concessions. That means today’s buyers can find not only the right home, but potentially a better deal too.
At Island Pineapple Realty, we believe you deserve to Love Where You Live. Whether you’re a first-time buyer, a growing family searching for more space, or someone looking to downsize with ease, we’re here to help guide your next chapter with clarity and care.
🏡 Let’s Chart Your Next Move
Real estate is always evolving and having a team you can trust makes all the difference. At Island Pineapple Realty, we’re passionate about helping our neighbors navigate these changing conditions with confidence.
If you’re ready to explore your options or just want to chat about what this market means for you, we’re here to help. Reach out anytime and let’s turn your real estate goals into a reality you’ll love.
