06/15/2026
A quick recap of the Brevard County Residential Report for May 2026:
Closed Sales are down -14.0% for May 2026 in which the number of units closed was 908 compared to 1,056 in May 2025, with a decrease in cash sales of -33.2%.
New Pending Sales are down -3.1% and New Listings are down -7.4%.
The Median Sales Price for Brevard Single Family homes is up 2.7% to $385,000 compared to a year ago, which was $375,000.
Months' Supply of Inventory is down -19.6% to 3.7 months, a decrease from 4.6 months in May 2025.
Traditional Sales are down -14.5% with a median sales price of $385,000.
Foreclosure/REO Sales are up 57.1% with 11 closed sales and a median sales price of $175,000.
Short Sale Closings are 0.0% with 3 closed sales and a median sales price of $390,000.
What this means:
The Brevard County residential market in May 2026 experienced a slowdown in overall sales activity, with fewer homes closing compared to the same time last year. Buyer activity also eased, as both pending sales and new listings declined, while cash purchases became less common. Despite the softer pace, home values remained resilient, with median sales prices continuing to rise. Inventory tightened, resulting in fewer homes available on the market than a year ago. Traditional sales followed the broader trend of reduced activity, while foreclosure sales saw a modest increase but remained a small portion of the market. Short sales continued to represent only a limited share of transactions. Overall, the market reflects lower transaction volume alongside steady home values and a more constrained supply of available homes.
A quick recap of the Brevard County Townhouses/Condos for May 2026:
Closed Sales are up 12.5% for May 2026 in which the number of units closed was 234 compared to 208 in May 2025, with an increase in cash sales of 13.9%.
New Pending Sales are up 20.7% and New Listings are down -11.0%.
The Median Sales Price for Brevard Townhouses/Condos is up 0.5% to $275,000 compared to a year ago, which was $273,500.
Months' Supply of Inventory is down -21.6% to 6.9 months, a decrease from 8.8 months in May 2025.
Traditional Sales are up 14.1% with a median sales price of $275,000.
Foreclosure/REO Sales are down -100.0% with 0 closed sales and a median sales price of (no sales).
Short Sale Closings are N/A with 0 closed sales and a median sales price of (no sales).
What this means:
The Brevard County townhouse and condominium market showed encouraging momentum in May 2026, with more properties closing and stronger buyer activity compared to the same time last year. Cash purchases also increased, reflecting continued confidence in the market. Pending sales climbed while fewer new listings came on the market, suggesting demand is outpacing the addition of new inventory. Home values remained stable with a slight increase in median sales price, and the available inventory tightened, giving buyers fewer options than a year ago. Traditional sales continued to perform well, while there were no foreclosure or short sale closings during the month. Overall, the market demonstrated healthy demand, steady pricing, and a competitive environment for buyers and sellers alike.
