BOBBY FREEMAN: What June’s Housing Numbers Mean for Buyers and Sellers on Florida’s Space Coast

Single-Family Home Market: Still Competitive, but More Balanced

WATCH: Thinking about buying or selling this summer? Don’t make a move without watching this! Bobby & Nikki Freeman reveal what June’s numbers really say about the Space Coast market—and where the opportunities are.

BREVARD COUNTY, FLORIDA — The June 2025 housing market update for Florida’s Space Coast reveals a tale of two markets: single-family homes and condos/townhouses, each telling a distinctly different story. Whether you’re buying, selling, or simply watching the market, here’s what the latest Brevard County data means for you.

Single-Family Home Market: Still Competitive, but More Balanced

Sales are up. Prices are rising. And inventory is slowly building.

In June 2025, single-family home sales increased 5.7% year-over-year, with 958 homes closing, compared to 906 in June 2024. Even more telling: cash sales jumped 14.4%, showing strong confidence from investors and well-qualified buyers.

What Buyers Should Know:

■ More competition is returning, with pending sales also up 4.2%.
■ Prices are climbing, now at a median of $389,950 (up 4% from a year ago).
■ Inventory is improving—up to 4.6 months—giving you more choices and slightly less pressure than in past years.
■ Translation: It’s still a seller-favored market, but buyers are finally seeing more options and time to make decisions. If you’re waiting for a “crash,” this data shows stable, sustained growth instead.

What Sellers Should Know:

■ Demand remains strong. With more closings and more pending contracts, buyers are still active, especially cash buyers.
■ Now is a good time to list. With limited new listings and more homes going under contract, properly priced homes are getting attention.
■ Don’t overprice. As inventory rises, buyers will compare options. Strategic pricing is key.
■ Traditional sales were up 6.1% with a healthy median price of $390,000. Foreclosures and short sales remain rare, which signals overall financial strength in the local market.

Condo & Townhouse Market: A Shift Toward Buyers

On the flip side, the condo and townhouse market is cooling.

■ Sales decreased 14.5% year-over-year (213 units sold vs. 249 units sold in June last year).
■ Cash sales fell 24.7%, and pending sales declined sharply by 27%.
■ New listings dropped 12.3%, and prices dipped 13.6% to a median of $285,000.
■ Inventory jumped to 8.8 months—well above the 6-month threshold for a balanced market.

What Buyers Should Know:

■ It’s your market right now. With more inventory and fewer bidding wars, buyers have negotiating power.
■ Prices have softened, especially for sellers who need to move quickly or haven’t updated their units.
■ Patience can pay off, especially if you’re looking for a second home or investment property.
■ For beachside buyers, especially in Cocoa Beach and Cape Canaveral, now may be the time to make a move while sellers are more flexible.

What Sellers Should Know:

■ Expect longer days on market. Buyers have more to choose from and are taking their time.
■ Presentation and pricing matter more than ever. Units that are updated, staged, and priced right are still moving—but you have to stand out.
■ Work with a local expert who understands today’s buyer mindset and can market your property effectively in a shifting environment.

“We’re definitely seeing a more value-driven buyer in today’s condo market,” says Nikki Freeman of McCoy Freeman Compass.
“They’re willing to act—but only if the property is priced right and move-in ready. That’s why strong marketing and local experience matter more than ever.”

Florida’s Space Coast real estate market remains active and full of opportunity, but the dynamics are shifting. Single-family homes continue to perform well, while the condo market is offering real bargains for patient buyers.

Whether you’re buying or selling, working with an experienced local agent who understands these trends can make all the difference in navigating today’s evolving market.

If you’re curious about what this means for your home or your next move, reach out to Bobby and Nikki Freeman with McCoy Freeman Compass—your trusted Space Coast real estate experts. www.mccoyfreeman.com.

Bobby Freeman, a lifetime resident of Brevard County, has been a top Realtor in the area for over two decades. In his first year as an agent, Freeman received a Rising Star award from his Brokers. Since then, he has received numerous sales awards from some of the world’s largest real estate firms.

Freeman, Jennifer McCoy and Nikki McCoy-Freeman are family owners of the McCoy-Freeman Real Estate Group on Florida’s Space Coast. Together they have more than 40 years of extensive experience in all aspects of the real estate industry, have sold over $420 million and are ranked in the top 1% of all Florida Realtors.

Among McCoy-Freeman Group’s achievements are being a Certified Luxury Home Marketing Specialist (CLHMS), a Certified Distressed Property Expert (CDPE), an Accredited Buyer’s Representative (ABR), and voted Best Realtor in Brevard County. The group has been featured in many news publications, including CNN Money Magazine, CNNMoney.com, WFTV 9 News, News 13, WKMG News 6, Coastal Condo Living Magazine, Hot Retirement Towns Magazine, and SpaceCoastDaily.com.

For more information, log on to BrevardRealtyConnection.com

TO SEE CONDO LISTINGS, LOG ON TO CocoaBeachCondoGallery.com

CLICK HERE FOR BREVARD COUNTY NEWS

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