How’s the Market with Jess Kibbey
Special Edition! 2025: What Really Happened
Brevard County Annual Review | 2025 vs 2024
The Space Coast real estate market in 2025 can best be described as a year of recalibration. Compared to 2024, the market moved away from extremes and into a more balanced, data-driven environment where pricing accuracy and strategy mattered more than momentum alone.
Single-Family Homes: Stability Over Speed
Single-family homes remained the strongest segment throughout 2025. While price growth moderated compared to 2024, demand stayed consistent, particularly for well-located homes priced realistically from the start. Buyers were active but more selective, focusing on value, condition, and long-term affordability rather than urgency.
Sales activity remained healthy, indicating that buyer interest never disappeared. Instead, buyers became more intentional. Homes that were overpriced or poorly positioned experienced longer marketing times, while properties aligned with market conditions continued to move efficiently. This marked a clear shift from 2024, when pricing missteps were more easily absorbed by rapid demand.
Condos and Townhomes: A Clear Market Shift
Condos and townhomes experienced the most noticeable year-over-year change. Compared to 2024, inventory increased and pricing softened, creating a more buyer-friendly environment. Days on market lengthened, and negotiations became more common, especially around price adjustments and concessions.
For buyers, this segment offered increased choice and leverage throughout much of 2025. For sellers, success depended on adjusting expectations, pricing competitively, and understanding that this segment no longer benefited from the same demand pressure seen in prior years.
Inventory and Market Balance
One of the defining characteristics of 2025 was balance. Inventory levels shifted just enough to slow competition without triggering a downturn. The market did not tip decisively in favor of buyers or sellers across the board. Instead, outcomes became property-specific, driven by location, condition, pricing, and timing.
This environment rewarded preparation. Sellers who approached the market with a clear pricing strategy and professional presentation performed well. Buyers who understood where leverage existed were able to negotiate more favorable terms, particularly outside the single-family home segment.
The Big Picture
2025 was not a correction year. It was a normalization year.
Compared to 2024, the Space Coast market became more disciplined, more transparent, and more reliant on strategy rather than speed. Buyers gained leverage in select segments, sellers gained clarity on what the market would and would not tolerate, and data became the most valuable decision-making tool on both sides of the transaction.
If you are considering buying or selling in 2026, understanding how the market evolved over the past year is essential. Real estate success on the Space Coast continues to come down to informed decisions, local insight, and pricing that reflects reality, not headlines.
Real data. Real insight. Straight talk about what’s changing and what it means for you. Contact me today.