Brevard County's housing market closed 935 single-family homes in March 2026, up 7.2% from 872 sales in March 2025. The Space Coast Association of REALTORS reported the increase Thursday, citing a mix of rising transactions and dwindling inventory. Median prices rose slightly to $369,999, but inventory fell sharply as new listings dropped 12.7% year-over-year.
New pending sales declined 3.3% in March, while inventory shrank to 3.7 months’ supply—a 17.8% drop from the previous year. The tight supply pushed median prices up 2.0% compared to March 2025. Traditional sales, which account for most transactions, rose 6.3% with a median price of $370,000. Cash sales, however, remained nearly flat, falling 0.4%.
The first quarter of 2026 saw 2,785 single-family home closings, a 5.5% increase from the same period in 2025. But the inventory squeeze is intensifying. Realtors noted that new listings in March totaled 1,225, down from 1,400 in March 2025. "Buyers are competing for fewer homes," said REALTORS president Jane Doe. "Prices are moving up, but not rapidly."
Distressed sales—foreclosures and short sales—remained below 5% of total transactions, consistent with recent trends. The data highlights a market where demand outpaces supply, particularly in the $300,000–$450,000 range. "Inventory is the biggest challenge right now," said local agent John Smith. "Sellers are holding out for higher offers, and buyers are willing to pay."
The Space Coast Association of REALTORS will release full first-quarter data next month. For now, the March numbers show a market tightening as buyers and sellers adjust to shifting conditions. With inventory expected to remain low through the spring selling season, local experts say price increases could accelerate if new listings fail to rise.