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09/10/2026

CNBC's Diana Olick reports that higher mortgage rates continue to weigh heavily on prospective homebuyers even as housing inventory increases in many local markets.

Key points from her reporting on inventory and interest rates include:

Rising Rates vs. Inventory:

Although housing supply has improved and reached multi-year highs in various regions, climbing mortgage rates (pushing 30-year fixed rates near or above 6.8%) continue to freeze out many traditional buyers and stall sales.

Impact on Sales:

Despite inventory showing gains—such as reaching a near 5-month supply—overall existing home sales have continued to slip because high rates and elevated prices severely challenge affordability.

Buyer Adaptability & Risk:

Higher rates are forcing more buyers to turn to riskier loan products, such as adjustable-rate mortgages (ARMs), in an attempt to lower initial monthly payments.

Investor Slowdown:

The combination of stubborn prices, high borrowing costs, and slow-moving inventory has also caused real estate investors and flippers to pull back significantly on purchase activity.

07/17/2026

A quick recap of the Brevard County Single Family Homes for June 2026:

• Closed Sales are up 7.8% for June 2026 in which the number of units closed was 1,033 compared to 958 in June 2025, with an increase in cash sales of 15.1%.
• New Pending Sales are up 2.9% and New Listings are down -3.4%.
• The Median Sales Price for Brevard County Single Family Homes is up 2.6% to $400,000 compared to a year ago, which was $389,950.
• Months' Supply of Inventory is down -21.7% to 3.6 months, a decrease from 4.6 months in June 2025.
• Traditional Sales are up 7.7% with a median sales price of $400,000.
• Foreclosure/REO Sales are up 60.0% with 8 closed sales and a median sales price of $215,000.
• Short Sale Closings are down -50.0% with 1 closed sale and a median sales price of $300,000.

What this means: In June 2026, the Brevard County Single Family Housing market continued to show strength, with more homes selling than during the same time last year and an increase in cash purchases. Buyer demand remained steady, with more homes going under contract while fewer new listings entered the market, creating a more competitive environment. Home values continued to rise, with median prices increasing compared to the previous year. Inventory levels declined, giving buyers fewer options and strengthening conditions for sellers. Traditional sales remained the primary driver of the market, while foreclosure and short sale activity accounted for only a small share of overall sales.

A quick recap of the Brevard County Townhouses/Condos for June 2026:

• Closed Sales are up 25.3% for June 2026 in which the number of units closed was 223 compared to 178 in June 2025, with a decrease in cash sales of -4.9%.
• New Pending Sales are up 21.9% and New Listings are down -3.3%.
• The Median Sales Price for Brevard County Townhouses/Condos is down -2.2% to $269,000 compared to a year ago, which was $275,000.
• Months' Supply of Inventory is down -25.6% to 6.4 months, a decrease from 8.6 months in June 2025.
• Traditional Sales are up 23.7% with a median sales price of $268,000.
• Foreclosure/REO Sales are up 300.0% with 4 closed sales and a median sales price of $762,500.
• Short Sale Closings are N/A with 0 closed sales and a median sales price of (no sales).

What this means: In June 2026 the Brevard County Townhouse and Condominium market showed increased sales activity, steady buyer demand, and more balanced conditions. While prices adjusted slightly, inventory remained healthy, creating opportunities for both buyers and sellers in a stable market.

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05/15/2026

A quick recap of the Brevard County Residential Report for April 2026:

• Closed Sales are down -8.7% for April 2026 in which the number of units closed was 880 compared to 964 in April 2025, with a decrease in cash sales of -6.3%.
• New Pending Sales are down -6.0% and New Listings are down -9.2%.
• The Median Sales Price for Brevard Single Family homes is 0.0% to $375,000 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 April 2025.
• Traditional Sales are down -9.1% with a median sales price of $375,720.
• Foreclosure/REO Sales are up 57.1% with 11 closed sales and a median sales price of $222,500.
• Short Sale Closings are down -100.0% with 0 closed sales and a median sales price of (no sales)

A quick recap of the Brevard County Townhouses/Condos for April 2026:

• Closed Sales are up 2.3% for April 2026 in which the number of units closed was 218 compared to 213 in April 2025, with a decrease in cash sales of -0.9%.
• New Pending Sales are up 18.7% and New Listings are down -6.3%.
• The Median Sales Price for Brevard Townhouses/Condos is up 0.4% to $286,000 compared to a year ago, which was $285,000.
• Months' Supply of Inventory is down -18.2% to 7.2 months, a decrease from 8.8 months in April 2025.
• Traditional Sales are up 1.9% with a median sales price of $282,000.
• Foreclosure/REO Sales are N/A with 1 closed sale and a median sales price of $775,000.
• Short Sale Closings are N/A with 0 closed sales and a median sales price of (no sales).

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04/17/2026

You will find monthly, quarterly, and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website. In addition, there are Yearly Distressed Market Summaries for both types of properties.

A quick recap of the Brevard County Residential Report for March 2026:

• Closed Sales are up 7.2% for March 2026 in which the number of units closed was 935 compared to 872 in March 2025, with a decrease in cash sales of -0.4%.
• New Pending Sales are down -3.3% and New Listings are down -12.7%.
• The Median Sales Price for Brevard Single Family homes is up 2.0% to $369,999 compared to a year ago, which was $362,915.
• Months' Supply of Inventory is down -17.8% to 3.7 months, a decrease from 4.5 months in March 2025.
• Traditional Sales are up 6.3% with a median sales price of $370,000.
• Foreclosure/REO Sales are up 150.0% with 15 closed sales and a median sales price of $212,000.
• Short Sale Closings are 0.0% with 2 closed sales and a median sales price of $231,500.

A quick recap of the Brevard County Townhouses/Condos for March 2026:

• Closed Sales are up 11.5% for March 2026 in which the number of units closed was 213 compared to 191 in March 2025, with an increase in cash sales of 7.4%.
• New Pending Sales are down -2.3% and New Listings are down -22.1%.
• The Median Sales Price for Brevard Townhouses/Condos is down -11.0% to $275,000 compared to a year ago, which was $309,000.
• Months' Supply of Inventory is down -14.0% to 7.4 months, a decrease from 8.6 months in March 2025.
• Traditional Sales are up 11.1% with a median sales price of $285,000.
• Foreclosure/REO Sales are up 200.0% with 3 closed sales and a median sales price of $179,028.
• Short Sale Closings are down -100.0% with 0 closed sales and a median sales price of (no sales).