November Pending Sales Surge
Pending sales rose 27% YOY for homes over $1M and 7% across all price points.
December’s inventory held steady at around 4,200 properties, defying seasonal trends. Melbourne homes averaged 54 days on the market—double last year—while 50% saw price reductions. Affordability challenges will likely pressure prices in 2025, but buyers can capitalize on increased inventory and motivated sellers. Sellers must price strategically to attract post-election demand.
Explore our digital brochure for an in-depth look at the Space Coast’s luxury and waterfront real estate trends, key insights, and strategies to navigate this evolving market: