Q1 2025 Market Snapshot
As we close out the first quarter of 2025, three clear market segments have emerged—each responding differently to economic pressures, affordability challenges, and buyer sentiment. In today’s shifting landscape, buyers want guidance, not guesswork, and sellers are leaning into proven strategy.
First Quarter Market Update
Trends we’ve observed looking back on March and the 1st quarter of 2025:
$1M+ Market: Pending sales are up year-over-year from November to now, showing continued strength in the luxury sector.
$400K–$600K Market: Pending sales are down year-over-year, reflecting ongoing affordability challenges.
Oceanfront Condo Market: Pending sales—especially in older buildings—have declined due to uncertainty around state-mandated Structural Integrity Reserve Studies and future costs.
Market Conditions: Affordability remains a major factor, with interest rates just under 7% and rising insurance and tax costs. The luxury market, however, is more influenced by the stock market and global events.
Consumer Behavior: Buyers are seeking informed advisors to help them navigate risk, while sellers are focused on maximizing equity through proven strategies.
Our Team: Our Q1 sales are up 40% year-over-year, a clear signal that serious clients are seeking out experience and results.
Trends we’ve observed looking back on March and the 1st quarter of 2025:
$1M+ Market: Pending sales are up year-over-year from November to now, showing continued strength in the luxury sector.
$400K–$600K Market: Pending sales are down year-over-year, reflecting ongoing affordability challenges.
Oceanfront Condo Market: Pending sales—especially in older buildings—have declined due to uncertainty around state-mandated Structural Integrity Reserve Studies and future costs.
Market Conditions: Affordability remains a major factor, with interest rates just under 7% and rising insurance and tax costs. The luxury market, however, is more influenced by the stock market and global events.
Consumer Behavior: Buyers are seeking informed advisors to help them navigate risk, while sellers are focused on maximizing equity through proven strategies.
Our Team: Our Q1 sales are up 40% year-over-year, a clear signal that serious clients are seeking out experience and results.
Explore our digital brochure for deeper insights into the Space Coast luxury and waterfront real estate market, including emerging trends, challenges, and how to navigate this evolving market successfully.