Data Analysis
Brevard County sellers cut asking prices on 764 listings from October 20 to November 2, 2026, about two cuts for every listing that went into a contract, as new contracts fell 15 percent from early October.
Our Space Coast MLS feed logged 764 price cuts and 375 new contracts in two weeks. Condo and $1 million-plus cuts ran deepest, above 3.8 percent.
From October 20 through November 2, 2026, our live Space Coast MLS feed logged 764 price cuts and 375 listings moving into a contract in Brevard County, about 2.0 cuts for every new contract. In the prior two weeks, October 6 to 19, the feed logged 848 cuts and 442 contracts, or 1.9 per contract. New contracts fell about 15 percent, while new listings held flat at 519. The median cut was 2.8 percent, or $10,000, and 93 listings came back on the market from a contract, up from 74. The 764 cuts equal about 21 percent of the 3,560 active listings on our map. All figures are ours, computed from Space Coast MLS records; information is deemed reliable but not guaranteed.
This is a two-week read on listing activity. Recent Space Coast coverage looked at Palm Bay new construction, Cocoa Beach condos and the Cocoa Brightline station. Completed-month figures are in the Space Coast median price and days on market articles and on the Space Coast market data hub.
How did Brevard listing activity change in late October?
Contracts slowed while price cuts and new supply held near their early-October pace.
| Activity | Oct 6 to 19 | Oct 20 to Nov 2 |
|---|---|---|
| Price cuts | 848 | 764 |
| New contracts | 442 | 375 |
| New listings | 518 | 519 |
| Back on market from a contract | 74 | 93 |
| Price increases | 75 | 89 |
| Median price cut | 2.7% | 2.8% |
| Cuts per new contract | 1.9 | 2.0 |
Source: Momentum Research, computed from Space Coast MLS change log, October 6 to November 2, 2026. Each listing counted once per activity in each window. Deemed reliable but not guaranteed.
Of the 764 cuts in the latest window, 155 were 5 percent or more and 33 were 10 percent or more. Thirty-three listings were cut twice in the two weeks, and 29 listings that took a cut went into a contract before November 2. The median listing that took a cut was priced at $350,495 before the cut, close to the $349,990 median list price of the homes that went into a contract.
Which property types took the deepest cuts?
Condos. The median condo cut was 3.9 percent, against 2.7 percent for single-family homes.
| Property type | Price cuts | Median cut | New contracts | Contracts, prior 2 weeks | Active, Nov 3 |
|---|---|---|---|---|---|
| Single-family | 565 | 2.7% | 286 | 328 | 2,424 |
| Condo | 117 | 3.9% | 40 | 63 | 695 |
| Townhouse | 46 | 2.3% | 29 | 31 | 248 |
| Manufactured | 32 | 2.8% | 19 | 19 | 152 |
Source: Momentum Research, change log October 20 to November 2, 2026, and live map snapshot, November 3, 2026. Deemed reliable but not guaranteed.
Condo contracts fell from 63 to 40, the sharpest drop of any type, and condo sellers ran about 2.9 cuts per contract. Townhouses held their contract pace with the shallowest cuts. Condo buildings and their fees are listed on our Brevard County condo communities page.
Where on the Space Coast were the price cuts?
Palm Bay and Melbourne accounted for half of them.
| City | Price cuts | New contracts | Contracts, prior 2 weeks | Back on market | Median cut | Active, Nov 3 |
|---|---|---|---|---|---|---|
| Palm Bay | 231 | 106 | 116 | 32 | 2.9% | 1,097 |
| Melbourne | 146 | 87 | 86 | 20 | 2.8% | 620 |
| Titusville | 69 | 30 | 42 | 6 | 2.7% | 292 |
| Cocoa | 68 | 30 | 39 | 9 | 2.5% | 236 |
| Merritt Island | 39 | 16 | 29 | 4 | 2.3% | 188 |
| Cocoa Beach | 35 | 14 | 13 | 1 | 4.1% | 188 |
| Rockledge | 27 | 20 | 28 | 5 | 2.6% | 160 |
| Cape Canaveral | 19 | 6 | 16 | 3 | 4.4% | 130 |
Source: Momentum Research, change log October 20 to November 2, 2026, and live map snapshot, November 3, 2026. City follows the listing address. Deemed reliable but not guaranteed.
Melbourne was the only large city where contracts held steady, 87 against 86. Merritt Island contracts fell from 29 to 16 and Cape Canaveral's from 16 to 6. On the barrier island, Cocoa Beach and Cape Canaveral sellers cut deepest, at medians above 4 percent, in line with their condo-heavy supply. Palm Bay had 32 listings return to market from a contract, the most of any city. Prices for each city are on the Palm Bay, Melbourne, Titusville, Cocoa, Merritt Island, Cocoa Beach, Rockledge and Cape Canaveral market pages.
Which price ranges slowed the most?
The middle of the market. Contracts on homes listed from $400,000 to $599,999 fell from 101 to 71, about 30 percent.
| Price band | Price cuts | Median cut | New contracts | Contracts, prior 2 weeks | Active, Nov 3 |
|---|---|---|---|---|---|
| Under $300,000 | 237 | 3.5% | 126 | 153 | 1,093 |
| $300,000 to $399,999 | 247 | 2.5% | 124 | 126 | 1,064 |
| $400,000 to $599,999 | 168 | 2.8% | 71 | 101 | 766 |
| $600,000 to $999,999 | 79 | 2.5% | 39 | 50 | 411 |
| $1 million and above | 33 | 4.2% | 15 | 12 | 226 |
Source: Momentum Research, change log October 20 to November 2, 2026. Cuts are banded by the price before the cut; contracts by list price. Deemed reliable but not guaranteed.
The $300,000 to $399,999 band held its contract pace, 124 against 126. Homes at $1 million and above added contracts, 15 against 12, but sellers there took the deepest median cut, 4.2 percent. New-construction listings took 64 of the cuts at a 2.6 percent median, against 2.9 percent for resales, and accounted for 50 of the 375 new contracts.
What does this mean for buyers and sellers?
For buyers, about one active Brevard listing in five took a cut in two weeks, and condos and the barrier island show the most room on price. Compare carrying costs before an offer with the Palm Bay and Melbourne insurance estimates, the Brevard County property tax calculator and the Brevard County HOA fees page.
For sellers, the median cut has settled near $10,000, and 93 deals fell back to market in two weeks. Pricing near the $350,000 middle of contract activity and having inspection and insurance documents ready can help a listing go under contract and stay there. Month-by-month pace is in our Space Coast Market Pulse.
People also ask
Are home prices dropping in Brevard County?
Asking prices are being cut often. Our feed logged 764 price cuts in Brevard County from October 20 to November 2, 2026, with a median cut of 2.8 percent, or $10,000. Closed-sale medians are in our monthly Space Coast median price articles.
How many homes go under contract on the Space Coast each week?
About 190 a week in late October 2026. Our feed recorded 375 listings moving into a contract from October 20 to November 2 and 442 from October 6 to 19.
Are Cocoa Beach condo prices falling?
Condo sellers cut deeper than house sellers in late October 2026. The median condo cut across Brevard was 3.9 percent, and the median cut in Cocoa Beach, where most listings are condos, was 4.1 percent.
Limitations
Counts come from the change log of our live Space Coast MLS feed, which records a change when our refresh sees it. The feed logged very few changes on October 21, and the next day's refresh picked up the backlog, so day-level counts in the latest window are uneven, though two-week totals capture changes seen by November 2. A listing that changed more than once in a category within a window is counted once, and a change that reversed between refreshes may be missed. New contracts count moves from active to pending or under contract. Active counts are a live map snapshot and can differ from monthly inventory counts. Figures may be revised as the MLS updates records. This article is general information, not advice about any specific property or transaction.
Sources and links
- Momentum Research, computed from Space Coast MLS records, Brevard County (listing change log, October 6 to November 2, 2026; live map snapshot, November 3, 2026). Information is deemed reliable but is not guaranteed by the MLS to be accurate.
- Momentum Research, Space Coast Market Pulse.
- Full monthly series and per-feed attribution: Space Coast market data
Disclosure: Jon Brooks is a co-founder of Momentum Realty, a Florida real estate brokerage that owns and funds Florida Housing Intelligence. Momentum has a financial interest in Florida real estate transactions, including in markets named here. See our editorial standards.
Market statistics in this article are computed from MLS data licensed by Momentum Realty, and are current as of the date shown. Data may be preliminary and subject to revision by its source. This article is general information, not advice about any specific property, transaction, or financial decision, and is not a representation about any specific property, community, builder, or association.
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