Market Intelligence Report — FL-340

Palm Bay-Melbourne-Titusville, FL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-FL-07
As of the latest 2026 data
Cooling

Median Listing

$375K
-1.6% YoY

Pending Ratio

0.40
+7.4% YoY

Active Inventory

3,625
-18.8% YoY

Median DOM

68 Days
-8.7% YoY

Primary Intelligence Tool — Sold Score™

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The Palm Bay-Melbourne-Titusville market exhibits cooling conditions, with a pending ratio of 0.40 indicating moderating demand absorption relative to available inventory. Active listings have contracted by 18.8% year-over-year, alongside a modest 1.6% year-over-year decline in the median listing price.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.8%+0.7 pp YoY

Unemployment rate · Jun 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

663,982+1.2% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

385+30.0% YoY

Building permits (private housing units) · Jun 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Palm Bay-Melbourne-Titusville market right now.

Active listings have decreased by 18.8% over the past year, while new listings also saw a 4.7% year-over-year reduction. Despite this inventory contraction, the pending ratio, currently at 0.40, suggests demand is not outpacing supply at a level that would generate significant price appreciation, though it has increased by 7.4% year-over-year from a lower base. Median days on market improved by 8.7% year-over-year to 68 days, yet the price-reduced share remains elevated at 23.3%.

Historical Analysis

Market Trends

Median Price

$375K+0.0% MoM

Active Inventory

3,625-18.8% YoY

Days on Market

68-8.7% YoY

Sold Score™

54+7.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

54
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market dynamics suggest a moderating pace of transactions and diminishing inventory pressure. While demand absorption is stable, it does not strongly favor rapid negotiations or significant price premiums. Price discipline remains important as the market navigates a more measured environment.

Luxury Segment

The average listing price increased by 0.1% year-over-year to $504,137, while the median listing price declined by 1.6% to $375,000. This widening spread, coupled with a 4.2% year-over-year decrease in median price per square foot, points to some softness at the higher price tiers within the market.

Supply Dynamics

3,625 active listings represent the current floor, with new supply arriving at roughly 1,132 per month.

Pricing Pressure
23.3%

of active listings carry a price reduction, -3.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -4.2% year-over-year.

Absorption
0.40

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Palm Bay-Melbourne-Titusville, FL? Homes here are taking 6 days less to sell than last year.

Buyers have leverage in Palm Bay-Melbourne-Titusville, FL. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
40%
Median Days on Market
68 days
Inventory YoY
−19%

In a buyer's market, strategy beats timing. See how your home scores in Palm Bay-Melbourne-Titusville, FL and what moves the number.

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The Monthly Briefing

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Metro Demographics

Metro Area
Palm Bay-Melbourne-Titusville, FL
CBSA Code
37340
State
FL

ZIPs in Palm Bay-Melbourne-Titusville, FL

Sorted by active inventory · click a ZIP for its full report