Market Intelligence Report — FL-340

Palm Bay-Melbourne-Titusville, FL

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

Ref. No: 2026-FL-09
As of the latest 2026 data
Cooling

Median Listing

$370K
-2.4% YoY

Pending Ratio

0.36
+4.8% YoY

Active Inventory

3,554
-14.9% YoY

Median DOM

68 Days
-9.4% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Palm Bay-Melbourne-Titusville market?

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The Palm Bay-Melbourne-Titusville housing market is currently exhibiting cooling dynamics, characterized by a pending ratio of 0.36, indicating demand absorption is outpacing supply. Active listings have contracted by 14.9% year-over-year, alongside a 2.4% 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%+0.3 pp YoY

Unemployment rate · Aug 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

485+36.6% YoY

Building permits (private housing units) · Aug 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.

Inventory levels continue to recede, with active listings down 14.9% year-over-year, and new listings showing a 5.7% contraction over the past year. Concurrently, the median listing price has declined by 2.4% year-over-year, while the median price per square foot has also decreased by 2.8% over the same period. The pending ratio has registered a positive year-over-year change of 4.8%, despite remaining at a relatively low absolute level.

Historical Analysis

Market Trends

Median Price

$370K-1.4% MoM

Active Inventory

3,554-14.9% YoY

Days on Market

68-9.4% YoY

Sold Score™

52+4.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

52
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

In this environment, the pace of transactions suggests reduced urgency, allowing for greater negotiation on terms and price. The current inventory levels, while contracting, still provide buyers with more opportunities to exercise price discipline. Sellers may experience longer marketing periods and increased pressure to adjust pricing expectations to align with present demand absorption.

Luxury Segment

While the average listing price has seen a modest year-over-year decline of 0.5%, the overall data does not present a distinct signal of pronounced luxury-segment softness. The median listing price decline is more substantial at 2.4% year-over-year, suggesting broader market adjustments rather than specific high-end pressures. No distinct luxury-segment signal in this dataset.

Supply Dynamics

3,554 active listings represent the current floor, with new supply arriving at roughly 1,056 per month.

Pricing Pressure
24.2%

of active listings carry a price reduction, -0.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.8% year-over-year.

Absorption
0.36

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Palm Bay-Melbourne-Titusville, FL? Homes here are taking 7 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
36%
Median Days on Market
68 days
Inventory YoY
−15%

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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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