Market News
The Market,In Plain English
Live rates, prices, and how fast homes are really selling — for the Space Coast and Greater Orlando. No jargon, no spin, updated automatically from the sources the industry trusts.
The numbers right now
Data through October 2026
The average 30-year fixed mortgage rate is 7.40% as of October 2026, up 17.5% from 6.30% a year ago (Freddie Mac via FRED).
On the Space Coast (Palm Bay–Melbourne–Titusville metro): the typical home value is $342,339, down 0.5% from $343,892 a year ago; homes are going under contract in about 37 days (faster than the 47 days of a year ago); 4,211 homes are on the market, down 15.3% from 4,974 listings a year ago; typical asking rent is $1,887 per month. Source: Zillow Research.
On the Greater Orlando metro: the typical home value is $383,302, down 1.4% from $388,941 a year ago; homes are going under contract in about 41 days (faster than the 45 days of a year ago); 16,482 homes are on the market, down 3.1% from 17,009 listings a year ago; typical asking rent is $1,929 per month. Source: Zillow Research.
Palm Bay–Melbourne–Titusville metro (all of Brevard County)
Space Coast market temperature
Leaning seller's
Compared with a year ago: prices are down 0.5%, there are 15% fewer homes for sale, and homes are selling 10 days faster.
Mortgage rate
30-year fixed, national average
If you’re buying: At today's rate, a $400,000 loan runs about $2,770/month before taxes and insurance. That's $294/month more than the same loan a year ago.
Rent vs. buy
Rent it
$1,887/mo
Typical asking rent (Zillow)
Own it
$1,896/mo
Typical home, 20% down at today's rate — principal & interest, before taxes, insurance & HOA
Right now owning and renting the typical Space Coast home cost about the same each month — and the owner's payment builds equity while rent doesn't.
Go deeper: FAU's Buy vs. Rent Index (university research)When homes sell fastest
Average days to go under contract by month · last 8+ years, Space Coast
Historically, Space Coast homes listed around May go under contract fastest (~24 days), while January listings take the longest (~33 days). Every home is different — but timing your listing helps.
Sources: mortgage rates from Freddie Mac via FRED® (Federal Reserve Bank of St. Louis); home values (Zillow Home Value Index), for-sale inventory, and days-to-pending from Zillow Research. Metro-level data; individual neighborhoods vary. Informational only — not financial, lending, or investment advice.
Numbers Are One Thing. Your Street Is Another.
Metro data can't tell you what your home is worth or what that listing should really go for. Our agents can — with a free, no-pressure market analysis.
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