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 July 2026
The average 30-year fixed mortgage rate is 6.55% as of July 2026, down 2.5% from 6.72% a year ago (Freddie Mac via FRED).
On the Space Coast (Palm Bay–Melbourne–Titusville metro): the typical home value is $344,486, down 1.8% from $350,735 a year ago; homes are going under contract in about 35 days (faster than the 40 days of a year ago); 4,535 homes are on the market, down 14.9% from 5,326 listings a year ago; typical asking rent is $1,914 per month. Source: Zillow Research.
On the Greater Orlando metro: the typical home value is $387,301, down 2.8% from $398,406 a year ago; homes are going under contract in about 33 days (faster than the 35 days of a year ago); 16,557 homes are on the market, down 4.1% from 17,260 listings a year ago; typical asking rent is $1,972 per month. Source: Zillow Research.
Palm Bay–Melbourne–Titusville metro (all of Brevard County)
Space Coast market temperature
Balanced market
Compared with a year ago: prices are down 1.8%, there are 15% fewer homes for sale, and homes are selling 5 days faster.
Mortgage rate
30-year fixed, national average
If you’re buying: At today's rate, a $400,000 loan runs about $2,541/month before taxes and insurance. That's $45/month less than the same loan a year ago.
Rent vs. buy
Rent it
$1,914/mo
Typical asking rent (Zillow)
Own it
$1,751/mo
Typical home, 20% down at today's rate — principal & interest, before taxes, insurance & HOA
Owning the typical home is actually about $163/month cheaper than renting it — that's uncommon, and worth a serious conversation.
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 July go under contract fastest (~23 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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