Prices for condominiums and townhouses continue to slide downward across the Treasure Coast.
Median sale price for condominiums and townhouses fell in St. Lucie and Martin counties in May from May 2025, according to a TCPalm analysis of local Realtor data.
In Indian River County, however, the media sale price increased by 22.7% from last year.
“Condo inventory is declining year-over-year, which will put upward pressure on prices,” said Miami Realtors + RWorld spokesperson Chris Umpierre in a statement.
The number of townhouses and condos on the market also is down in all three Treasure Coast counties compared to last year. Total inventory remains significantly below the pre-pandemic total, Umpierre said.
In April, prices fell in all three Treasure Coast counties.
Prices dip
The median sale price for townhouses and condos fell in Martin and St. Lucie counties and rose in Indian River County in May, compared to last year:
Sales rise
The number of townhouses and condos sales increased in all three Treasure Coast counties in May compared to last year:
Fewer listings
The number of townhouses and condos on the market decreased in all three Treasure Coast counties in May compared to last year:
Buyer’s market
The benchmark for a balanced market — favoring neither buyers nor sellers — is 5½ months of inventory. Anything higher is considered a buyer’s market, and anything lower is a seller’s market. All three Treasure Coast counties leaned less toward a buyer’s market for townhouses and condos in May compared to last year:
Longer time to contract
The median time between a seller listing their unit and signing a contract was longer in all three Treasure Coast counties in May compared to last year:
Jack Randall is TCPalm’s economy and real estate reporter. You can reach him at jack.randall@tcpalm.com.
This article originally appeared on Treasure Coast Newspapers: Condo prices fall in all but 1 Treasure Coast county as listings drop
Reporting by Jack Randall, Treasure Coast Newspapers / Treasure Coast Newspapers
USA TODAY Network via Reuters Connect
By Jack Randall, Treasure Coast Newspapers | USA TODAY Network
