Median Condo Prices Take a Dip
- Martin County: $257,500 (down from $260,000)
- St. Lucie County: $282,500 (down from $299,553)
- Indian River County: $259,000 (down from $280,000)
All three counties now sit below Florida’s statewide July median of $295,000 for condos and townhouses.
Fewer Sales, Fewer Listings
The slowdown isn’t just in pricing:
- Closed sales fell: Martin (72), St. Lucie (70), Indian River (65) — all down from June.
- Active listings dropped: Martin (635), St. Lucie (767), Indian River (725).
- New listings hit their lowest level since December 2022.
While listings remain historically elevated, sellers are finding it harder to move properties amid rising ownership costs and cooling consumer demand.
The Surfside Effect: Tougher Condo Rules
Since the Champlain Towers South collapse in Surfside (2021), Florida has passed tougher condo regulations requiring stricter inspections and reserve funding.
These reforms, while designed for safety, have added cost burdens to owners, making condos harder to sell and shifting demand.
Inventory and Time on Market
The benchmark for a balanced market is 5.5 months of inventory. In July, the Treasure Coast remained deep in buyer’s market territory — though less so than June:
- Martin: 8.5 months (down from 9.3)
- St. Lucie: 10.6 (down from 11.4)
- Indian River: 11.3 (down from 11.8)
Time to contract varied:
- Martin: 93 days (up from 80)
- St. Lucie: 90 days (up from 71)
- Indian River: 103 days (down from 116)
Buyers have more leverage, while sellers must adapt to longer negotiations and sharper pricing competition.
What This Means for Buyers and Investors
For homebuyers and investors, this cooling market signals opportunity:
- Lower entry prices compared to Florida’s statewide average
- Plenty of inventory to choose from
- Stronger negotiating power with motivated sellers
The Treasure Coast — with its beaches, golf, and retirement-friendly communities — remains a prime market for vacation homes, rental properties, and second residences.
How Lendworth USA Helps You Buy Smarter
At Lendworth USA, we make it simple to take advantage of today’s Florida condo market with:
- Foreign national mortgages (no U.S. credit history required)
- FHA, USDA, and VA loans for qualified U.S. buyers
- Equity-based lending for investors and self-employed borrowers
- Refinancing options to lower monthly payments as rates shift
📞 Contact Lendworth USA today to explore financing solutions for Treasure Coast condos. With prices falling and inventory still elevated, now is the time to secure your piece of Florida real estate.