Home prices rise in all but 1 Treasure Coast county as inventory drops
Home prices are rising as inventory falls on the Treasure Coast.
Median sale prices for Martin and Indian River counties increased in May compared to May 2025. The median sale price in St. Lucie County was unchanged compared to last year.
The stability has been reassuring, as St. Lucie County shows several signs of "economic strain and mortgage distress," according to a report by real estate data company ATTOM. The county had a foreclosure rate higher than 90% of all U.S. counties.
"Port St. Lucie offers something increasingly rare in South Florida: available land and larger floor plans," said Miami Realtors + RWorld Regional Vice President Amanda Geller in a statement.
"Residents benefit from more space and affordability while still enjoying access to the region's amenities and opportunities," Geller said.
The number of homes sold fell in St. Lucie and Indian River counties and rose Martin County compared to last year.
The number of homes on the market decreased in all three Treasure Coast counties.
The 30-year and 15-year fixed mortgage rates rose to 6.53% and 5.87%, respectively, during the last week of May, according to Freddie Mac's mortgage survey.
Home prices rise
Median sale price increased in Martin and Indian River counties and remained constant in St. Lucie County in May compared to last year:
- Martin: $648,500, up from $609,500
- St. Lucie: $400,000, unchanged
- Indian River: $412,500, up from $386,190
Fewer homes sold
The number of home sales fell in St. Lucie and Indian River counties and rose Martin County in May compared to last year:
- Martin: 209, up from 188
- St. Lucie: 500, down from 529
- Indian River: 250, down from 273
Fewer homes listings
The number of homes on the market decreased in all three Treasure Coast counties in May compared to last year:
- Martin: 757, down from 1,008
- St. Lucie: 2,316, down from 2,615
- Indian River: 1,158, down from 1,294
Seller'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 more toward a seller's market in February compared to last year:
- Martin: 4.1 months, down from 6.4 months
- St. Lucie: 5.0, down from 5.9
- Indian River: 5.0, down from 5.8
Shorter time to contract
The median time between a seller listing their house and signing a contract was shorter in Martin and Indian River counties and longer in St. Lucie County in May compared to last year:
- Martin: 43 days, down from 54 days
- St. Lucie: 52, up from 51
- Indian River: 56, down from 58
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: Home prices rise in all but 1 Treasure Coast county as inventory drops
Reporting by Jack Randall, Treasure Coast Newspapers / Treasure Coast Newspapers
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This story was originally published June 26, 2026 at 10:30 AM.