This has been a rough year for potential homebuyers on the Treasure Coast.
Thousands of newcomers vying for the area’s more affordable, yet limited, properties has skyrocketed prices and accelerated sales.
Market data shows the median single-family home price from January to August jumped:
- 10%: Martin, peaking at $495,000
- 17.7%: Indian River and St. Lucie, reaching $345,000 and $317,900, respectively
Active listings have steadily decreased throughout the year, dropping by:
- 32.1%: Indian River
- 26.7%: St. Lucie
- 25%: Martin
Rental rates: Population surge, ‘luxury developments catapult prices
Unprecedented market: Treasure Coast properties in high demand, low supply
Million-dollar listings: Top 15 Treasure Coast home sales in August
Though trends show prices are still on the rise, all three counties saw home sales decline in July and August.
Many potential homebuyers have been watching, waiting and wishing for the market to cool. Is…