The Florida real estate market, particularly in the condo and townhome sector across the Treasure Coast, is undergoing a notable shift. January 2026 saw a substantial increase in new listings, leading to a significant drop in median sale prices for condos and townhomes in Indian River County. This surge in inventory, coupled with existing challenges like insurance costs and financing hurdles, has created a buyer’s market in some areas.
Key Takeaways
- January 2026 experienced the largest single-month increase in new home listings on the Treasure Coast in years.
- Median sale prices for condos and townhomes fell across Martin, St. Lucie, and Indian River counties compared to January 2025.
- Indian River County saw the median sale price for condos and townhomes hit its lowest point in years.
- While Martin County’s median home sale price dropped significantly, St. Lucie and Indian River counties saw increases.
- Mortgage rates climbed in late January, with 30-year fixed rates reaching 6.95% and 15-year fixed rates at 6.12%.
Condo and Townhome Market Adjustments
In January 2026, Indian River County’s condo and townhome market experienced a sharp decline in median sale prices, reaching $185,250, the lowest in years. This coincided with the highest number of single-month new listings for the county. All three Treasure Coast counties—Martin, St. Lucie, and Indian River—saw median sale prices for these property types decrease compared to the previous year. Robenson Juste, president of the Realtors Association of Indian River County, noted that while this presents a strong buyer’s market, the segment is impacted by insurance costs, HOA increases, and financing challenges, suggesting a cyclical market adjustment.
Median Sale Prices for Townhouses and Condos (January 2026 vs. January 2025):
- Martin County: $219,000 (down from $231,438)
- St. Lucie County: $285,000 (down from $288,000)
- Indian River County: $185,250 (down from $275,750)
Despite the price drops, closed sales for condos and townhomes increased in Martin and Indian River counties, while decreasing slightly in St. Lucie County. Active listings saw an increase in Indian River County but a decrease in Martin and St. Lucie counties. Months of inventory indicate a buyer’s market, particularly in Indian River County with 14.2 months of inventory.
Single-Family Home Market Trends
The single-family home market presented a mixed picture. January 2026 saw a significant 22% increase in new listings compared to January 2025, totaling 1,905 across the Treasure Coast. While Martin County experienced a substantial drop in median home sale price to $507,000 (down from $619,000), St. Lucie and Indian River counties saw modest increases, reaching $389,000 and $423,125, respectively.
Median Sale Prices for Single-Family Homes (January 2026 vs. January 2025):
- Martin County: $507,000 (down from $619,000)
- St. Lucie County: $389,000 (up from $383,900)
- Indian River County: $423,125 (up from $390,500)
Sales volume and active listings increased across all three counties. Indian River County showed a stronger lean towards a buyer’s market with 8.1 months of inventory. The time it takes to secure a contract on a home increased in St. Lucie and Indian River counties, indicating a longer sales cycle in those areas.
Sources
- Florida condo market nosedives in Indian River County, Treasure Coast News.
- Florida local real estate market flooded with new home listings, Treasure Coast News.
- 5 facts about Florida local real estate market after recent surge, Treasure Coast News.