Treasure Coast Real Estate Market Update: May Trends and Insights

The Treasure Coast real estate market is in full swing this summer, and May 2025 has showcased notable trends that potential homebuyers and sellers should be aware of. According to local Realtor data, the market dynamics have shifted, particularly between Martin, St. Lucie, and Indian River counties.

Home Price Trends

In May, the median home sale prices revealed a divergence in trends among the three counties:

• Martin County: Increased to $609,500, up from $600,000.
• St. Lucie County: Rose to $400,000, up from $395,000.
• Indian River County: Decreased to $386,190, down from $389,450.

What Does This Mean for Buyers and Sellers?

• Martin and St. Lucie counties are currently experiencing a price surge, making them competitive options for sellers looking to capitalize on increased buyer interest.
• Indian River County might be presenting opportunities for buyers seeking lower price points, despite the slight drop.

Sales Activity

May 2025 also marked a significant uptick in the number of homes sold across all three counties:

• Martin County: 188 homes sold, up from 167.
• St. Lucie County: 529 homes sold, up from 492.
• Indian River County: 273 homes sold, up from 261.

Key Takeaway

The increase in sales activity suggests a robust demand for homes on the Treasure Coast, particularly as summer ushers in more options for buyers.

Home Listings and Inventory

Despite the increase in home sales, the number of listings has decreased:

• Martin County: 1,008 listings, down from 1,016.
• St. Lucie County: 2,615 listings, down from 2,763.
• Indian River County: 1,294 listings, down from 1,309.

Given the benchmark for a balanced market is 5½ months of inventory, here’s how the counties compare:

• Martin County: 6.4 months (unchanged).
• St. Lucie County: 5.9 months (down from 6.2).
• Indian River County: 5.8 months (down from 5.9).

Understanding Market Dynamics

With fewer homes on the market, competition increases, particularly in St. Lucie County, signaling a shift toward a seller’s market:

• Tips for Buyers: If you’re not in a rush due to school schedules, consider waiting until September or October. Sellers may be more flexible and willing to negotiate during these months.

Mortgages and Financing

Mortgage rates are crucial for prospective buyers. In May, both 30-year and 15-year fixed mortgage rates fell to 7.03% and 6.36%, respectively, according to Freddie Mac’s mortgage survey. This decrease can provide an opportunity for buyers to secure more favorable financing options, making homeownership more accessible.

Time to Contract

The time it takes to get a contract signed has increased in some areas:

• Martin County: 54 days, up from 37.
• St. Lucie County: 51 days, up from 47.
• Indian River County: 58 days (unchanged).

What This Means for Sellers

Longer times to contract may indicate that buyers are taking more time to make decisions in a competitive market. Sellers should be prepared for this extended timeline while also capitalizing on favorable market conditions.

Conclusion

The Treasure Coast real estate market is competitive and dynamic, especially as summer approaches, with increased buyer activity and fluctuating prices. By staying informed on the latest trends in home prices, sales figures, and mortgage rates, both buyers and sellers can make better strategic decisions.

For more insights into the Treasure Coast real estate market, check out additional resources on Realtor.com and Zillow.

If you’re considering buying or selling in this vibrant market, understanding these trends can help you navigate the complexities of real estate more effectively.