The Treasure Coast condo market is experiencing notable price declines in 2025, with buyers and sellers in St. Lucie, Martin, and Indian River counties adjusting to new real estate conditions. According to recent data, the region’s condo and townhome prices have dropped, reflecting broader shifts in the local housing market.

Condo Market Price Trends in the Treasure Coast

Condo and townhome prices across the Treasure Coast, including St. Lucie, Martin, and Indian River counties, have generally declined in 2025. Reports indicate price drops of up to 6% year-over-year in these areas. This trend marks a significant change after several years of rapid appreciation.

Inventory levels have reached new highs, with some neighborhoods showing more than 10 months of supply. According to local real estate tracking agencies, this level of inventory signals a strong buyer’s market, giving purchasers more options and leverage in negotiations.

Factors Driving the Treasure Coast Condo Market Shift

The Treasure Coast real estate market saw rapid price growth during the pandemic, fueled by migration, low interest rates, and limited inventory. However, in 2025, several factors have contributed to the current market correction.

• Rising mortgage rates have increased monthly payments, reducing affordability.
• Higher insurance costs have added to the total cost of ownership, especially for condos.
• New lending and insurance requirements have made it harder for some buyers to qualify.
• Affordability concerns have limited the pool of qualified buyers.

According to local real estate boards, these changes have cooled demand and shifted the market toward more balanced or buyer-friendly conditions.

Current Market Conditions: Buyer’s Market Emerges

As of late 2025, sellers outnumber buyers throughout the Treasure Coast. This imbalance has led to longer listing times and more frequent price reductions, especially for mid-range and older condo properties.

Market analysts describe the adjustment as a “soft landing,” with prices expected to remain flat or slightly negative through the end of the year. Buyers now have increased negotiation power, and sellers are adjusting expectations, often offering concessions or incentives to attract offers.

Inventory and Sales Volume

High inventory levels are a defining feature of the current market. Some areas report more than 10 months of supply for condos and townhomes. Single-family home sales have also slowed, with notable declines in transaction volume compared to the previous year, according to regional real estate data.

Luxury vs. Mid-Range Condo Segments

The luxury condo segment remains more resilient, with stable or growing prices in select communities. In contrast, mid-range and older condos are seeing the most downward pressure on pricing, as buyers focus on affordability and updated amenities.

Expert Perspectives on the Treasure Coast Condo Market

Real estate experts view the current market as a necessary correction after years of unsustainable price growth. High inventory and slower sales are seen as signs of a return to a more normal, balanced market rather than a crash.

Affordability and insurance costs remain major concerns for buyers. The market is expected to stabilize, with potential for modest rebounds if mortgage rates decrease in the coming months.

Regional and Economic Influences

The broader South Florida market is experiencing similar trends, with some areas seeing sharper declines and others, especially in the luxury sector, remaining stable or growing. Demographic shifts, including a slowdown in out-of-state migration and increased cost of living, are influencing demand across the region.

According to local economic analysts, the market’s performance is closely tied to national economic conditions, interest rates, and local policy changes affecting insurance and condo regulations.

Advice for Buyers and Sellers

• Buyers are advised to act while prices are soft and inventory is high.
• Sellers are encouraged to focus on competitive pricing and property presentation to attract offers in a crowded market.

Frequently Asked Questions About Treasure Coast Condo Market

What is happening in the Treasure Coast condo market in 2025?

Condo and townhome prices in the Treasure Coast region, including St. Lucie, Martin, and Indian River counties, have generally declined in 2025. Inventory is high, and buyers have more options and negotiation power.

How much have condo prices dropped in St. Lucie County?

According to regional real estate data, condo and townhome prices in St. Lucie County have dropped by up to 6% year-over-year in 2025. The largest declines are seen in mid-range and older properties.

Are there more condos for sale now than last year?

Yes, inventory levels are high, with some areas reporting more than 10 months of supply. This means there are significantly more condos for sale compared to last year.

Can you negotiate prices on Treasure Coast condos in 2025?

Buyers have increased negotiation power in 2025 due to high inventory and slower sales. Sellers are often willing to offer concessions or incentives to secure a sale.

Where are condo prices most affected in the Treasure Coast?

Mid-range and older condos in St. Lucie, Martin, and Indian River counties are experiencing the most downward pressure on prices. The luxury segment is more stable, but most price declines are in the broader market.