Seasonal Dip for Real Estate

While the supply of homes for sale in the area shows the potential for a buyer’s market with lower prices, the condo and townhome market in Martin County indicates that even though sales dropped, average prices still increased. MARTIN COUNTY OFFICE OF TOURISM & MARKETING

But outlook remains strong across Treasure Coast

BY JERRY SHAW

The large supply of available homes continues to attract buyers, said Michelle Franklin, St. Lucie County Property Appraiser.
ST. LUCIE COUNTY PROPERTY APPRAISER

The real estate market across Florida’s Treasure Coast experienced a seasonal slowdown in home sales, typical for the period between the active summer months and the quieter winter season. However, experts predict a more robust market ahead, with increased housing supply potentially driving prices down in favor of buyers.

“Real estate trends have shifted, with a larger supply of homes available than we’ve seen in the past five years,” said Michelle Franklin, St. Lucie County Property Appraiser. “Even so, St. Lucie County continues to attract strong buyer interest, thanks to its prime location and ongoing growth opportunities.”