Is the real estate market cooling? Treasure Coast home sales declined in July, August

Source: TCPalm — 

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