St. Lucie County real estate activity continued to strengthen in July 2026, with total home sales rising compared with the same month last year. The latest figures released by MIAMI REALTORS® + RWorld, the MIAMI MLS, and BeachesMLS show that buyers remained active despite elevated mortgage rates and limited inventory.
Total home sales increased 4.2% year over year, reaching 599 transactions in July 2026. Single-family home sales rose 2.38%, while condominium transactions posted a stronger 17.14% increase. The results mark another month of growth for the local housing market.
“Port St. Lucie has grown tremendously, but it still offers something buyers are having a harder and harder time finding in South Florida: space, value and a real sense of community,” said Amanda Geller, chair of the MIAMI REALTORS® + RWorld Treasure Coast Regional Board.
- St. Lucie County Market Rankings
- Port St. Lucie was ranked America’s fastest-growing city in research from MIAMI REALTORS® + RWorld.
- Port St. Lucie ranked No. 7 among America’s hottest ZIP codes for moves per capita, according to MovingPlace.
- Port St. Lucie was ranked the No. 1 midsize housing market for buyers in 2026 by ConsumerAffairs.
- Sales Rise for a Fourth Month
St. Lucie County total home sales increased 4.2% year over year in July 2026, rising from 575 transactions in July 2025 to 599 transactions this year. The continued increase points to steady buyer activity across the county.
However, the sales figures do not include much of South Florida’s new construction, pre-construction and condominium conversion activity because those transactions are generally not reported through the MLS. MIAMI REALTORS® has continued to expand its research to provide a broader view of these markets.
International buyers accounted for 49% of new South Florida construction, pre-construction and condo conversion sales during the 18-month period ending in July 2025, according to MIAMI REALTORS® research. The organization’s first New Construction Global Sales Report highlighted the growing role of international demand in the region.
A second report published later showed continued global activity, with buyers from 73 countries participating in South Florida’s new construction market. The figures underscore the region’s appeal to international purchasers as well as domestic buyers.
Single-Family and Condo Sales Grow
St. Lucie County single-family home sales increased 2.38% year over year in July 2026, climbing from 505 transactions to 517. At the same time, existing condominium sales rose 17.14%, increasing from 70 transactions to 82.
Financing conditions remain an important factor for Florida condominium buyers. A limited number of existing South Florida condominium buildings qualify for Federal Housing Administration loans, creating additional financing challenges for some buyers.
Across Miami-Dade, Broward and Palm Beach counties, only 21 of 2,397 condominium buildings were approved for FHA financing, according to U.S. Department of Housing and Urban Development data. That means only about 0.9% of South Florida condominium buildings had FHA approval.
Fannie Mae and Freddie Mac also changed some condominium lending requirements in August 2026 by eliminating the limited review option for many condo loans. The changes are expected to create a more consistent lending process, although Florida condominium borrowers have continued to face stricter financing standards than buyers in many other states.
St. Lucie County Home Prices
Condominium prices recorded one of the strongest gains in the county during July. The median sale price for an existing condo increased 13.26% year over year, rising from $282,500 to $319,950.
Single-family home prices also moved higher. The median sale price increased 2.60% from a year earlier, rising from $385,000 to $394,995. The price gains show that demand remains firm even as buyers contend with higher borrowing costs.
MIAMI REALTORS® + RWorld continues to support efforts designed to improve housing affordability, including changes to permitting and zoning, support for the Florida Hometown Heroes Program and policies that encourage accessory dwelling units.
The organization also points to South Florida’s growing multifamily construction pipeline as an important source of future housing supply. Southeast Florida ranks first in the nation for multifamily construction, according to MIAMI REALTORS® research, which could add more apartments and help ease some affordability pressures over time.
Florida’s Live Local Act is another part of the state’s housing strategy. Passed in 2023 and amended in 2024, the law encourages developers to build affordable housing by allowing qualifying projects to receive the highest density permitted in a local area when at least 40% of units are designated as affordable. The program defines qualifying affordable housing as units priced for households earning up to 120% of area median income.
Miami Remains Attractive to Buyers
Miami continues to offer comparatively strong value for high-end international buyers despite its rising property costs. According to the 2026 Knight Frank Wealth Report, $1 million can purchase about 58 square meters of prime residential property in Miami.
That amount is considerably more space than buyers receive in several major global markets. The same $1 million buys about 16 square meters in Monaco, 34 square meters in New York and 33 square meters in London, while Paris and Tokyo also offer less space.
Mortgage Rates Remain Elevated
Mortgage rates continue to influence purchasing decisions across South Florida. However, the possibility of further rate increases has weakened as concerns about energy-related inflation have moderated.
Freddie Mac reported that the average 30-year fixed mortgage rate stood at 6.54% in July 2026. While that is below some recent highs, borrowing costs remain well above the levels buyers enjoyed several years ago.
“South Florida is seeing strong wage growth driven by net job migration in higher-paying jobs like professional and tech services, health care, finance, and technology,” said MIAMI REALTORS® + RWorld Chief Economist Gay Cororaton. She also pointed to differences in state tax policies as a factor supporting migration into South Florida.
Inventory Declines
Housing inventory in St. Lucie County fell during July, creating additional pressure for buyers. Total active listings declined 10.2% year over year, from 3,242 properties to 2,912.
Single-family inventory dropped 8.24%, falling from 2,475 active listings in July 2025 to 2,271 listings one year later. The smaller supply gives buyers fewer choices while supporting competition for desirable properties.
Condominium inventory fell even more sharply. Active condo listings declined 16.43%, from 767 to 641 units year over year. Although supply has tightened, condominium inventory remains significantly different from the extremely limited levels seen during the pandemic.
Single-family homes had 4.9 months of supply in July, a level generally associated with a seller’s market. Existing condominiums had 7.8 months of supply, placing that segment closer to balanced conditions between buyers and sellers.
Economic Impact Reaches $77 Million
Residential transactions generate economic activity far beyond the property sale itself. Each transaction can produce income for real estate professionals, lenders, movers and other service providers while also supporting spending on furniture, renovations and other housing-related purchases.
According to the National Association of Realtors, the typical Florida home sale generates an estimated $129,000 in total economic impact. With 599 homes sold in St. Lucie County during July, the month’s transactions represented approximately $77 million in local economic activity.
Total dollar volume also increased during the month. St. Lucie County recorded approximately $258 million in residential sales volume in July, an 8.91% year-over-year increase.
Single-family home dollar volume rose 5.26% to approximately $221 million. Condo dollar volume recorded a much larger gain of 44.24%, reaching about $31 million as stronger condominium sales combined with higher median prices.
Distressed Sales Stay Near Historic Lows
Distressed transactions remained limited across St. Lucie County in July, providing another sign that the market remains relatively healthy. Only 2.2% of all closed residential sales were distressed, including bank-owned properties and short sales.
Short sales represented about 0.5% of total sales, while real estate-owned properties accounted for approximately 1.6%. The low level of distressed activity suggests that most homeowners continue to maintain enough financial stability to avoid forced sales.
Overall, the July figures show a St. Lucie County market where sales are growing, prices are rising and inventory is tightening. While mortgage rates remain a challenge, continued population growth, multifamily development and buyer demand are supporting activity across the region.
