T
he median sale price for townhouses and condos in Indian River County increased in June, while it decreased in Martin and St. Lucie counties. According to Realtor data, the number of townhouses and condos on the market declined across all three Treasure Coast counties.

    "We're seeing a trend where newer condos are selling quickly, but older ones are struggling," said Jonathan Lickstein, president of Broward, Palm Beaches & St. Lucie Realtors. "This could be why single-family homes are in higher demand during the summer months."

    Median sale prices for townhouses and condos in June were:

    * Martin: $260,000 (down from $265,000)

    * St. Lucie: $299,553 (down from $320,000)

    * Indian River: $280,000 (up from $220,000)

    Closed sales increased in Indian River and St. Lucie counties but decreased in Martin County. Active listings declined across all three counties.

    Months of inventory, a benchmark for a balanced market, decreased slightly in June:

    * Martin: 9.3 months (down from 9.6)

    * St. Lucie: 11.4 months (down from 12.1)

    * Indian River: 11.8 months (down from 13.3)

    The median time to contract increased in all three counties, with Martin and St. Lucie seeing the largest jumps:

    * Martin: 80 days (up from 71)

    * St. Lucie: 71 days (up from 60)

    * Indian River: 116 days (up from 94)