T
he Treasure Coast real estate market saw a mixed bag in April, with median home sale prices increasing in Martin County and decreasing in Indian River County. In St. Lucie County, the median price remained unchanged. The surge of new single-family home listings in January led to a sharper drop in home prices in March.

    According to local Realtor data, the median sale price in Martin County rose to $600,000 from $590,000, while Indian River County's median price fell to $389,450 from $390,000. St. Lucie County's median price remained at $395,000.

    Home sales increased in St. Lucie and Indian River counties, with 492 homes sold in St. Lucie compared to 473 in March, and 261 homes sold in Indian River compared to 251. Martin County saw a decrease in home sales, from 173 to 167.

    The number of homes on the market decreased in St. Lucie and Indian River counties, while increasing slightly in Martin County. The benchmark for a balanced market is 5½ months of inventory, and both St. Lucie and Indian River counties leaned less toward a buyer's market in April.

    Jonathan Lickstein, president of Broward, Palm Beaches & St. Lucie Realtors, noted that the market is not depressed, with prices neither rising drastically nor falling sharply. The 30-year fixed mortgage rate rose to 7.22% and the 15-year fixed mortgage rate increased to 6.47%, according to Freddie Mac's survey.

    The median time between listing a house and signing a contract decreased in Martin and St. Lucie counties, while increasing slightly in Indian River County.