Indian River County Monthly Market Report - May March 2025 | Page 14

Closed Sales
Monthly Market Detail- May 2026 Townhouses and Condos Indian River County
Summary Statistics
May 2026
May 2025
Percent Change Year-over-Year
Closed Sales Paid in Cash
99 79 25.3 % 80 61 31.1 %
Median Sale Price $ 270,000
$ 220,000 22.7 %
Average Sale Price Dollar Volume
$ 439,843 $ 470,506-6.5 % $ 43.5 Million $ 37.2 Million 17.1 %
Median Percent of Original List Price Received
89.4 % 87.7 % 1.9 %
Median Time to Contract 99 Days 94 Days 5.3 %
Median Time to Sale
123 Days
119 Days
3.4 %
New Pending Sales New Listings
111 112
81 37.0 %
108 3.7 %
Pending Inventory 123 Inventory( Active Listings) 681 Months Supply of Inventory 8.7
115 7.0 % 837-18.6 % 13.3-34.6 %

Closed Sales

The number of sales transactions which closed during the month
Economists ' note: Closed Sales are one of the simplest— yet most important— indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales( and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes( i. e. comparing a month ' s sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.
Month
Closed Sales
Percent Change
Year-over-Year
Year-to-Date
May 2026
478
99
36.2 % 25.3 %
April 2026
116
20.8 %
March 2026
115
85.5 %
February 2026
78
25.8 %
January 2026
70
34.6 %
December 2025
70
27.3 %
November 2025
47
9.3 %
October 2025
73
14.1 %
September 2025
62
14.8 %
August 2025
66
17.9 %
July 2025
65
-5.8%
June 2025
81
32.8 %
May 2025
79
-24.8%
140 120 100 80 60 40 20 0
2022 2023 2024 2025
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services. Statistics for each month compiled from MLS feeds on the 10th day of the following month. Data released on Tuesday, June 16, 2026. Next data release is Friday, July 17, 2026.