President Jonathan Lickstein shares insights on August Treasure Coast real estate market shifts.
TC Plam
The Treasure Coast Real Estate market is continuing to shift. Martin and St. Lucie counties are seeing an increase in median home sale prices. On the other hand, Indian River Country is experiencing a decrease. Changes in buyer activity have been tied to the Federal Reserve’s Sept.17 announcement that a quarter-percentage-point cut to its benchmark interest rate would take place.
"Across the board, we're seeing more buyer interest with the Fed release of even the quarter-point drop. Loan application numbers are up. Buyer interest has increased — not exponentially, but certainly trending in that direction,” said Jonathan Lickstein, president of Broward, Palm Beaches & St. Lucie Realtors.