The 772 housing market in 2026: what buyers and sellers need to know
Prices are flattening, inventory is up, and homes are sitting longer. Is this a crash or a correction? Here's the real data.
If you've been watching the Treasure Coast housing market, you've probably noticed things feel different in 2026. Homes are sitting longer. Price cuts are more common. Open houses aren't packed like they were in 2022. So what's actually happening?
First, the big picture: Florida statewide home prices are expected to grow about 2.2% in 2026 — way down from the double-digit gains of 2021-2022. The median closed price in Florida is $394,000 in Q1 2026, down 1.3% year over year. Properties are sitting on the market for a median of 84 days, up significantly from the 'sold in a weekend' madness of a few years ago.
Active listings in Florida hit 118,603 in Q1 2026 — well above levels from 2023 and 2024. More homes for sale means more options for buyers and less leverage for sellers. This is a correction, not a crash.
For the 772 specifically, the story is nuanced. Port St. Lucie's massive new construction pipeline (Tradition, Valencia, Solaeris, and more) means inventory keeps growing. But demand is still strong — PSL remains one of the fastest-growing cities in the country, and people are still moving here from the northeast every week.
What this means if you're buying: you have negotiating power you haven't had in years. Ask for closing cost credits. Don't waive inspections. Make offers below asking. Sellers are more flexible than they've been since 2019.
What this means if you're selling: price it right from day one. The days of listing 20% above comps and getting multiple offers are gone. Homes priced correctly are still selling — just not in 48 hours anymore.
The bottom line: the 772 market is healthy but normalizing. If you bought in 2020-2021, you're still sitting on significant equity. If you're looking to buy, this might be the best window you'll get before rates eventually come down and competition heats back up.