Indian River County Condos & Townhomes Market Update – August 2026

Indian River County Condos & Townhomes Real Estate Statistics – August 2026

Indian River County’s condo and townhome market recorded a strong increase in completed sales during August 2026, even as available inventory continued to tighten.

The median sale price reached $270,000, up 8% year-over-year, while closed sales climbed 27%. At the same time, active inventory declined 17% and months of supply fell 31%.

However, the forward-looking numbers were more subdued. Pending sales declined 10%, while new listings were down 8%.

That creates an interesting contrast: August was a strong month for completed condo and townhome transactions, but current contract activity suggests that pace may not necessarily continue in the months ahead.

Here’s a closer look at the August numbers.

Market Breakdown – August 2026 vs. August 2025

Median Sale Price: $270,000

📈 Up 8% year-over-year

The median sale price for Indian River County condos and townhomes reached $270,000 in August, 8% higher than a year ago.

That increase coincided with a substantial 27% jump in closed sales and significantly tighter inventory.

However, Indian River County’s condo and townhome market is relatively small, meaning changes in the mix of properties sold can have a noticeable impact on the median from one month to another.

The 8% increase should therefore not be interpreted as every condo or townhome appreciating by the same amount.

Closed Sales: 66 properties

📈 Up 27% year-over-year

Closed sales increased an impressive 27% compared with August 2025.

This is one of the standout figures in the report.

While 66 transactions is a relatively small absolute number, the year-over-year increase shows substantially more condo and townhome purchases reached the closing table this August.

That makes Indian River County’s attached-home sector particularly interesting this month, especially when compared with the 16% decline in single-family closed sales.

Active Inventory: 563 properties

🔻 Down 17% year-over-year

Active condo and townhome inventory declined 17% compared with last August.

Buyers therefore have significantly fewer properties to choose from than they did a year ago.

However, the condo market continues to offer a different supply environment from the county’s single-family sector.

Buyers may still have opportunities to compare properties and negotiate, depending on the individual community, price range and length of time a listing has been available.

Pending Sales: 78 contracts

🔻 Down 10% year-over-year

Pending sales declined 10% compared with August 2025.

This provides an important counterweight to the 27% increase in closed sales.

Closed sales reflect contracts negotiated previously, while pending sales provide a more current look at properties moving through the transaction pipeline.

The decline does not guarantee that future closings will fall, but it suggests August’s substantial increase in completed transactions should not automatically be assumed to represent an ongoing acceleration in activity.

Months of Inventory

🔻 Down 31% year-over-year

Months of supply declined 31%, one of the largest changes in the August report.

This confirms that Indian River County’s condo and townhome market has tightened considerably compared with last year.

For sellers, reduced supply means less competition from other available properties.

For buyers, it means fewer alternatives — although attached-home purchasers should still evaluate the financial characteristics of individual communities carefully before making a decision.

Days on Market

🔻 Down 4% year-over-year

Days on market declined 4% compared with August 2025.

That is a relatively modest change, suggesting selling times have remained fairly stable despite the substantial reduction in inventory and increase in closed sales.

This is an important reminder that lower supply does not automatically mean every listing will sell quickly.

Pricing, condition, location and the financial health of the community remain important factors in buyer decisions.

New Listings: 81 properties

🔻 Down 8% year-over-year

New listings declined 8% compared with last August.

Combined with active inventory falling 17%, fewer new properties entering the market could keep supply constrained if the trend continues.

However, pending sales are also lower, which may partially offset the effect by slowing the rate at which properties move toward closing.

What This Means for You

Buyers

Indian River County condo and townhome buyers have fewer properties available than they did a year ago, with active inventory down 17% and months of supply down 31%.

At the same time, August produced a substantial increase in completed sales.

That makes it important to be prepared when an attractive property becomes available, but buyers should still take the time to investigate the individual community.

HOA fees, reserve funding, insurance, special assessments, building maintenance and rental restrictions can have a significant impact on the true cost and suitability of a condo or townhome.

Pending sales being down 10% also suggests buyers have not suddenly lost all negotiating leverage despite August’s stronger closing activity.

Sellers

Indian River County condo and townhome sellers face significantly less competition than they did last year.

Active inventory is down 17%, months of supply has fallen sharply, and August closed sales increased 27%.

Those are encouraging conditions for sellers.

However, pending sales declined 10%, so sellers should be cautious about assuming August’s strong completed-sales performance will automatically continue.

Correct pricing remains essential, particularly in communities where HOA costs, insurance or assessments may influence buyer affordability.

Investors

For investors, Indian River County’s condo and townhome market offers an interesting mix of tighter supply and stronger recent transaction activity.

However, the decline in pending sales means future momentum should be watched carefully.

Investors should also pay close attention to HOA fees, reserve levels, assessments, insurance costs and rental restrictions.

In a relatively small market, property-level and community-level fundamentals can be considerably more useful than broad countywide percentage changes when evaluating an investment.

Final Thoughts

Indian River County’s August 2026 condo and townhome market delivered strong completed sales within an increasingly constrained supply environment.

The median sale price increased 8% to $270,000, closed sales jumped 27%, active inventory declined 17%, and months of supply fell 31%.

But the picture is not uniformly stronger.

Pending sales declined 10%, new listings fell 8%, and days on market improved by only 4%.

That makes the contrast between closed and pending sales particularly important.

August was unquestionably a stronger month for completed condo and townhome transactions than August 2025, but current contract activity suggests it is too early to assume that pace will continue.

For sellers, lower inventory means less competition. For buyers, supply has tightened, but careful comparison and community-level due diligence remain essential.

As Indian River County moves toward the final quarter of 2026, the key statistic to watch will be pending sales — specifically whether the current decline proves temporary or begins to translate into softer closing activity after August’s strong performance.

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