Hobe Sound Condo Market Update (Non-HOPA) – July 2026
Professional Market Analysis by Tom Dunphy Realtor
Thomas J. Dunphy III
Florida State-Certified Residential Real Estate Appraiser (RD8755)
APPRAIS | Licensed Real Estate Sales Associate – Fulton Grace Realty
Hobe Sound Non-HOPA Condominium Market Overview
Hobe Sound offers a limited inventory of non-age-restricted condominiums, making it a much smaller market segment than many surrounding communities. Because of the relatively low number of available units and sales, monthly statistics can fluctuate more than in larger markets. For that reason, it is important to evaluate longer-term trends rather than relying on a single reporting period.
Based on the July 2026 market data, overall conditions appear stable, although recent transaction volume was limited.
Market Overview
During the most recent three-month reporting period, only three comparable condominium sales occurred. Active listings increased modestly while the median sale price moved higher. Because the market is small, changes in pricing or inventory may simply reflect the characteristics of a few individual transactions rather than a broad shift in market conditions.
Properties that are appropriately priced continue to attract buyers, and recent sales generally occurred in less than 90 days. Overall, the available market data supports stable conditions despite the limited number of recent transactions.
Understanding the Numbers
Median Sale Price
What it means:
The median sale price represents the middle sale price of all comparable properties sold during the reporting period. Half sold for more, and half sold for less.
Current Market:
The median sale price increased to $280,000 during the current three-month period. Because only three sales occurred, this increase should be interpreted cautiously, as one or two transactions can significantly influence the median.
Absorption Rate
What it means:
The absorption rate measures how quickly homes or condominiums are selling based on the current pace of sales.
Current Market:
Only three condominium sales occurred during the most recent three months, resulting in an absorption rate of approximately one sale per month. This reflects limited market activity rather than a significant change in demand.
Months of Housing Supply
What it means:
Months of housing supply estimates how long it would take to sell all current listings if no additional properties came on the market and sales continued at the current pace.
Current Market:
With 14 active listings and only three recent sales, the calculated housing supply increased to approximately 14 months. Because recent sales activity was limited, this figure is influenced by the small sample size and should not be viewed as evidence of a rapidly weakening market.
Days on Market
What it means:
Days on Market measures the median number of days it took for sold properties to secure a buyer.
Current Market:
Recent condominium sales reported a median marketing period of 55 days, indicating that competitively priced units continue to sell within a typical marketing period.
Sale-to-List Price Ratio
What it means:
The sale-to-list price ratio compares the final sale price to the original list price and helps measure seller pricing power.
Current Market:
Recent sales closed at approximately 100% of the list price, suggesting that buyers and sellers are generally reaching agreement at or very near asking prices.
What This Means for Buyers
The current market provides buyers with a modest selection of available condominiums. Because transaction volume remains limited, individual property characteristics such as condition, updates, location, association fees, and amenities often have a greater influence on value than broad market statistics alone.
What This Means for Sellers
Although the number of recent sales was limited, properly priced condominiums continue to attract buyers within a reasonable marketing period. Sellers should focus on competitive pricing, presentation, and understanding how their property compares with other available listings.
Appraiser's Perspective
From an appraiser's perspective, the Hobe Sound non-HOPA condominium market appears stable. While the absorption rate declined and the calculated housing supply increased, those changes are primarily the result of very limited recent transaction volume rather than clear evidence of declining market conditions.
With only three sales during the most recent reporting period, caution should be exercised when interpreting changes in pricing and inventory statistics. Overall, properties continue to sell within typical marketing times, and an exposure period of approximately three to six months remains reasonable for this market segment. No foreclosure or short-sale activity was reported during the analysis period.
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Related Market Reports
- Hobe Sound Detached Home Market Update – July 2026
- Stuart Real Estate Market Update – July 2026
- Palm City Real Estate Market Update – July 2026
- Jupiter Real Estate Market Update – July 2026
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Thomas J. Dunphy III
Florida State-Certified Residential Real Estate Appraiser (RD8755)
Licensed Real Estate Sales Associate – Fulton Grace Realty
TomDunphySellsRealEstate.com
Disclaimer: Market statistics are based on data available at the time of publication. Real estate markets change over time, and individual property values may differ based on location, condition, size, amenities, and other market factors.