The Galt Ocean Mile oceanfront condo market remains in market equilibrium, with 121 active listings, 7.2 months of supply, and a Market Index of 65 as of June 9, 2026. Sales activity improved year over year, with 103 units sold from December 2025 through May 2026, up 24.1% from the same period last year. Pricing also strengthened, with the median sale price rising 2.5% to $620,000 and median price per square foot increasing 6.0% to $439. Overall, the market is looking healthier, with stronger sales volume, firmer pricing, and a lower supply level moving conditions closer to a seller’s market.
| Sales per Month | Months of Supply | *Market Index | Market Condition |
|---|---|---|---|
| 16.8 | 7.2 | 65 | Seller Advantage |
Buyer's
Market
Balanced
Market
Seller's
Market
*The Market Index is calculated using a proprietary methodology and offers consumers a concise view of overall market conditions.
*The trailing six-month analysis is the most statistically reliable method for evaluating sales activity in smaller local market segments.
**Data compiled, analyzed and curated by By The Sea Realty. Source: Beaches MLS. Market Index methodology is proprietary.
The Inventory Table shows Active Listings, Median List Price, High List Price and Low List Price at the end of the most recent report month.
Sales per Month: The average number of sales per month based on total sales over the past 12 months.
Months of Supply: The number of months it would take to absorb the current active inventory based on the average monthly sales pace.
The Market Index is calculated using a proprietary algorithm based on Month’s of Supply, Days on Market, Sale Price/List Price Ratio and change in Closed Sales Volume. A lower index indicates a Buyer’s Market and a higher index indicates a Seller’s Market.
The Trailing 6 Month Analysis is a rolling view of market activity based on the most recent six months of data. Instead of analyzing just one month, this approach combines the latest six months to smooth out short-term fluctuations. This is especially useful in smaller local markets, where low monthly sales volume can distort one-month results. By analyzing the most recent six months together, it reduces volatility and offers a clearer view of underlying market conditions.
Affect on Seasonality: The Trailing 6 Month Table lists 6 metrics pulled from 6 months of sales data, and compares those metrics to the same period of time last year. Comparing the latest six months to the same period last year helps reduce seasonality by measuring performance against the same seasonal window.
The 10-Year Trend Table shows Median Sale Price, Median Dollar per Square Foot ($/SqFt) and Units Sold over the past 10 years. The table also includes year over year changes (% Δ) to Median Sale Price and $/SqFt.
The 10-Year Trend Chart visually demonstrates the change in Median $/SqFt compared to Total Units Sold per year. Median $/SqFt provides a more stable measure of pricing change, especially in smaller local markets where median figures can be heavily influenced by the size, quality, or price range of properties sold in a given period.
