Forgotten Coast Real Estate Market Report Week of May 25 – 31, 2026

St. George Island Closes Out May With the Week's Strongest Numbers

Memorial Day weekend came and went on the Forgotten Coast the way it always does with boats on the bay, kids on the beach, and that particular flavor of busy that makes the locals simultaneously proud and a little tired. By Sunday night, the causeways were clearing and the data was telling its own story. The final week of May wrapped with 16 residential closings coast-wide and 10 land transactions, a week that, on the surface, looks like a steady market humming along. The numbers underneath are a little more interesting than that.

Coast-wide, the residential picture is this: 601 active listings, 22 under contract, and 16 homes closed during the week. At the current pace, that works out to roughly 69 sales per month projected, putting overall inventory at 8.7 months of supply. That number puts buyers in the driver's seat, generally speaking but the market on this coast has never been a monolith. Ask Cape San Blas about buyer leverage right now and you'll get a very different answer than if you ask St. George Island.

St. George Island

Seven closings in a single week at St. George Island is the kind of number that makes other areas take notice. With 125 active listings and 7 homes sold, the island is tracking at just 4.1 months of supply, the tightest inventory reading on the Forgotten Coast this week by a significant margin. Prices ranged from $375,000 to $1,850,000 with an average sale of $1,002,571. That average crossing seven figures tells you something about who is buying here and what they're buying. The under contract count of 5 homes suggests next week could hold another solid closing tally. If you're a buyer waiting for St. George Island to soften, the data right now doesn't support the patience.

St. Joe Beach / Mexico Beach

The St. Joe Beach and Mexico Beach corridor led all areas in active inventory this week at 230 listings, with 5 closings during the reporting period. The average sale price came in at $626,725 with a range of $420,000 to $1,350,000. At the current pace, the corridor sits at roughly 10.6 months of supply, on the higher side, which puts buyers in a workable negotiating position on listings that have accumulated days. Eight homes are currently under contract, which is the highest UC count of any area this week. That pipeline should translate into solid closing activity over the next few weeks. This stretch of coastline offers some of the more accessible price points on the Gulf, and that continues to attract steady interest even when inventory is plentiful.

Port St. Joe

Three closings in Port St. Joe this week, with prices ranging from $245,000 to $338,300 and an average of $294,400. With 98 active listings and 4 under contract, the town sits at about 7.5 months of supply which is right in the middle of the coast, neither as heated as St. George nor as stretched as Cape San Blas. Port St. Joe tends to appeal to a buyer who wants in-town walkability, proximity to the bay, and a lower price point than the beach communities can offer. Those buyers have reasonable selection right now and some room to negotiate, but the town's fundamentals remain solid.

Cape San Blas / South Gulf

Cape San Blas produced one closing this week: $1,999,000. That single transaction is significant. It's a premium sale, and it's evidence that the high end of the Cape is still transacting. But one closing against 148 active listings puts supply at a calculated 34.2 months, which is the most stretched reading on the coast by a wide margin. Five homes are under contract. That pipeline will move the needle meaningfully when those deals close. In the meantime, the Cape's inventory reflects what's happening across the luxury coastal market nationally: sellers who bought or built at a premium are holding to their prices, and buyers at that level are not in a hurry. For the right property at the right price, deals are getting done. The rest are waiting.

Land Market — May 25–31, 2026

The land market closed out May with genuine momentum. 10 vacant lots sold coast-wide against 389 active land listings, with 7 parcels under contract. The price range was wide: $75,000 to $1,400,000, with a weighted average sale of $295,075. That spread reflects two very different buyer profiles; someone piecing together a building budget on an affordable lot in Port St. Joe at $75,000 to $85,000, and someone acquiring a premium parcel on St. George Island where the high end hit $1,400,000.

St. George Island and St. Joe Beach / Mexico Beach each saw 3 land closings, while Cape San Blas and Port St. Joe each notched 2. Cape San Blas land inventory remains the heaviest at 139 active parcels with only 2 sales, continuing the same dynamic seen in the residential market: supply outpacing demand, though transactions are still occurring. Port St. Joe's land market is actually quite lean with just 26 active listings. That limited supply will eventually support prices there as buyers who can't find what they want in residential start looking at build-your-own options.

What the Market Is Telling Us

The Forgotten Coast covers a lot of ground from Port St. Joe, Cape San Blas, St. Joe Beach, Mexico Beach, St. George Island, and the communities in between. The data this week is a reminder that treating it as a single market is a mistake. The overall supply number of 8.7 months is buyer-friendly. But St. George Island at 4.1 months is a seller's market by any definition, while Cape San Blas at 34-plus months is a very different conversation entirely.

What moves across all areas is property that is priced with the current market in mind. Sellers who updated their expectations with the data, and buyers who stopped waiting for a crash that hasn't come. Those are the people closing deals right now. The Forgotten Coast is not breaking records this week. It is doing what a mature, tightly held coastal market does: trading at prices that reflect the real value of being here, in a place most of the country has never heard of. That's always been part of the appeal.

If you're thinking about buying or selling this summer and want a straight read on what the data means for your situation, reach out. No pressure, just a real conversation about the market from someone who lives and works here.