November 2019 Housing Numbers

Real Estate here in Vero Beach and nationally is strong with buyers out in full force this fall, increasing the demand for homebuying in all four regions and here in Florida. Homes are continue to sell quickly with an average of 32 days on the market, and interest rates are still historically low. Many people are finding that Vero Beach offers great value with homes priced well .

Here are some interesting statistics in Housing for the month of November 2019.

1. Average Days on the Market (DOM) – 32 Days
2. Months of Inventory – 4.1 Months (Normal Market is 6 months)
3. Homeownership Rate at 64.8%
4. First Time Home Buyers at 33%
5. Interest Rates at 3.75% (still at all time lows)

Keeping a pulse on the current status of the housing market is key to making confident and informed decisions. Let’s connect to see if you’re ready to buy or sell a home.