The April 2023 Real Estate Market Report for Vero Beach Mainland shows that we are still in a Sellers Market as buyers were actively looking for homes on the mainland before the winter season ended. As the season winding down, so were the sales, prices and inventory slightly decreased.
Sale prices are stabilizing and if the inventory keeps at current levels and as the strong winter season came to an end, we’ll see some pressure on the sale prices moving forward. Following are some statistics for this month.
Vero Beach Mainland Real Estate Market Insights
- In April 2023, the Vero Beach Mainland was a Sellers Market with a 33% Sales Ratio.
- There were 552 homes for sale on the mainland and 180 were sold in April 2023.
- The inventory (homes available for sale) in April 2023 slightly decreased by 7% from March and still 270% higher compared to the same month in 2022. The decrease in inventory is certainly a welcoming sign for the sellers and may keep sale prices.
- In April 2023, homes sold for a median of 97.09% of list price, at almost the same level as last month and prices are stabilizing.
- The most active price band was Vero Beach Mainland homes priced from $500,000 to $1,000,000, with 45 sales and sales ratio of 35%, but more higher priced homes were sold in Vero Beach mainland.
- In April 2023 the median sales price mainland homes slightly decreased by 4% to $337,500 compared to March.
- The most active market in April 2023 was again the Southeast County area with 199 homes for sale, 141 Pending Sales, 70 sales, 2.8 months of remaining inventory (absorption rate) and a Strong Sellers Market.
For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.
Neighborhood Market Insights
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