The Real Estate Market Report for Vero Beach Mainland in January 2022 shows that the market is still hot and very competitive with prices going up amid very low inventory. The real estate market for homes on the Vero Beach mainland continues to be an Extreme Seller’s market. Pending Sales in January 2022 have increased by 15% compared to last month.
In January 2022 inventory had decreased compared to December. Bidding wars continue unabated in some areas and neighborhoods with extremely low inventory.
The sale prices increased this month and the trend continues to point to higher prices. Following are some statistics for this month.
Vero Beach Mainland Real Estate Market Insights
- In January 2022, the Vero Beach Mainland was still an Extreme Seller’s Market with a 109% Sales Ratio!
- There were 147 homes for sale on the mainland and 160 were sold in January 2022.
- The inventory (homes available for sale) in January 2022 was reduced by 12% from last month and still 61% below last year’s inventory for the same period. The low inventory level continues to present a problem for the buyers who have fewer homes to choose from especially in some desirable areas.
- In January 2022, homes sold for a median of 100% of list price, another indication of an extremely competitive and an Extreme Seller’s Market and some listings are receiving multiple offers.
- The most active price band was Vero Beach Mainland homes priced from $500,000 to $1,000,000, with 31 sales and sales ratio of an impressive 89%!
- In January 2022 the median sales price mainland homes increased by 3% to $310,000.
- The most active market in January 2022 was again the Southeast County area with 58 homes for sale, 119 Pending Sales, 66 sales, 0.9 months of remaining inventory (absorption rate) and an Extreme Seller’s 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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