The June 2022 Real Estate Market Report for Vero Beach Mainland shows that the market continues to be very active and an Extreme Seller’s Market. Although inventory continues to increase, buyer’s demand continues to exceed the supply and prices continue the upward trend in a strong Vero Beach mainland real estate market.
Although inventory is increasing is still not enough to satisfy the high demand. However, we have started observing that bidding wars are no longer the norm during this summer.
The sale prices increased again 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 June 2022, the Vero Beach Mainland was still an Extreme Seller’s Market with a 68% Sales Ratio
- There were 314 homes for sale on the mainland and 2313 were sold in June 2022.
- The inventory (homes available for sale) in June 2022 increased by 23% from last month and 90% above last year’s inventory for the same period. The increase in inventory is a welcoming sign for the buyers who now have more homes to choose from.
- In June 2022, homes sold for a median of 100% of list price, another indication of an extremely competitive and an Extreme Seller’s Market .
- The most active price band was Vero Beach Mainland homes priced from $500,000 to $1,000,000, with 41 sales and sales ratio of 61%.
- In June 2022 the median sales price mainland homes slightly increased by 9% to $362,000.
- The most active market in June 2022 was again the Southeast County area with 132 homes for sale, 116 Pending Sales, 96 sales, 1.4 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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