Vero Beach Mainland Market Report March 2021

The Vero Beach Real Estate Market on the Mainland continues to break records! as this Vero Beach Mainland Real Estate Market Report for March 2021 shows. The market continues to show great strength and for the third consecutive month as the Pending Sales and also the Sales exceeded the homes available for sale! This divergence is an indication of a really strong real estate market for Vero Beach Mainland.

Buyers continue to have challenges finding the perfect home amid a depleting inventory and bidding wars which are driving the home prices even higher. The market activity in March of 2021 greatly surpassed the action of the same period last year as the market continues to be Red Hot!.

The sale prices continue to appreciate and the trend continues to point to higher prices amid this strong market action. Following are some statistics for this month.

Vero Beach Mainland Real Estate Market Insights

• In March 2021, the Vero Beach Mainland was an Extreme Seller’s Market with an impressive 147% Sales Ratio.
• There were 225 homes for sale on the mainland and 331 were sold in March 2021.
• The inventory (homes available for sale) continues to decline and was 20% below last month’s and 73% less than the same period in 2020. This inventory crunch has created big competition among the buyers who have fewer homes to choose from resulting in multiple offers over asking price in some situations.
• Homes sold for a median of 98.39% of list price in March 2021, another indication of an extremely active and strong market.
• The most active price band was Vero Beach Mainland homes priced from $250,000 to $300,000, with 53 sales and sales ratio of 204%.
• In March 2021 the median sales price mainland homes increased by 11% to $260,000 compared to $239,500 in February.
• The most active market in December 2020 was the Central County area with 76 homes for sale, 238 Pending Sales, 113 sales, 0.7 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.