Vero Beach Mainland Market Report March 2022

The March 2022 Real Estate Market Report for Vero Beach Mainland shows that the market is still very active and very competitive. The real estate market for homes on the Vero Beach mainland is still an Extreme Seller’s market amid low inventory. Sales in March 2022 increased by 15% compared to February, another indication of a strong real estate market.

In March 2022 inventory remained steady but still not enough to satisfy the high demand. Bidding wars continue unabated as the winter season is winding down and buyers want to get that perfect home.

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 March 2022, the Vero Beach Mainland was still an Extreme Seller’s Market with a 150% Sales Ratio!
• There were 166 homes for sale on the mainland and 249 were sold in March 2022.
• The inventory (homes available for sale) in March 2022 increased slightly by 4% from last month and still 41% 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 March 2022, homes sold for a median of 99.36% of list price, another indication of an extremely competitive and an Extreme Seller’s Market as 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 50 sales and sales ratio an impressive 152%!
• In March 2022 the median sales price mainland homes jumped by 15% to $330,000.
• The most active market in March 2022 was again the Southeast County area with 82 homes for sale, 134 Pending Sales, 97 sales, 0.8 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.