The Vero Beach Real Estate Market on the Mainland continues strong amid low inventory. The Vero Beach Mainland Real Estate Market Report for September 2021 shows that buyers are still very active causing sale prices to go higher. This action can also be evidenced by increase of Pending Sales.
Although in September 2021 inventory was slightly increased compared to august, buyers are still facing challenges finding a home on the mainland. Bidding wars continue resulting increases in home prices.
The sale prices increased again this month as the trend continues to point to higher prices. Following are some statistics for this month.
Vero Beach Mainland Real Estate Market Insights
- In September 2021, the Vero Beach Mainland was still an Extreme Seller’s Market with a 97% Sales Ratio.
- There were 221 homes for sale on the mainland and 215 were sold in September 2021.
- The inventory (homes available for sale) recorded a 5% uptick but was still 69% below last year’s inventory for the same period. The low inventory level has created a problem for the buyers who have fewer homes to choose from resulting in multiple offers over asking price.
- Homes sold for a median of 100% of list price in September 2021, another testament to an Extreme Seller’s Market.
- The most active price band was Vero Beach Mainland homes priced from $300,000 to $350,000, with 35 sales and sales ratio of 233%.
- In September 2021 the median sales price mainland homes continue the uptrend with a 4% increase to $300,000 compared to $288,950 in August.
- The most active market in September 2021 was again the Southeast County area with 81 homes for sale, 128 Pending Sales, 81 sales, 1.0 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.
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