Vero Beach Market Report for 32963 December 2021

The December 2021 Vero Beach Real Estate Market Report for zip code 32963 shows that we are still in an Extreme Seller’s Market in a very competitive environment as we are entering the traditionally strong winter season. The continued lack of inventory is still a problem for the buyers who have fewer homes to choose. The market is expected to heat up as the influx of vacationers and people who are relocating to the area will heat up the market even further.

Sales in December 2021 surpassed the November sales amid a decreased inventory. Following are some statistics for this month.

Vero Beach Market for Single Family homes in 32963

• In December 2021, the Vero Beach single-family market in 32963 was an Extreme Seller’s Market with a 70% Sales Ratio.
• There were 61 single family homes for sale on the island and 43 were sold< in December 2021/strong>.
• The inventory (homes available for sale) this month decreased by 21% compared to last month and it was 64% lower than in the same period in 2020.
• Homes sold for a median of 97.48% of list price in December 2021, another indication of a very competitive real estate market for single family homes on the island.
• The most active price band was for single family homes priced over $2,00,000 , with 13 sales and sales ratio of 45%.
• In December 2021 the median sales price for single-family homes decreased by 24% to $949,000. The prices might have reached a plateau as, we continue to see some price reductions, another indication that prices are topping.
• The most active market for single family homes on the island in December 2021 was the Central Beach area with 23 homes for sale, 32 Pending Sales, 14 sales, and 1.6 months of remaining inventory (absorption rate) and an Extreme Seller’s Market .