Vero Beach Market Report for 32963 June 2024

The Vero Beach Real Estate Market Report for zip code 32963 in June 2024 shows that the real estate market became a Buyers Market for both Condos and Single Family homes on the barrier island amid slowing sales. Sales for condos and single family homes slightly decreased dramatically this month as demand for Vero Beach homes on the barrier island declined post strong winter season.

Vero Beach real estate sale prices also decreased for both single family homes and Condos ion the barrier island in June of 2024. Following are some statistics for this month.

Vero Beach Market for Single Family homes in 32963

• In June 2024, the Vero Beach single-family homes market in 32963 became a Buyers Market with 13% Sales Ratio.
• There were 183 single family homes for sale on the island and 23 were sold in June 2024.
• The inventory (homes available for sale) in June 2024 decreased by 12% versus May of 2024. If inventory remains at these levels relative to demand, it is likely that will see that sale prices will adjust accordingly.
• Homes sold for a median of 95.48% of list price with an average of 82 Days on the Market (DOM) in June 2024, a slight decrease from last month as buyers’ were still looking for a place in Vero Beach.
• The most active price band for single family homes on the barrier island was again for homes between $500,000 and $1,000,000, with 7 sales and sales ratio of 22%.
• In June 2024 the median sales price for single-family homes decreased by 13% to $1,285,000 compared to May, as some buyers targeted lower priced single family homes on the barrier island.
• The most active market for single family homes on the island in June 2024 was the Central Beach area with 76 homes for sale, 25 Pending Sales, 11 sales, 6.9 months of remaining inventory (absorption rate) and a Balanced Market. The decrease in pending sales in June is an indicator that Summer could be slower for sales of single family homes on the island.

Vero Beach Market for Attached Homes/Condominiums in 32963

• There were 159 condos for sale on the island and only 11 were sold in June 2024.
• The Vero Beach condominium market in 32963 became a Buyers Market with only 7% Sales Ratio as buyers’ demand for condos on the island was muted this month.
• The inventory (condos available for sale) in June 2024 slightly decreased compared to May as some sellers were hesitant to lost their condos and still waiting to see a better market environment.
• Condos sold for a median of 96.99% of list price as the average of the Days on the Market (DOM) jumped by 82% to 104 DOM as buyers were a little more hesitant to commit to a purchase.
• The most active price band was for condos priced from $500,000 to $550,000, with only 2 sales and a sales ratio of 15%
• The median sales price for attached homes (condominiums) in June 2024 slightly decreased by 32% to $505,000 compared to May as lower priced condos appeared to be favored by the buyers.
• The most active market for condos in June 2024 on the barrier island was the Central Beach area with 67 condos for sale, 16 Pending Sales, 3 sales, 22.3 months of remaining inventory (absorption rate) and a Strong Buyers Market .

For a more comprehensive market analysis for a specific Vero Beach area or neighborhood in 32963 or any other zip code use the request form below.