The January 2024 Real Estate Market Report for Vero Beach Mainland shows that we are now in a slight Buyer’s Market as buyers were more hesitant to make a move even as interest rates slightly decreased but more inventory as we got into the 2024 winter season. We continue to see more inventory coming into… [Read more…]
What Experts Say About the Housing Market in 2024
Experts forecast home prices will go up over the next five years. They expect Mortgage Rates to go down. Mortgage Rates have already retreated from recent peaks near 8% and may fall further, according to Mark Fleming, Chief Economist First American. They project there will be more homes for sale. Supply will loosen up in… [Read more…]
Vero Beach Market Report for 32963 December 2023
The Vero Beach Real Estate Market Report for zip code 32963 in December 2023 shows that the real estate market status has changed for both Single Family homes and condos on the island as we now are in a Buyer’s Market on the Vero Beach barrier island. . The inventory of condos was increased again… [Read more…]
Vero Beach Mainland Market Report December 2023
The December 2023 Real Estate Market Report for Vero Beach Mainland shows that we are in a Balanced Market as buyers were more hesitant to make a move possibly anticipating an increase in inventory as we enter the winter season, and possibly lower interest and mortgage rates. We continue to see healthy inventory while buyers’… [Read more…]
Vero Beach Real Estate – A New Trend in Home Market Dynamics
Are you contemplating a move to or from Vero Beach? Understanding the current dynamics of the real estate market is crucial, and I’ve got some fresh insights for you, especially on the availability of homes in this beautiful area. In the real estate world, we see predictable annual trends, termed “seasonality”. Springtime usually buzzes with… [Read more…]
Vero Beach Market Report for 32963 November 2023
The Vero Beach Real Estate Market Report for zip code 32963 in November 2023 shows that the real estate market status has changed also for condos on the island as we now are in a Buyers Market along with the single family homes. The inventory was increased again this month in anticipation for the winter… [Read more…]
Vero Beach Mainland Market Report November 2023
The November 2023 Real Estate Market Report for Vero Beach Mainland shows that we have moved to a Balanced Market as buyers were hesitant to make a move possibly anticipating lower interest and mortgage rates. We continue to see increase in the inventory while buyers’ demand has subsided. Sale prices continue to stabilize amid slowing… [Read more…]
Vero Beach Market Report for 32963 October 2023
The Vero Beach Real Estate Market Report for zip code 32963 in October 2023 shows that the real estate market status remains the same with condos in balanced market and single family homes in a buyers market. The inventory was slightly increased again this month in anticipation for the winter season but buyers’ demand for… [Read more…]
Vero Beach Mainland Market Report October 2023
The October 2023 Real Estate Market Report for Vero Beach Mainland shows that we continue to be in a Sellers Market with buyers still looking for homes on the mainland while we have started seeing an increase in the inventory. Sales were again slightly decreased as the increase in sale prices took a break. Sale… [Read more…]
Making Sense of Rising Home Prices
Navigating the real estate market can feel like an emotional rollercoaster, but let’s face it—the trend for home prices is upward, not downward. Data across the board shows a consistent rise (just picture those climbing green bars in the following graph). The story of 2022 began with soaring home prices, followed by a brief dip… [Read more…]