The Latest Market Update on Real Estate in Vero Beach
September 28, 2018 | Kelly Fischer
Are you looking to buy or sell in our Vero Beach real estate market? If so, consider this data from our market first.

As we progress toward the end of 2018, we can see that the market here in Vero Beach is still very strong for sellers. Buyers, though, are facing some challenges related to the low levels of available inventory.

Thankfully, understanding current market statistics can help you navigate your real estate goals, whatever they may be. So let’s dive right in and take a brief look at some recent data.

First, as I mentioned before, supply is low here in the Vero Beach market. With just a little over 1,400 homes for sale in our area, it’s no wonder why buyers are having a difficult time finding the right property.


"Today’s sellers must be a little more flexible in their dealings with buyers."


In the last six months, though, over 2,000 properties have sold—indicating that sellers are still having luck with moving their listings off the market. Nevertheless, they are facing challenges due to the increasing number of new construction homes being built right now.

The homes that are successfully selling lately are spending an average of 106 days on market and are selling for 90% of their asking price. 

Given these circumstances, today’s sellers must be a little more flexible in their dealings with buyers.

With all of this in mind, the bottom line is this: You really never know what you can achieve in our market until you start asking questions. If you’re unsure of how your real estate goals would play out in our market right now, reach out to a trusted agent (preferably me) for guidance. 

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

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