Daley & Company Real Estate
Vero Beach, FL
Single-Family Homes
Daley and Company Real Estate, LLC / 2855 Ocean Drive, Vero Beach FL 32963
Vero Beach, FL
Mon Apr 22 2019
This week the median list price for Vero Beach, FL is $393,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 1191.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Buyer's Advantage
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $393,000 | |
| Per Square Foot | $176 | |
| Days on Market | 180 | |
| Price Decreased | 45% | |
| Price Increased | 5% | |
| Relisted | 26% | |
| Inventory | 1191 | |
| Median House Rent | $3,500 | |
| Most Expensive | $29,900,000 | |
| Least Expensive | $14,500 | |
| Market Action Index Slight Buyer's Advantage | 27 |
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,395,000 | 3,556 | 0.25 - 0.5 acre | 4 | 4 | 19 | 3 | 3 | 297 |
| $525,000 | 2,569 | 0.25 - 0.5 acre | 3 | 3 | 18 | 14 | 8 | 203 |
| $320,919 | 2,088 | 8,000 - 10,000 sqft | 3 | 2 | 13 | 18 | 19 | 123 |
| $204,000 | 1,452 | 4,500 - 6,500 sqft | 3 | 2 | 27 | 27 | 21 | 100 |