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
Fri Dec 14 2018
This week the median list price for Vero Beach, FL is $399,250 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has held steady at or around 1068.
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
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $399,250 | |
| Per Square Foot | $186 | |
| Days on Market | 172 | |
| Price Decreased | 31% | |
| Price Increased | 5% | |
| Relisted | 22% | |
| Inventory | 1068 | |
| Median House Rent | $1,725 | |
| Most Expensive | $29,900,000 | |
| Least Expensive | $11,500 | |
|
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 |
|---|---|---|---|---|---|---|---|---|
| $1,499,999 | 3,507 | 0.25 - 0.5 acre | 4 | 4 | 18 | 7 | 5 | 310 |
| $545,000 | 2,532 | 0.25 - 0.5 acre | 3 | 3 | 18 | 23 | 12 | 181 |
| $325,000 | 2,131 | 8,000 - 10,000 sqft | 3 | 2 | 12 | 18 | 19 | 109 |
| $199,900 | 1,458 | 4,500 - 6,500 sqft | 3 | 2 | 30 | 38 | 34 | 88 |