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
Tue Jun 18 2019
This week the median list price for Vero Beach, FL is $359,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 1219.
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 Seller'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 | $359,000 | |
| Per Square Foot | $179 | |
| Days on Market | 169 | |
| Price Decreased | 40% | |
| Price Increased | 6% | |
| Relisted | 27% | |
| Inventory | 1219 | |
| Median House Rent | $2,500 | |
| Most Expensive | $21,950,000 | |
| Least Expensive | $75,000 | |
| Market Action Index Slight Seller's Advantage | 30 |
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 |
|---|---|---|---|---|---|---|---|---|
| $1,199,975 | 3,551 | 0.25 - 0.5 acre | 4 | 4 | 20 | 8 | 27 | 289 |
| $455,000 | 2,523 | 0.25 - 0.5 acre | 3 | 3 | 16 | 18 | 28 | 180 |
| $289,400 | 1,908 | 8,000 - 10,000 sqft | 3 | 2 | 13 | 20 | 29 | 118 |
| $189,900 | 1,367 | 8,000 - 10,000 sqft | 3 | 2 | 27 | 30 | 43 | 91 |