Vero Beach real estate is a market unto itself, and if you’re considering buying or selling, you need to keep a close eye on these key trends. Here’s what the latest data reveals.

1. Inventory Remains Stable

While other parts of Florida are experiencing a surge in listings, Vero Beach’s inventory has remained steady. Only 15 single-family homes are currently available on the barrier island. Notably, the pace of sales has exceeded the number of new listings, leading to a net reduction in available homes. We saw a noticeable increase in new listings earlier this year, but they’ve tapered off, with many listings expiring or being withdrawn.

2. Price Reductions: Fewer and Fewer

Earlier in the year, about 43% of Vero Beach Sellers were reducing prices to attract Buyers. Now, that number is down to 23%—significantly lower than the national average of 35-38%. However, watch for new listings with amended pricing. Often, Sellers who withdraw their property re-list it later at a lower price, which doesn’t appear as a “reduction” but can attract new Buyer interest.

3. The Gap Between Old and New Listings

A widening gap between the prices of existing listings and new ones could indicate that Sellers are adjusting their strategies to meet market demands. If the price of new listings is significantly lower, that’s a signal that Sellers are repositioning to attract Buyers more effectively.

 4. Who You Work With Matters

1 in 4 homes listed for sale now are withdrawn or de-listed. That’s why it’s essential to get your pricing, positioning, and condition right from the start. While you can’t control larger market forces, you can control how your property is presented.

Are you a Vero Beach Seller feeling frustrated with the current market? Let’s talk about how we’ve successfully sold properties that others couldn’t.

Stay in the know on market conditions by signing up to receive our interactive monthly market report, featuring valuable data for any zip code in the U.S.