Vero Beach Mainland Market Report June 2023

The June 2023 Real Estate Market Report for Vero Beach Mainland shows that we continue to be in a Sellers Market with buyers actively looking for homes on the mainland even as the summer season came upon us. Sales and sale prices remained at almost the same levels as the previous month while the inventory slightly decreased.

Sale prices are stabilizing but we continue to see some price reductions indicating that the elevated prices are affecting sales. Following are some statistics for this month.

Vero Beach Mainland Real Estate Market Insights

• In June 2023, the Vero Beach Mainland was again a Sellers Market with a 39% Sales Ratio.
• There were 5488 homes for sale on the mainland and 191 were sold in June 2023.
• The inventory (homes available for sale) in June 2023 slightly decreased by 6% from May but still 186% higher compared to the same month in 2022. The decrease in inventory is certainly a welcoming sign for the sellers and may keep sale prices steady.
• In June 2023, homes sold for a median of 97.42% of list price, at almost the same level as last month as prices are stabilizing.
• The most active price band for Vero Beach Mainland homes was again homes priced from $500,000 to $1,000,000, with 50 sales and sales ratio of 40%, as more higher priced homes were sold in Vero Beach mainland.
• In June 2023 the median sales price for mainland homes remained almost the same as in May with median price at $354,900.
• The most active market in June 2023 was again the Southeast County area with 181 homes for sale, 111 Pending Sales, 82 sales, 2.2 months of remaining inventory (absorption rate) and a Strong Sellers Market.

For a more comprehensive market analysis for a specific Vero Beach area or neighborhood on the Mainland or any other zip code use the request form below.