Hank Wolff Presents Vero Beach mainland market report, 2024 mid-year

The sales data is in and this is the newest market report for Vero Beach’s mainland. This data compares the first 6 months of 2024 to the same time last year. The median sale price increased from $350,000 to $375,000. The number of closings was 954 which is a 10% decrease from last year.

These two key benchmarks of stable values, along with a slight decrease in number of closings has been ongoing for 2 years since the Covid real estate boom ended.  

The inventory of homes for sale is a 6 month supply setting the stage for mostly balanced market between buyers and sellers.

Thank you for watching this report, I will keep watching the market.