Vero Beach, FL housing market

If your home has been sitting on the market in Vero Beach, you are not alone. The typical home here now takes about 80 days to sell, and that wait is shaping everything else in this market. Values have slipped just over 4 percent over the past year, bringing the typical home value to about three hundred sixty-nine thousand dollars. Meanwhile there are nearly one thousand three hundred homes for sale, and only about 270 new listings came on in the past month, so buyers have plenty to look through and little reason to rush. The median asking price sits around three hundred ninety-two thousand dollars, but with roughly one in six listings already cutting its price, the gap between what sellers ask and what the market will pay is real. If you are selling, price for the market we have, not the one from a year ago. In Vero Beach right now, the homes that actually move are the ones priced right from day one.