Sebastian-Vero Beach-West Vero Corridor, FL

With a pending ratio of 0.29, inventory pressure remains light, suggesting a market environment where transaction pace is measured. Buyers may find more opportunities for price discipline, as the relatively lower demand absorption allows for more considered negotiations. The market lacks the velocity seen in more competitive conditions.

The average listing price has increased by 2.6% over the past year, reaching $857,826, which is notably elevated compared to the median listing price of $415,000. This disparity suggests a segment of the market may be experiencing diverging price dynamics, potentially indicating some softness at the higher price tiers despite the overall median price decline.

1,375 active listings represent the current floor, with new supply arriving at roughly 352 per month.

of active listings carry a price reduction, +0.3% from prior period.

Median price per square foot has moved -0.8% year-over-year.

Pending-to-active ratio — Cooling.