Indian River County Market Report Indian River County Market Report | Page 2

Closed Sales
Monthly Market Detail - March 2024 Single-Family Homes Indian River County
Summary Statistics
March 2024
March 2023
Percent Change Year-over-Year
Closed Sales Paid in Cash
231 257 -10.1 % 121 111 9.0 %
Median Sale Price $ 460,000
$ 395,000 16.5 %
Average Sale Price Dollar Volume
$ 771,999 $ 644,382 19.8 % $ 178.3 Million $ 165.6 Million 7.7 %
Median Percent of Original List Price Received
95.7 % 96.2 % -0.5 %
Median Time to Contract 49 Days 43 Days 14.0 %
Median Time to Sale
80 Days
86 Days
-7.0 %
New Pending Sales New Listings
311 370
301 3.3 %
343 7.9 %
Pending Inventory 421 Inventory ( Active Listings ) 1,154 Months Supply of Inventory 5.5
461 -8.7 % 841 37.2 % 3.6 52.8 %

Closed Sales

The number of sales transactions which closed during the month
Economists ' note : Closed Sales are one of the simplest — yet most important — indicators for the residential real estate market . When comparing Closed Sales across markets of different sizes , we recommend comparing the percent changes in sales rather than the number of sales . Closed Sales ( and many other market metrics ) are affected by seasonal cycles , so actual trends are more accurately represented by year-over-year changes ( i . e . comparing a month ' s sales to the amount of sales in the same month in the previous year ), rather than changes from one month to the next .
Month
Closed Sales
Percent Change
Year-over-Year
Year-to-Date
March 2024
558
231
-5.1% -10.1%
February 2024
171
-6.0%
January 2024
156
4.7 %
December 2023
181
-1.1%
November 2023
147
-21.0%
October 2023
175
-15.5%
September 2023
224
8.2 %
August 2023
203
-27.0%
July 2023
219
-14.1%
June 2023
282
-1.7%
May 2023
313
13.4 %
April 2023
224
-26.6%
March 2023
257
-24.0%
500
2020 2021 2022 2023
400
300
200 100
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services . Statistics for each month compiled from MLS feeds on the 15th day of the following month . Data released on Thursday , April 18 , 2024 . Next data release is Wednesday , May 22 , 2024 .