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

Closed Sales
Monthly
Market Detail - April 2024 Single-Family Homes Indian River County
Summary Statistics
April 2024
April 2023
Percent Change Year-over-Year
Closed Sales Paid in Cash
279 224 24.6 % 143 111 28.8 %
Median Sale Price $ 430,000
$ 407,750 5.5 %
Average Sale Price Dollar Volume
$ 643,016 $ 564,549 13.9 % $ 179.4 Million $ 126.5 Million 41.9 %
Median Percent of Original List Price Received
95.2 % 96.7 % -1.6 %
Median Time to Contract 43 Days 39 Days 10.3 %
Median Time to Sale
86 Days
74 Days
16.2 %
New Pending Sales New Listings
309 330
323 -4.3 %
243 35.8 %
Pending Inventory 433 Inventory ( Active Listings ) 1,137 Months Supply of Inventory 5.3
531 -18.5 % 731 55.5 % 3.3 60.6 %

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
April 2024
837
279
3.1 % 24.6 %
March 2024
231
-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%
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 A
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 Wednesday , May 22 , 2024 . Next data release is Friday , June 21 , 2024 .