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

Closed Sales
Monthly
Market Detail - May 2024 Single-Family Homes Indian River County
Summary Statistics
May 2024
May 2023
Percent Change Year-over-Year
Closed Sales Paid in Cash
293 313 -6.4 % 124 136 -8.8 %
Median Sale Price $ 430,000
$ 412,000 4.4 %
Average Sale Price Dollar Volume
$ 654,324 $ 631,808 3.6 % $ 191.7 Million $ 197.8 Million -3.1 %
Median Percent of Original List Price Received
95.3 % 95.3 % 0.0 %
Median Time to Contract 46 Days 46 Days 0.0 %
Median Time to Sale
85 Days
83 Days
2.4 %
New Pending Sales New Listings
275 329
293 -6.1 %
263 25.1 %
Pending Inventory 374 Inventory ( Active Listings ) 1,131 Months Supply of Inventory 5.3
479 -21.9 % 685 65.1 % 3.0 76.7 %

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
1,130
0.4 %
May 2024
293
-6.4%
April 2024
279
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 %
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 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 Friday , June 21 , 2024 . Next data release is Tuesday , July 23 , 2024 .