Indian River County Monthly Market Report - May March 2025 | Page 7

Monthly Market Detail- May 2025 Single-Family Homes Indian River County

New Pending Sales

The number of listed properties that went under contract during the month
Economists ' note: Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale.
Month
New Pending Sales
Percent Change
Year-over-Year
Year-to-Date
1,377
-0.1%
May 2025
259
-5.8%
April 2025
299
-3.2%
March 2025
287
-7.7%
February 2025
266
-1.5%
January 2025
266
24.3 %
December 2024
201
10.4 %
November 2024
209
18.8 %
October 2024
173
8.1 %
September 2024
236
22.3 %
August 2024
215
-15.7%
July 2024
250
10.6 %
June 2024
248
-0.4%
May 2024
275
-6.1%
Pending Sales
600 500 400 300 200 100
0
2021 2022 2023 2024
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

New Listings

The number of properties put onto the market during the month
Economists ' note: New Listings tend to rise in delayed response to increasing prices, so they are often seen as a lagging indicator of market health. As prices rise, potential sellers raise their estimations of value— and in the most recent cycle, rising prices have freed up many potential sellers who were previously underwater on their mortgages. Note that in our calculations, we take care to not include properties that were recently taken off the market and quickly relisted, since these are not really new listings.
Month
New Listings
Percent Change
Year-over-Year
Year-to-Date
1,719
-1.7%
May 2025
279
-15.2%
April 2025
309
-6.4%
March 2025
385
4.1 %
February 2025
352
0.9 %
January 2025
394
6.2 %
December 2024
258
16.7 %
November 2024
302
20.8 %
October 2024
264
-2.9%
September 2024
314
31.9 %
August 2024
184
-34.3%
July 2024
282
8.0 %
June 2024
290
12.0 %
May 2024
329
25.1 %
New Listings
600 500 400 300 200 100
0
2021 2022 2023 2024
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 Monday, June 22, 2025. Next data release is Wednesday, July 23, 2025.