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Indian River Real Estate Forecast 2022
Indian River County Florida is a great place to live, work, and play. The real estate market in this beautiful part of the world is always hot, and experts are predicting that it will only get hotter over the next few years.
By: Coldwell Banker Paradise
If you're thinking of buying a home in Indian River County Florida, now is definitely the time to do it. Or if you're thinking of selling your home, or investing in property, now is also the time to act.
According to the National Association of Realtors, Florida is one of the top states in the country for real estate investment. And Indian River County is a great place to invest in property. In this post, we'll take a look at the Indian River County real estate forecast for 2022 and what that means for home buyers, sellers, and investors. So whether you're thinking of buying a home in Indian River County or looking to invest in property here, read on for some insights into what's happening in the market.
Indian River County is located on the east coast of Florida, bordering the Atlantic Ocean. It's situated between Cocoa Beach to the north and Fort Pierce to the south. Indian River County consists of sixteen cities and at present, there are just over 1,7000 homes for sale in the area, ranging from $10,000 up to $27 million.
In January 2022, the median listing home price in Indian River County stood at nearly $350,000, which represents an increase of 21.2% in a year-over-year comparison. The median listing price per square foot was $208, with a median selling price of $327,500. The sale to list price ratio was 95.51%, which means homes were selling for just 4.49% under the asking price.
Indian River County is currently experiencing a buyers' market, which means there is more inventory available than active buyers. The median days on the market presently stand at 58 days, which is slightly higher than last month, but slightly less than last year.
All of this data points to a strong and healthy residential real estate market in Indian River County. However, with the moratorium on foreclosures and short sales lifted, the reintroduction of distressed properties could have a negative impact -- if those distressed properties flood the market in a short period of time. But, if distressed properties come incrementally, it shouldn't impact the market.
For more information about renting a home or selling your home, please contact Jillian Arce and her team at http://teamparadisepropertymanagement.com/