This is a new chart shows the drastic change in homes for sale inventory in the last 5 years in Indian River County. Inventory reached a peak in January of 2008. Since then we have seen a steady reduction except for an upturn in early 2009 probably caused when foreclosures hit the market in large numbers. Current inventory stands at 3165 homes available for sale.
However, just like government unemployment figures, this chart does not show the entire inventory which includes homes that are no longer on the market because the owners gave up trying to sell and either stopped making payments waiting for foreclosure or gave up and are waiting for prices to rebound.
2010 August Vero Beach - Indian River Co Real Estate Inventory