Current research shows that the real estate vacant land market in Palm Bay (zip code 32909) is currently experiencing a healthy level of supply with a months’ supply of inventory at 5.39. This indicates that there is a balanced ratio of available land for sale in the market.

Furthermore, the 12-month change in months of inventory has decreased by 17.2%, demonstrating a trend towards a more competitive market with lower inventory levels. This suggests that demand for vacant land is increasing, potentially leading to a more competitive environment for buyers as well as a more lucrative environment for sellers.

The median days on the market is a mere 8 days, indicating that vacant land is selling quickly in this market. This can be attributed to the high list to sold price percentage of 90.1%, showing that sellers are able to achieve close to their asking price in a relatively short amount of time.