Daytona Beach, FL – Don’t expect Daytona Beach area property prices to go down anytime soon the way the market is going.
455 single-family detached homes were sold this past April for a median sales price of $227,000, according to the Daytona Beach Multiple Listing Service. That’s a jump of over 10% in actual sales and 8% in price when compared to April 2017.
By the numbers, 43 more homes sold in April 2018 versus the year prior. The median price also rose by $17,000.
Ron Wysocarski – owner of Wyse Home Team Realty in Port Orange – says inventory remains an issue, even though there are more homes for buyers to choose from than there was in 2017.
“We’re seeing improvements in the number of listings being added to the market, but buyer demand remains strong,” Wysocarski added. “I think we will continue to see strong sales and median prices through the spring and summer.”
Listings fell by 27 homes this past April versus March but grew by 10% over the prior April, according to MLS data.
April’s numbers closely mirrored the March 2018 figures of 457 homes sold for a $235,000 median sales price. When compared to March 2017, home sales this past March were roughly equal (463) and the median price ($197,000) rose by $38,000.
Even though median sales prices fell by 3% between March and April, the overall trend remains up in 2018, with median sales prices growing by 12% over the first four months of this year versus the same time last year. Listings also went up by nearly 6%.
So far in 2018, 1,556 homes have sold in the greater Daytona Beach area for a median sales price of $227,500. That’s 31 more homes and $25,500 more in median sales price than during the same stretch in 2017.
Listings show a similar trend, with 231 more homes listed over the first four months of this year compared to 2017.