Daytona Beach, FL - According to a report based on the Daytona Beach Multiple Listing Service (MLS), the median sales price of homes in Daytona Beach increased significantly in July despite low inventories and a competitive market.
The MLS shows that in July, 466 existing single-family homes in Daytona Beach were sold at the median sales price of $215,000. That is a 10% increase in median sales price and a 4% increase in sales compared to last year. Compared to June, July median sales price stayed the same and sales decreased by 5%.
A comparison of sales and prices of over several months and years is below:
Single-family home buyers also dealt with a market that had almost 7% fewer homes available than in 2016. So far in 2017, 2209 single-family homes were on the market, 185 fewer than at this time in 2016 and 1017 fewer than the first half of 2015.
A comparison of home availability in the area over several months and years is below:
“We’ve warned all year that low inventory levels would have notable effects on spring and summer homebuyers,” said Daytona Beach realtor and head of the Wyse Home Team at Keller-Williams Realty in Port Orange, Ron Wysocarski. “We definitely saw those effects at work in July as buyers struggled to find homes and get their deals closed before their students headed back to school this week.”
Copyright Southern Stone Communications 2017.
