Daytona Sales Of Single-Family Homes Dropped In August; Prices Rose Again

By on September 28, 2017 in WNDB News

Daytona Beach, FL – Sales prices of single-family homes in Daytona kept rising in August, as overall sales and inventory levels dropped, according to a Wyse Report released Wednesday from The Wyse Home Team at Keller-Williams Realty.

The Daytona Beach Multiple Listing Service (MLS) reported that there were 416 existing detached single-family homes in the greater Daytona area with a median sales price of $225,000 for the month of August. That’s a 15% increase in median sales prices and a 10.5% decline in sales year-over-year, according to The Wyse Report. Month-to-month, median prices rose 4.6% and fell 10.5%.

Sales figures and comparisons for single family homes in Daytona, courtesy of The Wyse Report, can be found below:

  • August 2017: 416 sales, $225,500 median sales price.
  • August 2016: 465 sales, $196,000 median sales price.
  • July 2017: 466 sales, $215,000 median sales price.
  • July 2016: 448 sales, $195,000 median sales price.
  • YTD 2017: 2963 sales, $210,000 median sales price.
  • YTD 2016: 2875 sales, $189,700 median sales price.

Ron Wysocarski, leader of The Wyse Home Team at Keller-Williams Realty in Port Orange says that inventory issues continue to create roadblocks for many buyers. “Now that some homes are coming off the market to await hurricane-related repairs, we could see inventory levels deteriorate further,” says Wysocarski.

MLS data shows that the market for available single detached family homes dropped 11% since last year. In total, 2257 single family homes have been listed so far this year. That’s 282 fewer homes than were listed during the same period in 2016 and 1016 fewer homes than were listed in the first half of 2015.

Below is a list of active listings and listed single family homes in Daytona, courtesy of The Wyse Report:

  • Aug. 2017: 1680 single family home listings were active at some point.
  • Aug. 2016: 1893 single family home listings were active at some point.
  • 2017 YTD: 2257 single family home listings have been active so far this year.
  • 2016 YTD: 2539 single family homes were listed by this time last year.
  • 2015 YTD: 3273 single family homes were listed by this time in 2015.

Copyright Southern Stone Communications 2017.

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