Daytona Beach, FL – Daytona Beach condo prices plunged for the second month in a row as sales continued to hold their ground.
According to the Daytona Beach Multiple Listing Service (MLS), 98 condos were sold at a median sales price of $181,250 during the month of November. The number of sales this November is two greater than the number of sales during November 2016.
The MLS shows a 13.2% drop in median sales price, which is also down month over month. Sales this November were only slightly higher than sales in October of this year. Inventory was also limited in November with only 827 units available, 13.4% fewer available than in November 2016. Year-to-date (YTD) sales have increased more than 6.4% and median sales prices have gone up over 7.3%.
“It’s not unusual for real estate markets to languish a bit around the holidays as people shift their focus over their families and traditions,” said the CEO of The Wyse Home Team at Keller Williams Realty, Ron Wysocarski. “Despite the persistent inventory issues, it has been a good year in real estate around the Daytona area with overall growth in sales and prices.”
The following are comparisons of condo and condotel sales and prices combined over months and years:
November 2017 separated condo and condotel sales:
November 2017 luxury Daytona Beach condo sales included:
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