Daytona Beach, FL – The median sales price might have gone up, but home sales still fell throughout August.
The new data from the Daytona Beach Multiple Listing Service (MLS), which was analyzed by Wyse Home Team Realty in Port Orange, shows that 465 single-family homes sold around the Daytona Beach area with a median sales price of $245,900 in August.
That’s 5.6% lower than sales were the same month the year prior and a full 10% lower than the number of homes sold during July.
Meanwhile, the median sales price in August was still slightly higher than it was in July. Reports also show it was 6% over August of 2018.
“There’s not much growth, but the local real estate market conditions appear stable as we head into fall,” said Ron Wysocarski, broker and CEO of Wyse Home Team Realty.
Inventory levels also took a slight hit in August. The total number of homes that were on the MLS at some point during the month was down by about 5% in monthly and annual comparisons.
Year-to-date, there have been 23 fewer single-family home sales across the Daytona area than took place during the same period last year. The median sale price for homes sold in the first eight months of the year is 5.5% higher than it was last year, with sales volume up 7%.
The inventory of single-family homes listed on the MLS is also up in annual comparisons, but only by about 2.5%.