Daytona Beach, FL-Low inventory continues to have an effect on the real estate market here and the March MLS condo sales numbers reflect that. The local MLS shows condo sales and median sale prices about flat for the month compared to the same month a year ago. Last month 119 condos sold with a median sales price of $154,000. In March one year ago, the numbers were 113 condos sold at a median sales price of $158,000.
“Inventory levels right now are continuing to cause unusual market conditions. Buyers had about 200 fewer condos to choose from as they looked to buy last month,” said Ron Wysocarski, CEO of The Wyse Home Team at Keller Williams Realty in Port Orange. “We’re nearing the end of the area’s peak condo sales season now. So if you have a condo you’d like to sell this year, the pressure is on to get it listed now while conditions are still in your favor.”
Wysocarski says he’s cautioning both buyers and sellers not to think the market will remain like this for long.
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