Sewalls Point Single Family Market Report April 2017

Sewalls Point Single Family Market Report April 2017

Sewalls Point Real Estate Snapshot, Residential Sales for April 2017

 

There are currently 65 active listings (Down by 1 home from last month)

Sewalls Point Single Family Market Report April 2017

18 home sales are pending and awaiting close or lender approval (Decreased by 3 homes from March)

Sewalls Point Single Family Market Report April 2017

7 Homes sold in March (Decreased by 2 homes sales from March)

Sewalls Point Single Family Market Report April 2017

The single family real estate market in Sewalls Point retreated slightly after a strong March.  Still, better activity than last year, but it could be stronger.

The absorption rate rose to 9.3 months, in March it was 7.3 months.  Still a strong buyers’ market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to April 2016, the inventory was 68 homes on the market, 19 pending sales and there were 3 closed sales.  Similar inventory and pending sales as compared to last year with better closed sales for this April.

Sewalls Point Single Family Market Report April 2017

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report April 2017

 

Leave a Reply