Sewalls Point Single Family Market Report December 2015

Sewalls Point Single Family Market Report December 2015

Sewalls Point Real Estate Snapshot, Residential Sales for December 2015

There are currently 51 active listings (Down by 11 homes since last month)

13 home sales are pending and awaiting close or lender approval (Increased by 4 homes from November)

Sewalls Point Single Family Market Report December 2015

3 Homes sold in December (Down by 5 sales from November)

Sewalls Point Single Family Market Report December 2015

The single family real estate market in Sewalls Point had a poor month for closed sales in December, though other indications of future activity look very positive.  The inventory is down to a much more reasonable level from past months and pending sales are also looking very positive.

The current absorption rate climbed to 17 months, in November it was 7.8 months. a strong buyers market for Sewalls Point.  Though, if the trend for improving sales continue, this may soon come to an end.  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 December of 2014, the inventory was 57 homes on the market, 8 pending sales and there were 18 closed sales.  Considerably better closed activity last year for the Sewalls Point single family home market, though pending sales look better this year.

Sewalls Point Single Family Market Report December 2015

 Search below for Sewalls Point Florida Real Estate for Sale

Rental Properties

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report December 2015

 

Leave a Reply