Sewalls Point Single Family Market Report February 2017

Sewalls Point Single Family Market Report February 2017

Sewalls Point Real Estate Snapshot, Residential Sales for February 2017

 

There are currently 67 active listings (Unchanged from last month)

Sewalls Point Single Family Market Report February 2017

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

Sewalls Point Single Family Market Report February 2017

5 Homes sold in January (Increased by 1 homes sales from January)

Sewalls Point Single Family Market Report February 2017

The single family real estate market in Sewalls Point continues to show somewhat weaker activity though I’m seeing quite a bit of curent activity and the March report may show improvements.

The absorption stayed at 16.8 months, in January it was also 16.8 months.  A strong buyers’ market once again.  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 February 2016, the inventory was 56 homes on the market, 12 pending sales and there were 6 closed sales.  Better volume of sales and pendings last winter with a smaller inventory.

Sewalls Point Single Family Market Report February 2017

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report February 2017

 

Leave a Reply