Sewalls Point Single Family Market Report July 2017

Sewalls Point Single Family Market Report July 2017

Sewalls Point Real Estate Snapshot, Residential Sales for July 2017

 

There are currently 43 active listings (Down by 14 homes from last month)

Sewalls Point Single Family Market Report July 2017

8 home sales are pending and awaiting close or lender approval (Decreased by 6 homes from June)

Sewalls Point Single Family Market Report July 2017

8 Homes sold in June (Decreased by 8 homes sales from June)

Sewalls Point Single Family Market Report July 2017

The single family real estate market in Sewalls Point continues with strong activity for July.  Sales were off from last month but remain quite good with a much smaller inventory of available homes.

The absorption rate plunged to 5.4 months, in June it was 3.6 months.  Holding on to a sellers’ market for Sewalls Point single family homes for the second month in a row.  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 July 2016, the inventory was 69 homes on the market, 11 pending sales and there were 2 closed sales.  Considerably better sales activity this year and with reduced inventory.

Sewalls Point Single Family Market Report July 2017

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report July 2017

 

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