Sewalls Point Single Family Market Report September 2015

Sewalls Point Single Family Market Report September 2015

Sewalls Point Real Estate Snapshot, Residential Sales for September 2015

 

There are currently 54 active listings (Down by 5 homes since last month)

Sewalls Point Single Family Market Report September 2015

15 home sales are pending and awaiting close or lender approval (Decreased by 1 homes from August)

Sewalls Point Single Family Market Report September 2015

5 Homes sold in September (Up by two sales from August)

Sewalls Point Single Family Market Report September 2015

The single family real estate market in Sewalls point continues to struggle, though there was some improvement for this month as compared to the last few reporting periods.  Sales appear to be picking up in Sewalls Point and at a good price point for both buyers and sellers.

The current absorption rate dropped to 10.8 months, in August it was 19.7 months. Still a buyers market for Sewalls Point. With pending sales rising, this may be an excellent time for buyers to take advantage of the Sewalls Point residential 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 September of 2014, the inventory was 45 homes on the market, 7 pending sales and there were no closed sales.  Better activity this year for the Sewalls Point single family home market.

Sewalls Point Single Family Market Report September 2015

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

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Sewalls Point Single Family Market Report September 2015

 

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