Sewalls Point Homes for Sale and Sold Report December 2013

Sewalls Point Homes for Sale and Sold Report December 2013

Sewalls Point Real Estate Snapshot, Residential Sales for December 2013

 

There are currently 43 active listings (a decrease of 3 homes for sale from November)Sewalls Point Homes for Sale and Sold Report December 2013

 

8 Residential sales are pending and awaiting close or lender approval (Up 1 home from last month)Sewalls Point Homes for Sale and Sold Report December 2013

 

5 Homes sold in November (Up by 4 homes from November) Sewalls Point Homes for Sale and Sold Report December 2013

After a disappointing November, the Sewalls Point market activity rebounded a bit for December 2013 to end the year fairly well.   Back to 5 closed sales for December.   The inventory decreased again and pending sales had a slight increase.

The absorption rate decreased to 8.6 to  months compared to last months 46 months.  Still a slight 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 December of 2012, the inventory was 36 homes on the market, 8 pending sales and there were 6 closed sales.  Interestingly we have a higher inventory this year and 1 less sale.  Still better numbers than last month.

Please use the charts below as reference only as they rely on all residential types of property in the Sewalls Point real estate market:Sewalls Point Homes for Sale and Sold Report December 2013

 

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Sewalls Point Florida Real Estate presented by:
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Rental Properties

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Sewalls Point Homes for Sale and Sold Report December 2013

 

 

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