Sewalls Point Single Family Market Report April 2015

Sewalls Point Single Family Market Report April 2015

Sewalls Point Real Estate Snapshot, Residential Sales for April 2015

 

There are currently 79 active listings (Increased by 7 homes since last month)

Sewalls Point Single Family Market Report April 2015

11 home sales are pending and awaiting close or lender approval (Down by 6 homes from March)

Sewalls Point Single Family Market Report April 2015

6 Homes sold in April (Increased by 3 homes from March)

Sewalls Point Single Family Market Report April 2015

The Sewalls Point single family homes market activity remains challenging for sellers.  Though buyers have some excellent choices and opportunities at the present time.  Closed sales doubled from last month, though the inventory is quite high and pending sales decreased.

The current absorption rate dropped to 13.2 months, in March it was 24 months. Much improved from last month, but still a buyer’s 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 April of 2014, the inventory was 58 homes on the market, 13 pending sales and there were 5 closed sales.  Other than 1 additional closed sale this year, last years activity was better when considering the lower inventory.

Sewalls Point Single Family Market Report April 2015

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report April 2015

 

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