Sewalls Point Single Family Market Report April 2019

Sewalls Point Real Estate Snapshot, Residential Sales for April 2019

There are currently 61 active listings (Down by 11 homes from last month)

17 home sales are pending and awaiting close or lender approval (Up by 1 home from March)

14 Homes sold in March (Increased by 7 homes from March)

The single-family real estate market in Sewalls Point had a strong month with increases in pending and closed sales.  The inventory has also dropped to be more in line with past historical levels.

The absorption rate dropped to 4.4 months, in March it was 10.3 months.  Dipping into a strong seller’s market for Sewalls Point FL for the first time in quite a while.  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 2018, the inventory was 50 homes on the market, 12 pending sales and there were 10 closed sales.  Better activity this year for Sewalls point.