Sewalls Point Single Family Market Report August 2018

Sewalls Point Single Family Market Report August 2018

Sewalls Point Real Estate Snapshot, Residential Sales for August 2018

 

There are currently 52 active listings (Up by 2 homes from last month)

Sewalls Point Single Family Market Report August 2018

12 home sales are pending and awaiting close or lender approval (Up by 6 homes from July)

Sewalls Point Single Family Market Report August 2018

3 Homes sold in August (Decreased by 6 homes sales from July)

Sewalls Point Single Family Market Report August 2018

The single-family real estate market in Sewalls Point had a weak month for closed sales but did have an improved number of pending sales.  Hopefully, this will result in greater closed sales volume in the near future.

The absorption rate shot up to 17.3 months, in July was 5.6 months.  Back into a strong buyer’s market for Sewalls Point.  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 August 2017, the inventory was 54 homes on the market, 6 pending sales and there were 1 closed sales.  Better activity this year with plenty of room for improvement.

Sewalls Point Single Family Market Report August 2018

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report August 2018

 

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