Sewalls Point Single Family Market Report December 2017

Sewalls Point Single Family Market Report December 2017

Sewalls Point Real Estate Snapshot, Residential Sales for December 2017

 

There are currently 46 active listings (Down by 1 homes from last month)

Sewalls Point Single Family Market Report December 2017

13 home sales are pending and awaiting close or lender approval (Increased by 4 homes from November)

Sewalls Point Single Family Market Report December 2017

3 Homes sold in June (Decreased by 7 homes sales from November)

Sewalls Point Single Family Market Report December 2017

The single-family real estate market in Sewalls Point had a weak month for closed sales, but did show an increase inpending sales.  The inventory of available homes is now down to historically low numbers.

The absorption rate jumped to 15.3 months, in November was 4.7 months.  Back into a buyer’s market for Sewalls Point single family homes after only a single month in a seller’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 December 2016, the inventory was 62 homes on the market, 10 pending sales and there were 11 closed sales.  Better sales activity last year on a significantly greater invenotry.

Sewalls Point Single Family Market Report December 2017

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report December 2017

 

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