Sewalls Point Single Family Market Report December 2018

Sewalls Point Single Family Market Report December 2018

Sewalls Point Real Estate Snapshot, Residential Sales for December 2018

 

There are currently 69 active listings (Up by 1 home from last month)

Sewalls Point Single Family Market Report December 2018

9 home sales are pending and awaiting close or lender approval (Unchanged from November)

Sewalls Point Single Family Market Report December 2018

5 Homes sold in December (Increased by 3 homes sales from November)

Sewalls Point Single Family Market Report December 2018

The single-family real estate market in Sewalls Point showed a nice little rebound in sales for December, though a little more activity would be welcome.

The absorption rate dropped to 13.4 months, in November it was 34 months.  Still a buyers market for Sewalls Point but trending in the right direction.  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 2017, the inventory was 46 homes on the market, 13 pending sales and there were 3 closed sales.  A nice little improvement of closed sales for this year, but this is with a considerably larger inventory of available homes for sale.

Sewalls Point Single Family Market Report December 2018

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report December 2018

 

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