Sewalls Point Single Family Market Report February 2015

Sewalls Point Single Family Market Report February 2015

Sewalls Point Real Estate Snapshot, Residential Sales for February 2015

 

There are currently 68 active listings (Increased by 10 homes since last month)

Sewalls Point Single Family Market Report February 2015

8 home sales are pending and awaiting close or lender approval (Down by two homes from January)

Sewalls Point Single Family Market Report February 2015

3 Homes sold in February (Unchanged from January)

Sewalls Point Single Family Market Report February 2015

The Sewalls Point single family homes market activity continues to have some difficulties. The inventory rose by 10 homes this month while pending sales were off and another month with only three sales.

The current absorption rate is 22.7 months, in January it was 19.3 months.  Sewalls Point single family home sales remain in an extreme buyers market for February.  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 February of 2013, the inventory was 55 homes on the market, 17 pending sales and there were 2 closed sales.  Last year saw fewer sales in February, but much better pending activity.

Sewalls Point Single Family Market Report February 2015

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report February 2015

 

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