Sewalls Point Single Family Market Report February 2018

Sewalls Point Single Family Market Report February 2018

Sewalls Point Real Estate Snapshot, Residential Sales for February 2018

 

There are currently 50 active listings (No change in active listings from last month)

Sewalls Point Single Family Market Report February 2018

11 home sales are pending and awaiting close or lender approval (Increased by 1 homes from January)

Sewalls Point Single Family Market Report February 2018

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

Sewalls Point Single Family Market Report February 2018

The single-family real estate market in Sewalls Point had weaker sales results as compared to both last month and last year.  The inventory of available homes continues to be an issue being at very low levels.

The absorption rate jumped to 16.7 months, in January was 8.3 months.  Going back towards a stronger buyer’s market for Sewalls Point single-family homes.  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 January 2016, the inventory was 67 homes on the market, 15 pending sales and there were 5 closed sales.  Better activity last February tough there is a lower number of available homes for sale this year.

Sewalls Point Single Family Market Report February 2018

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report February 2018

 

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