Sewalls Point Single Family Market Report January 2017

Sewalls Point Single Family Market Report January 2017

Sewalls Point Real Estate Snapshot, Residential Sales for January 2017

There are currently 67 active listings (Up by 5 homes since last month)

Sewalls Point Single Family Market Report January 2017

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

Sewalls Point Single Family Market Report January 2017

4 Homes sold in December (Decreased by 7 homes sales from December)

Sewalls Point Single Family Market Report January 2017

The single family real estate market in Sewalls Point retreated dramatically after a strong December.  Inventory rose while closed sales were way off.

The current absorption rate shot up to 16.8 months, in December it was 5.6 months.  Quite the see-saw ride for the Sewalls Point real estate market going back into a buyers’ 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 January 2016, the inventory was 57 homes on the market, 15 pending sales and there were 4 closed sales.  Identical number of closed sales while less pending and greater inventory for this year when compared with last January.

Sewalls Point Single Family Market Report January 2017

 Search below for Sewalls Point Florida Real Estate for Sale

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Sewalls Point Single Family Market Report January 2017

 

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