Sewalls Point Single Family Market Report July 2015

Sewalls Point Single Family Market Report July 2015

Sewalls Point Real Estate Snapshot, Residential Sales for July 2015

 

There are currently 58 active listings (Decreased by 3 homes since last month)

Sewalls Point Single Family Market Report July 2015

12 home sales are pending and awaiting close or lender approval (Down by 3 homes from June)

Sewalls Point Single Family Market Report July 2015

5 Homes sold in July (Up by two sales from June)

Sewalls Point Single Family Market Report July 2015

The Sewalls Point single family homes market continues to face some challenging volume of sales, though there were some excellent closings on the higher end of the market for June.  Also, a nice decrease in inventory will bring back some activity for the near future to Sewalls Point.

The current absorption rate dropped to 11.6 months, in June it was 20.3 months. Still plenty of room for improvement.  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 July of 2014, the inventory was 48 homes on the market, 13 pending sales and there were 5 closed sales.  Other than a larger inventory, last years sales activity is almost identical to this year.

Sewalls Point Single Family Market Report July 2015

 Search below for Sewalls Point Florida Real Estate for Sale

 

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Sewalls Point Single Family Market Report July 2015

 

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