Sewalls Point Single Family Market Report July 2019

Sewalls Point Single Family Market Report July 2019

Sewalls Point Real Estate Snapshot, Residential Sales for July 2019

There are currently 42 active listings (Down by 16 homes from last month)

Sewalls Point Single Family Market Report July 2019

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

Sewalls Point Single Family Market Report July 2019

8 Homes sold in June (Increased by 1 home from June)

Sewalls Point Single Family Market Report July 2019

The single-family real estate market in Sewalls Point erased the rise in inventory from last month with an increase in pending sales and a small increase in closed sales.

The absorption rate dropped to 5.3 months, in June it was 8.3 months.  Transitioning back into a seller’s market for the Sewalls Point single-family home 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 July 2018, the inventory was 50 homes on the market, 6 pending sales and there were 9 closed sales.  Similar closed sales on a smaller number of homes for sale this year.  Pending activity is considerably better which may indicate better sales volume in the near future.

Sewalls Point Single Family Market Report July 2019

Currently available Sewalls Point homes for sale

Currently available Sewalls Point vacant land for sale

Sewalls Point Florida Real Estate presented by
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Sewalls Point Single Family Market Report July 2019

 

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