Sewalls Point Single Family Market Report June 2015

Sewalls Point Single Family Market Report June 2015

Sewalls Point Real Estate Snapshot, Residential Sales for June 2015

 

There are currently 61 active listings (Decreased by 8 homes since last month)

Sewalls Point Single Family Market Report June 2015

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

Sewalls Point Single Family Market Report June 2015

3 Homes sold in June (Unchanged from May)

Sewalls Point Single Family Market Report June 2015

The Sewalls Point single family homes market continues to face slow sales activity even as the surrounding areas are seeing some very strong growth.  There is some good news with the increased pending activity which will hopefully translate to more closed sales in the near future.

The current absorption rate decreased slightly to 20.3 months, in May it was 23 months. Lots 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 June of 2014, the inventory was 53 homes on the market, 11 pending sales and there were 5 closed sales.  We have better pending activity this year, though not as good with closed activity.

Sewalls Point Single Family Market Report June 2015

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report June 2015

 

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