Sewalls Point Single Family Market Report June 2016

Sewalls Point Single Family Market Report June 2016

Sewalls Point Real Estate Snapshot, Residential Sales for June 2016

 

There are currently 76 active listings (Up by 6 homes since last month)

Sewalls Point Single Family Market Report June 2016

5 home sales are pending and awaiting close or lender approval (Decreased by 6 homes from May)

Sewalls Point Single Family Market Report June 2016

19 Homes sold in June (Increased by 1 home sales from May)

Sewalls Point Single Family Market Report June 2016

The single family real estate market in Sewalls Point for June continued with good closed activity.  Unfortunately pending sales are down which could indicate slower closed activity for the coming months.

The current absorption rate dipped to 7.6 months, in May it was 7.8 months. Continuing in a positive direction for Sewall’s Point FL..  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 61 homes on the market, 15 pending sales and there were 3 closed sales. The inventory is considerably higher this year and pending sales are off from last year, while closed sales were higher.

Sewalls Point Single Family Market Report June 2016

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report June 2016

 

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