Sewalls Point Single Family Market Report June 2018

Sewalls Point Single Family Market Report June 2018

Sewalls Point Real Estate Snapshot, Residential Sales for June 2018

 

There are currently 46 active listings (Down by 5 homes from last month)

Sewalls Point Single Family Market Report June 2018

10 home sales are pending and awaiting close or lender approval (Down by 2 homes from May)

Sewalls Point Single Family Market Report June 2018

6 Homes sold in June (Decreased by 1 homes sales from May)

Sewalls Point Single Family Market Report June 2018

The single-family real estate market in Sewalls Point retreated for the second month in a row.  The inventory of active listings was down as was pending and closed sales.

The absorption rate rose to 7.7 months, in May was 7.3 months.  Remaining in a buyer’s market for Sewalls Point.  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 2017, the inventory was 57 homes on the market, 14 pending sales and there were 16 closed sales.  Considerably better activity last year in Sewalls Point.

Sewalls Point Single Family Market Report June 2018

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report June 2018

 

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