Sewalls Point Single Family Market Report March 2017

Sewalls Point Single Family Market Report March 2017

Sewalls Point Real Estate Snapshot, Residential Sales for March 2017

 

There are currently 66 active listings (Down by 1 home from last month)

Sewalls Point Single Family Market Report March 2017

21 home sales are pending and awaiting close or lender approval (Increased by 6 homes from February)

Sewalls Point Single Family Market Report March 2017

9 Homes sold in February (Increased by 4 homes sales from February)

Sewalls Point Single Family Market Report March 2017

The single family real estate market in Sewalls Point showed one of the best months in quite some time with increases in closed sales as well as homes under contract.

The absorption stayed at 7.3 months, in February it was 16.8 months.  Still a buyers’ market but getting close to a balanced one.  One of the better months in some time for Sewalls Point real estate.  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 March 2016, the inventory was 70 homes on the market, 14 pending sales and there were 6 closed sales.  Considerably better activity this year.

Sewalls Point Single Family Market Report March 2017

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report March 2017

 

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