Sewalls Point Single Family Market Report March 2018

Sewalls Point Single Family Market Report March 2018

Sewalls Point Real Estate Snapshot, Residential Sales for March 2018

 

There are currently 48 active listings (Down by 2 homes from last month)

Sewalls Point Single Family Market Report March 2018

16 home sales are pending and awaiting close or lender approval (Increased by 5 homes from February)

Sewalls Point Single Family Market Report March 2018

4 Homes sold in June (Increased by 1 homes sales from February)

Sewalls Point Single Family Market Report March 2018

The single-family real estate market in Sewalls Point showed increased activity when compared to last month but still has much room for improvement.  The inventory of available homes is now very low and affecting sales activity.

The absorption rate fell to 12 months, in February was 16.7 months.  Remaining in a buyer’s market for Sewalls Point single-family homes.  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 February 2016, the inventory was 66 homes on the market, 21 pending sales and there were 9 closed sales.  Better activity last March when there was a greater number of homes for sale.

Sewalls Point Single Family Market Report March 2018

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report March 2018

 

Leave a Reply