Sewalls Point Single Family Market Report May 2018

Sewalls Point Single Family Market Report May 2018

Sewalls Point Real Estate Snapshot, Residential Sales for May 2018

 

There are currently 51 active listings (Up by 1 homes from last month)

Sewalls Point Single Family Market Report May 2018

12 home sales are pending and awaiting close or lender approval (Unchanged from April)

Sewalls Point Single Family Market Report May 2018

7 Homes sold in June (Decreased by 3 homes sales from April)

Sewalls Point Single Family Market Report May 2018

The single-family real estate market in Sewalls Point retreated a bit for May.  Sales were down while pending sales remained unchanged on just a little higher inventory.

The absorption rate jumped up to 7.3 months, in April was 5 months.  Back into a buyer’s market in 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 April 2017, the inventory was 60 homes on the market, 22 pending sales and there were 9 closed sales.  Considerably better activity last year in Sewalls Point.

Sewalls Point Single Family Market Report May 2018

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report May 2018

 

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