Sewalls Point Single Family Market Report November 2014

Sewalls Point Single Family Market Report November 2014

Sewalls Point Real Estate Snapshot, Residential Sales for November 2014

 

There are currently 57 active listings (Up by 12 homes October)

Sewalls Point Single Family Market Report November 2014

8 Residential sales are pending and awaiting close or lender approval (No change from last month)

Sewalls Point Single Family Market Report November 2014

6 Homes sold in November (Increased by 4 homes from October)

Sewalls Point Single Family Market Report November 2014

 

The Sewalls Point single family homes market activity for November 2014 finally had a nice little increase in closed sales after a pretty dismal summer.  While this is an improvement, it’s still no very good.  Inventory rose for the month while pending sales remained unchanged.

The current absorption rate is 9.5 months, in September it was 22.5 months.  Sewalls Point remains a buyers market for November.  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 November of 2013, the inventory was 46 homes on the market, 7 pending sales and there were 1 closed sales.  Somewhat better results for 2014.  Though there is still plenty of room for improvement.

Sewalls Point Single Family Market Report November 2014
 

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report November 2014

 

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