Sewalls Point Single Family Market Report October 2015

Sewalls Point Single Family Market Report October 2015

Sewalls Point Real Estate Snapshot, Residential Sales for October 2015

 

There are currently 62 active listings (Up by 8 homes since last month)

Sewalls Point Single Family Market Report October 2015

9 home sales are pending and awaiting close or lender approval (Decreased by 6 homes from September)

Sewalls Point Single Family Market Report October 2015

8 Homes sold in October (Up by 3 sales from September)

Sewalls Point Single Family Market Report October 2015

The single family real estate market in Sewalls Point has shown some steady improvement in the past three months and if this trend continues we may very well find this market to be in balance fairly soon.

The current absorption rate dropped to 7.8 months, in September it was 10.8 months. Still a buyers market for Sewalls Point but has been improving steadily for the past three months.  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 October of 2014, the inventory was 45 homes on the market, 8 pending sales and there were 2 closed sales.  Considerably better activity this year for the Sewalls Point single family home market.

Sewalls Point Single Family Market Report October 2015

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report October 2015

 

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