Sewalls Point Single Family Market Report September 2018

Sewalls Point Single Family Market Report September 2018

Sewalls Point Real Estate Snapshot, Residential Sales for September 2018

 

There are currently 51 active listings (Down by 1 home from last month)

Sewalls Point Single Family Market Report September 2018

8 home sales are pending and awaiting close or lender approval (Down by 4 homes from August)

Sewalls Point Single Family Market Report September 2018

8 Homes sold in September (Increased by 5 homes sales from August)

Sewalls Point Single Family Market Report September 2018

The single-family real estate market in Sewalls Point had a strong month for closed sales but did have a drop in the  number of pending sales.  Pretty good rebound after a very slow August.

The absorption rate plunged to 6.4 months, in August was 17.3 months.  Back into a balanced market for 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 September 2017, the inventory was 43 homes on the market, 4 pending sales and there were 4 closed sales.  Much stronger market activity for 2018 in Sewalls Point.

Sewalls Point Single Family Market Report September 2018

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report September 2018

 

Leave a Reply