Sewalls Point Single Family Market Report May 2019
Sewalls Point Real Estate Snapshot, Residential Sales for May 2019
There are currently 53 active listings (Down by 8 homes from last month)
10 home sales are pending and awaiting close or lender approval (Down by 7 home from April)
13 Homes sold in April (Decreased by 1 home from April)
The single-family real estate market in Sewalls Point continues with strong sales activity. The inventory has now dropped to lower than the desirable number of homes on the market. This may negatively impact sales numbers in the near future.
The absorption rate dropped to 4.1 months, in April it was 4.4 months. Remaining in a seller’s market for the Sewalls Point single family home market. 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 May 2018, the inventory was 51 homes on the market, 12 pending sales and there were 7 closed sales. Pretty similar results when compared to last year. Slightly higher closed sales this year while pending sales were a bit better last year.
Currently available Sewalls Point homes for sale
Currently available Sewalls Point vacant land for sale
Sewalls Point Florida Real Estate presented by
the Gabe Sanders real estate team
For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.