Sewalls Point Single Family Market Report September 2019

Sewalls Point Real Estate Snapshot, Residential Sales for September 2019

There are currently 40 active listings (Down by 2 homes from last month)

8 home sales are pending and awaiting close or lender approval (Up by 2 homes from August)

5 Homes sold in August (Decreased by 5 homes from August)

The single-family real estate market in Sewalls Point had a decrese in closed sales for September.  Pending sales were up for the month.  While the available inventory of homes for sale remains fairly steady.

The absorption rate jumped up to 8.0 months, in August it was 4.2 months.  Transitioning back into a buyer’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 September 2018, the inventory was 51 homes on the market, 8 pending sales and there were 8 closed sales.  There was better sales activity last year on a greater inventory of available homes for sale.  Pending sales remain the same.

Sewalls Point Single Family Market Report August 2019

Sewalls Point Real Estate Snapshot, Residential Sales for August 2019

There are currently 42 active listings (No changes from last month)

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

10 Homes sold in July (Increased by 2 homes from July)

The single-family real estate market in Sewalls Point is continuing with stronger activity than in recent years.  Pending sales were quite weak this month and this may be a result of the hurricane scare that we had during the latter half of the month.

The absorption rate dropped to 4.2 months, in July it was 5.3 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 August 2018, the inventory was 52 homes on the market, 12 pending sales and there were 3 closed sales.  Considerably better sold numbers on a reduced number of available homes for sale this year.  Pending sales, however, are off for this year.

Sewalls Point Single Family Market Report July 2019

Sewalls Point Real Estate Snapshot, Residential Sales for July 2019

There are currently 42 active listings (Down by 16 homes from last month)

15 home sales are pending and awaiting close or lender approval (Up by 3 homes from June)

8 Homes sold in June (Increased by 1 home from June)

The single-family real estate market in Sewalls Point erased the rise in inventory from last month with an increase in pending sales and a small increase in closed sales.

The absorption rate dropped to 5.3 months, in June it was 8.3 months.  Transitioning back into 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 July 2018, the inventory was 50 homes on the market, 6 pending sales and there were 9 closed sales.  Similar closed sales on a smaller number of homes for sale this year.  Pending activity is considerably better which may indicate better sales volume in the near future.

Sewalls Point Single Family Market Report June 2019

Sewalls Point Real Estate Snapshot, Residential Sales for June 2019

There are currently 58 active listings (Up by 5 homes from last month)

12 home sales are pending and awaiting close or lender approval (Up by 2 homes from May)

7 Homes sold in May (Decreased by 6 homes from May)

The single-family real estate market in Sewalls Point had a nice increase in inventory as well as an increase in pending sales.  Closed sales, unfortunately, were off for this month.

The absorption rate jumped up to 8.3 months, in May it was 4.1 months.  Transitioning back into a buyer’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 June 2018, the inventory was 46 homes on the market, 10 pending sales and there were 6 closed sales.  Slightly greater activity this year when compared to last year but there are more homes available for sale this year.

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.

Sewalls Point Single Family Market Report April 2019

Sewalls Point Real Estate Snapshot, Residential Sales for April 2019

There are currently 61 active listings (Down by 11 homes from last month)

17 home sales are pending and awaiting close or lender approval (Up by 1 home from March)

14 Homes sold in March (Increased by 7 homes from March)

The single-family real estate market in Sewalls Point had a strong month with increases in pending and closed sales.  The inventory has also dropped to be more in line with past historical levels.

The absorption rate dropped to 4.4 months, in March it was 10.3 months.  Dipping into a strong seller’s market for Sewalls Point FL for the first time in quite a while.  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 2018, the inventory was 50 homes on the market, 12 pending sales and there were 10 closed sales.  Better activity this year for Sewalls point.

Sewalls Point Single Family Market Report March 2019

Sewalls Point Real Estate Snapshot, Residential Sales for March 2019

There are currently 72 active listings (Down by 8 homes from last month)

16 home sales are pending and awaiting close or lender approval (Up by 6 homes from February)

7 Homes sold in February (Increased by 2 homes from February)

The single-family real estate market in Sewalls Point is had better activity than last month but still in a buyers market for March 2019.

The absorption rate dropped to 10.3 months, in February it was 16.0 months.  Remaining in a buyers market for Sewalls Point FL but heading towards a balanced 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 March 2018, the inventory was 66 homes on the market, 21 pending sales and there were 9 closed sales.  Stronger closed and pending activity last year with less inventory.

Sewalls Point Single Family Market Report February 2019

Sewalls Point Real Estate Snapshot, Residential Sales for February 2019

There are currently 80 active listings (Up by 4 homes from last month)

10 home sales are pending and awaiting close or lender approval (Down by 7 homes from January)

5 Homes sold in January (Unchanged from January)

The single-family real estate market in Sewalls Point is carrying a large inventory of homes with not a lot of activity.  This may be a very good time for buyers looking in the Sewalls Point single family home market.

The absorption rate rose to 16.0 months, in January it was 15.2 months.  Remaining in a strong buyers 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 February 2018, the inventory was 50 homes on the market, 11 pending sales and there were 3 closed sales.  Considerably greater inventory this year with slightly better sales numbers.

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Sewalls Point Single Family Market Report January 2019

Sewalls Point Real Estate Snapshot, Residential Sales for January 2019

There are currently 76 active listings (Up by 7 home from last month)

17 home sales are pending and awaiting close or lender approval (Up by 8 homes from December)

5 Homes sold in December (Unchanged from December)

The single-family real estate market in Sewalls Point had a large increase in inventory and with pending sales.  Hopefully, this will translate to more closed sales in the near future.

The absorption rate rose to 15.2 months, in December it was 13.4 months.  Still a buyers market for Sewalls Point but trending in the right direction.  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 December 2018, the inventory was 50 homes on the market, 10 pending sales and there were 6 closed sales.  Considerably greater inventory this year with fewer sales, but better-pending activity.

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