As inventory levels remained notably low, home sales fell woefully short of what’s typical for our area in September. In fact, sales fell by more than 14 percent compared to last year and sales were down by 16 percent compared to August.
For the month ending on September 30, 2016, the Daytona Beach Multiple Listing Service (MLS) reported that 380 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $198,450.
The figures represent a 14.2 percent decrease in the number of homes sold and a 16 percent decrease over August sales figures. Median sales prices, however, were up more than 10 percent over last year and up marginally over August prices.
Year-to-date comparisons show sales are…