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January 2020

Found 2 blog entries for January 2020.

The Daytona Beach area real estate market performed slightly better than industry experts expected in 2019.

The economists at Realtor.com told Forbes magazine early in the year that sales across the Volusia County area could fall as much as 1.3 percent during 2019. However, median home prices were expected to rise by 6.3 percent, placing it among the top 5 areas in the nation expected to see price gains in 2019.

According to the Daytona Beach Multiple Listing Service (MLS) 8,862 properties were sold in 2019, with a median sales price of $214,900. That’s down by less than half a percent over sales in 2018. And it represents a healthy 7.4 percent increase in the median sales price, year over year.

Meanwhile, sales of detached, single family homes

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Daytona’s condo market conditions in 2019 fell short of optimistic predictions made by industry experts as the year began.

The economists at Realtor.com told Forbes magazine early in the year that they anticipated Volusia County would see an estimated 6.3 percent increase in home prices, placing it among the top 5 areas in the nation expected to see price gains in 2019. Although the overall housing market fell largely in line with those expectations, the predicted median price gains did not materialize in Daytona’s condo market.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 1553 condo sales across the area from January 1 to December 31. The units sold had a median sales price of $209,000.

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