The spring and summer home selling season kicked into high gear in May, pushing both sales and median prices higher across the greater Daytona Beach area.
For the month ending on May 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 543 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $245,000. That’s a 3 percent increase in sales compared to the same month last year, and a 12 percent jump over sales totals in April. The median sales price for homes sold across Daytona was 6.5 percent higher in both monthly and annual comparisons.
Year to date, single family home sales are down by 2.5 percent across the Daytona area, while prices are up by just over 3 percent. And sales volume is up 10 percent compared to the first 5 month of 2018, according to MLS reports.
- May 2019: 543 sales, $245,000 median sales price.
- May 2018: 527 sales, $229,900 median sales price.
- April 2019: 483 sales, $230,000 median sales price.
- April 2018: 463 sales, $227,900 median sales price.
- Year-To-Date 2019: 2052 sales, $160,132,064 sales volume, $235,000 median sales price.
- Year-To-Date 2018: 2103 sales, $145,555,919 sales volume, $227,900 median sales price.
“Sales are still running slightly behind last year’s totals, but the numbers are improving,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL.
Inventory levels fell slightly lower in May than they were in April. But the totals were better than in May 2018. And year to date, the inventory of single family homes listed on the MLS is up by 4 percent over the same period last year, according to MLS data.
- May 2019 Inventory: 2449 single family home listings were active at some point during the month.
- Year-To-Date 2019 Inventory: 5108 single family home listings were active at some point during the period.
- Year-To-Date 2018 Inventory: 4204 single family home listings were active at some point during the period.
Wyse Home Team Realty also analyzed data for key areas where homebuyers shop. Ormond Beach again showed the strongest sales totals in May. The city also saw the strongest sales gains, with totals up from 121 in April. And New Smyrna Beach held its title for highest median sales price in May.
- Ormond Beach: 142 sales, $263,500 median sales price
- Mainland Daytona (Including Holly Hill and South Daytona): 96 sales, $173,750 median sales price
- Beachside (Ormond By The Sea to Ponce Inlet): 72 sales, $257,500 median sales price.
- Port Orange: 90 sales, $257,730 median sales price
- New Smyrna Beach: 63 sales with a $350,000 median sales price.
The Wyse Report is a periodic report analyzing real estate sales, prices and trends in the greater Daytona Beach area. Statistical information provided is based on information accessed from the Daytona Beach Area Association of REALTORS® Multiple Listing Service on 6/17/19 for the following periods: 5/1/18 to 5/31/18, 5/1/19 to 5/31/19, 4/1/18 to 4/30/18, 4/1/19 to 4/30/19, 1/1/18 to 5/31/18, 1/1/19 to 5/31/19. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 6/17/19 for the period of 5/1/19 to 5/31/19. Learn more about Wyse Home Team Realty by visiting www.RonSellsTheBeach.com. Specific data research requests and custom comparisons are available to the media, upon request. If you have questions or requests, please contact Wyse Home Team Realty’s Broker and CEO, Ron Wysocarski at 386-562-2651.