Home sales were down for the third consecutive month across the Daytona Beach area in March.
For the month ending on March 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 435 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $230,500. It’s a 7 percent drop in sales compared to the same month last year and a nearly 2 percent decline in median prices
Compared to February, sales were up by 52 percent and prices were down by 2 percent. And year to date, single family home sales are down by more than 9 percent across the Daytona area, while prices are up by 3 percent.
Comparisons to previous months and 2018 Single Family Home Sales figures are below:
- March 2019: 435 sales, $230,500 median sales price.
- March 2018: 465 sales, $234,995 median sales price.
- February 2019: 286 sales, $235,500 median sales price.
- February 2018: 353 sales, $228,500 median sales price.
- Year-To-Date 2019: 1010 sales, $234,995 median sales price.
- Year-To-Date 2018: 1112 sales, $227,650 median sales price.
“Home sales weren’t as robust as we hoped during the first quarter of the year, but there is still strength in the market,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL.
Inventory levels rose again in March. There were 75 more homes on the market than were available during February, and 7 percent more listings than were available in March of 2018. Year to date, inventory levels are also up by 7 percent, according to MLS data.
The detailed statistics are as follows:
- March 2019 Inventory: 2571 single family home listings were active at some point during the month.
- Year-To-Date 2019 Inventory: 3804 single family home listings were active at some point during the period.
- Year-To-Date 2018 Inventory: 3544 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 March. However, sales and median prices in the city were down by more than 15 percent from last March, when 121 homes were sold with a median sales price of $250,000.
March 2019 single family home sales data by area:
- Ormond Beach: 102 sales, $277,000 median sales price
- Mainland Daytona (Including Holly Hill and South Daytona): 57 sales, $178,000 median sales price
- Beachside (Ormond By The Sea to Ponce Inlet): 55 sales, $253,000 median sales price.
- Port Orange: 86 sales, $248,500 median sales price
- New Smyrna Beach: 54 sales with a $335,000 median sales price.
About The Wyse Report and Wyse Home Team Realty:
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 4/22/19 for the following periods: 3/1/18 to 3/31/18, 3/1/19 to 3/31/19, 2/1/18 to2/28/18, 2/1/19 to 2/28/19, 1/1/18 to 3/31/18, 1/1/19 to 3/31/19. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 4/22/19 for the period of 3/1/19 to 3/31/19. 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.