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Home Sales Down In August

Posted by Ron Wysocarski on Wednesday, September 18th, 2019 at 11:49am.

The median sales price rose as home sales fell in the Daytona Beach area during August.

For the month ending on August 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 465 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $245,900. That’s 5.6 percent lower than sales were in August 2018, and it’s a full 10 below the number of homes sold during July. Meanwhile, the median sales price in August was slightly higher than in July, but reports show it was 6 percent over August 2018.

Year to date, there have been 23 fewer single family home sales across the Daytona Beach area than took place during the same period of 2018. The median sale price for homes sold in the first 8 months of the year is 5.5 percent higher than it was last year. And sales volume is up 7 percent compared to the first 8 months of 2018, according to MLS reports.

  • August 2019: 465 sales, $245,900 median sales price.
  • August 2018: 493 sales, $231,000 median sales price.
  • July 2019: 520 sales, $241,200 median sales price.
  • July 2018: 467 sales, $224,805 median sales price.
  • Year-To-Date 2019: 3535 sales, $1,026,653,231 sales volume, $240,000 median sales price.
  • Year-To-Date 2018: 3558 sales, $959,022,180 sales volume, $227,500 median sales price.

“There’s not much growth, but the local real estate market conditions appear stable as we head into Fall,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL.  

Inventory levels took a slight hit August. The total number of homes that were active on the MLS at some point during August was down by about 5 percent in monthly and annual comparisons. Year to date, the inventory of single family homes listed on the MLS is up in annual comparisons, but only by about 2.5 percent.

  • August 2019 Inventory: 2300 single family home listings were active at some point during the month. 
  • July 2019 Inventory: 2428 single family home listings were active at some point during the month. 
  • Year-To-Date 2019 Inventory: 6987 single family home listings were active at some point during the period.
  • Year-To-Date 2018 Inventory: 6821 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. Median sales prices were strong in several of the area’s most popular places to buy. Overall, more homes were sold in Ormond Beach than other key cities on the east side of Volusia County. And New Smyrna Beach held it’s rank as being home to the highest median sales price at $347,500.

  • Ormond Beach: 121 sales, $281,500 median sales price.
  • Mainland Daytona (Including Holly Hill and South Daytona): 65 sales, $173,000 median sales price.  
  • Beachside (Ormond By The Sea to Ponce Inlet):  61 sales, $285,000 median sales price.
  • Port Orange: 83 sales, $265,000 median sales price.
  • New Smyrna Beach: 54 sales, $347,500 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 9/17/19 for the following periods: 7/1/18 to7/31/18, 7/1/19 to 7/31/19, 8/1/18 to 8/31/18, 8/1/19 to 8/31/19, 1/1/18 to 8/31/18, 1/1/19 to 8/31/19. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 9/17/2019 for the period of 8/1/19 to 8/31/19. 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.    

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