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In The News

Stay updated on the central Florida area's top news in real estate. Find our press releases, news outlet interviews and other stories of interest on our local market here!

Found 136 blog entries about In The News.

There was an unexpected rise in home sales across the greater Daytona Beach area in July.

For the month ending on July 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 515 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $240,400. That’s a 10 percent increase in sales compared to the same month a year earlier. And it’s a 7.5 percent increase over home sales in June. Meanwhile, the median sales price for homes sold across Daytona in July were up nearly 7 percent in annual comparisons. But in monthly comparisons, the median price was down more than 5.5 percent.

The home sales spike in July helped bring overall sales in line with last year. Year to date, there

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Daytona area condo sales slumped for the second consecutive month in July.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed a notable drop in July condo sales, compared to condo sales in June. There were 113 condo units sold around the Daytona Beach area in July. That’s a 19 percent decline in sales, year over year. And it’s a 22 percent drop compared to June. Sales volume was down by 8 percent in monthly comparisons, and down by 4.8 percent in annual comparisons.  

Meanwhile, the median condo sales price in July served as a solid recovery from a painful dip in June. The median price of condo sales in the Daytona area during July was $205,900, MLS reports show. That’s more than 17 percent higher than

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Median home sales prices rose in June, as sales fell across the Daytona Beach area.

For the month ending on June 30, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 475 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $256,900. That’s a 12 percent drop in sales compared to sales totals in May. And it’s a 4 percent decline compared to same month last year. Fortunately, the median sales price for homes sold across Daytona in June were higher in both monthly and annual comparisons.  MLS reports show median prices were up by 16 percent compared to the same month last year. And the median prices in June were 4.8 percent higher than in May.

Year to date, single

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Daytona area condo prices fell hard in June.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed a substantial median price drop, compared to condo sales in May. There were 146 condo units sold around the Daytona Beach area in June with a $175,100 median sales price. That median price is more than 15 percent lower than the $207,000 median price in May. It’s 5.8 percent lower than the median price in June 2018.

Sales totals and sales volume were also down in both monthly and annual comparisons, MLS data shows. In fact, sales volume was down by more than $5 million, compared to May. And in annual comparisons, volume was down by $1.8 million.

Year-to-date, sales and median prices for the first half of

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Real estate market conditions are on the move this year, as many experts predicted it would be. Although an overall softening of the real estate market was expected to be the national average this year, unexpected drops in mortgage interest rates have instead served as a "shot-in-the-arm" for home sales, said Frank  Nothaft, chief economist for CoreLogic, one of the nation's foremost real estate and finance market analytics companies. 

And the extra activity in the real estate market has been pushing prices higher. 

CoreLogic's latest report shows that as of the end of May, home prices across the U.S. were up by 3.6 percent in year over year comparisons. The report predicts we will see another 0.8 percent rise by the end of June. And overall, there

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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

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Daytona area condo sales were up notably in May.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 148 condo units sold around the Daytona Beach area in May. It’s a 13.8 percent increase in sales, compared to sales totals in May of 2018. Median sales prices, however, fell slightly by 2 percent.

Monthly comparisons showed May condo sales were slightly weaker than in April, while median prices were a bit stronger.

While there were healthy gains in sales totals, MLS reports show sales volume was up by even stronger margins. Sales volume in May 2019 was nearly 20 percent higher than during the same month last year. Year-to-date, sales totals finally caught up with 2018 figures, bringing both

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After a slow first quarter of the year, single family home sales around Daytona Beach picked up slightly in April.

For the month ending on April 30, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 483 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $230,000. It’s a 4 percent rise in sales compared to the same month last year and just shy of a 1 percent increase in median sales prices.

Compared to March, sales were up by 11 percent and median prices remained stable.  Year to date, single family home sales are down by more than 4 percent across the Daytona area, while prices are up by just over 2 percent.

  • April 2019: 483 sales, $230,000 median sales
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Daytona area condo sales improved in April, but median sales prices fell for the first time in months.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were 155 condo units sold around the Daytona Beach area in April. It’s a 6 percent increase in sales, compared to sales totals in April of 2018. Unfortunately, year-to-date sales remained down 3 percent compared to the number of condo sales during the first four months of last year.

While there were healthy gains in sales totals, MLS reports show sales volume was up only marginally, 0.5 percent. That’s thanks to a 6 percent median price drop in area’s condo market during April.  The median condo sales price in April was $195,000, down $12,500 from

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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:

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