Home sales and median prices soared around Daytona in May despite desperately low inventory levels, offering a great start to the area’s summer home sales season as the school year ended for local students.
For the month ending on May 31, 2017, the Daytona Beach Multiple Listing Service (MLS) reported that 471 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $215,000.
It amounts to a nearly 13 percent increase in sales and an 8.5 percent jump in median sales prices, year over year. Compared to April, month over month comparisons showed sales totals rose by more than 15 percent as prices climbed 2.3 percent.
Comparisons to previous months and 2016 SFR sales figures are…