2021 Daytona Beach Home Sales
Despite another year of economic uncertainty amid a worldwide pandemic home sales and prices rose across the Daytona Beach area in 2021.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 5816 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $316,125. That’s a 4 percent increase in home sales over 2020, and a 19 percent rise in median home sales prices.
Overall, the number of total sales of real property in the Daytona Beach area rose more than 8 percent, and the median sales price of all property types climbed by 19.5 percent.
- 2021 House Sales: 5,816 sales, $2,247,190,555 sales volume, $316,125 median sales price.
- 2020 House Sales: 5,583 sales, $1,771,552,277 sales volume, $264,900 median sales price.
- 2019 House Sales: 5,266 sales, $1,523,480,545sales volume, $242,500 median sales price.
- 2021 Sales (All property types): 10,725 sales, $3,461,718,031 sales volume, $275,000 median sales price.
- 2020 Sales (All property types): 9,899 sales, $2,568,522,254 sales volume, $230,000 median sales price.
- 2019 Sales (All property types): 8,904 sales, $2,178,375,863 sales volume, $215,000 median sales price.
“The Daytona Beach real estate market fared extremely well in 2021,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL.
The already desperately low levels of available homes in the Daytona Beach area fell further in 2021, according to MLS data. The number of single family homes offered in the Daytona MLS during 2022 was 11.8 percent lower than in in 2020, and nearly 21 percent lower than in 2019. All told, the 2021 inventory across all property types was 11 percent below inventory levels in 2020.
- 2020 Inventory: 7259 listings were made active during the year.
- 2020 Inventory: 8233 listings were made active during the year.
- 2019 Inventory: 9180 listings were made active during the year.
Currently, real estate market experts predict ongoing inventory issues this year, ensuring a continuation of rising home prices and seller’s market conditions for much of the year.
A Realtor.com report predicts a 6.6 percent increase in home sales, which would bring the market to 16-year high. And a 2.9 percent jump in home prices is expected during 2022. Meanwhile, rent prices are predicted to rise even faster than home prices.
“I anticipate we will continue to see rising homes sales and prices across the Daytona Beach area in 2022,” Wysocarski said. “And unfortunately, the conditions will likely worsen the affordability challenges faced by many area buyers, particularly first-time buyers.”
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 1/13/21 for the following periods: 1/1/21 to 12/31/21, 1/1/20 to 12/31/20, 1/1/19 to 12/31/19. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 1/19/21 for the period of 12/1/20 to 12/31/20. 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.