Daytona Beach Area Single Family Home Sales In June 2022
Median sales prices were strong in June, despite a 22 percent dip in home sales across the Daytona Beach area.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 434 existing single-family homes (detached) were sold in the Daytona Beach area with a median home sales price of $385,000. That’s a 22 percent decrease in total home sales over June 2021, but 7 percent higher than sales in May. Total sales volume was down by nearly 9 percent compared to June 2021 and it’s 2 percent higher than home sales volume in May.
According to MLS reports, the median home sales price in the Daytona Beach area held strong at $385,000 during June. It’s 20 percent higher than the median home sales price was during the same month last year.
- June 2022: 434 sales, $195,310,981 sales volume, $385,000 median sales price.
- June 2021: 559 sales $214,992,383 sales volume, $320,000 median sales price.
- May 2022: 404 sales, $191,880,145 sales volume, $393,500 median sales price.
- May 2021: 487 sales $193,269,385 sales volume, $316,000 median sales price.
- Year-To-Date 2022: 2515 sales, $1,114,835,716 sales volume, $372,490 median sales price.
- Year-To-Date 2021: 2882 sales $1,067,600,481 sales volume, $300,000 median sales price.
“Real estate markets are now correcting as experts predicted, and Daytona Beach is no exception to that trend,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL. “Overall though, there’s still quite a bit of pent-up demand for homes in our area so we are still seeing strong home prices and the usual summer season sales spike.”
The inventory levels of available homes listed for sale in the Daytona Beach jumped up in June with the MLS reporting that there were roughly 183 more homes on the market than were available in May. There were 7 percent more homes available this year than were available in June last year. Year to date, the number of detached single family homes listed on the MLS is down 6.5 percent.
- June 2022 Inventory: 1308 single family home listings were active at some point during the month.
- June 2021 Inventory: 1218 single family home listings were active at some point during the month.
- May 2022 Inventory: 1125 single family home listings were active at some point during the month.
- Year-To-Date 2022 Inventory: 3885 single family home listings were active at some point during the period.
- Year-To-Date 2021 Inventory: 4155 single family home listings were active at some point during the period.
Wyse Home Team Realty also analyzed data for key areas where home buyers shop. The reports show sales were up slightly in Ormond Beach, and the median sales price decreased slightly to $455,000. Meanwhile, Port Orange home sales jumped notably in June. And New Smyrna Beach was home to the highest median sales price at $475,000.
- Ormond Beach: 103 sales, $455,000 median sales price.
- Mainland Daytona (Including Holly Hill and South Daytona): 72 sales, $295,000 median sales price.
- Beachside (Ormond By The Sea to Ponce Inlet): 49 sales, $385,000 median sales price.
- Port Orange: 83 sales, $404,000 median sales price.
- New Smyrna Beach: 107 sales, $475,000 median sales price.