Daytona Beach Area Single Family Home Sales For February 2023

The median home sales price in the Daytona Beach area rose in February, as sales continued to hang low.

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 276 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $362,250. That’s a more than 29 percent decrease in total home sales from February 2022, and it’s almost 38 percent lower than home sales just one month prior.  Total sales volume was down 25 percent compared to February 2022 and was more than 36 percent lower than home sales volume in January.  

According to MLS reports, the median home sales price in the Daytona Beach area increased to $362,250 during February. It’s 3.5 percent higher than the median home sales price was in February 2022 and almost 1.5 percent higher than the previous month.

• February 2023: 276 sales, $122,266,509 sales volume, $362,250 median sales price.
• February 2022:  393 sales $163,026,748 sales volume, $350,000 median sales price.
• January 2023: 214 sales, $87,507,170 sales volume, $349,900 median sales price.
• January 2022:  342 sales $137,663,670 sales volume, $345,000 median sales price.
• Year-To-Date 2023: 490 sales, $209,773,679 sales volume, $358,625 median sales price.
• Year-To-Date 2022: 735 sales $300,690,418 sales volume, $350,000 median sales price.

“Sales are still down by almost 30 percent, but home values and the median sales price remains quite strong,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL.

The inventory levels of available homes listed for sale in Daytona Beach increased in February with the MLS reporting that there were roughly 27 more homes on the market than the month prior. Overall, MLS reports show inventory levels were nearly 63 percent higher than the number of homes available in February last year.

• February 2023 Inventory: 1,546 single family home listings were active at some point during the month.
• February 2022 Inventory: 951 single family home listings were active at some point during the month.
• January 2023 Inventory: 1,519 single family home listings were active at some point during the month.
• Year-To-Date 2023 Inventory: 2,028 single family home listings were active at some point during the period.
• Year-To-Date 2022 Inventory: 1,494 single family home listings were active at some point during the period.

“Inventory levels will continue play in important role in local real estate market conditions as we enter the busy spring and summer sales season,” Wysocarski said.

Wyse Home Team Realty also analyzed data for key areas where home buyers’ shop. The reports show sales were up in almost all areas, while prices declined slightly. New Smyrna Beach home sales decreased more notably in February than other areas analyzed. Ormond Beach areas held the top spot for highest median sales price during February, at $479,000.    

• Ormond Beach: 74 sales, $479,000 median sales price.  
• Mainland Daytona (Including Holly Hill and South Daytona): 39 sales, $235,000 median sales price.
• Beachside (Ormond By The Sea to Ponce Inlet):  37 sales, $415,000 median sales price.
• Port Orange: 45 sales, $349,900 median sales price.
• New Smyrna Beach: 30 sales, $449,950 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 3/16/23 for the following periods: 2/1/23 to 2/28/23, 2/1/22 to 2/28/22, 1/1/23 to 1/31/23, 1/1/22 to 1/31/22, 1/1/23 to 2/28/23, 1/1/22 to 2/28/22. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 3/16/22 for the period of 2/1/23 to 2/28/23 and 1/1/23 to 1/31/23. 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.