Daytona Beach Area Home Sales for May 2023

image of houses in Daytona Beach areaAn analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 477 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $379,000. That’s a more than 17 percent increase in total home sales compared to May 2022, and it’s more than 24 percent higher than home sales in April. Similarly, total sales volume was up 7.6 percent in annual comparisons, and nearly 22 percent higher than home sales volume in April.  Year to date, single family home sales reported in the Daytona Beach MLS are down 14.6 percent.

The median home sales price in the Daytona Beach area was down from last year but up from the previous month, according to MLS reports. At $379,000, the median home sales prices across the area during May was 3.3 percent lower than in May 2022 and 3.6 percent higher than in April 2023. Year to date, MLS reports indicate the median sales price is nearly level that of the first five months of 2022.

  • May 2023: 477 sales, $207,730,515 sales volume, $379,000 median sales price.
  • May 2022:  407 sales, $193,046,885 sales volume, $392,100 median sales price.
  • April 2023: 382 sales, $170,745,209 sales volume, $365,622 median sales price.
  • April 2022:  437 sales, $196,525,367 sales volume, $377,500 median sales price.
  • Year-To-Date 2023: 1784 sales, $788,707,445 sales volume, $370,000 median sales price.
  • Year-To-Date 2022: 2089 sales, $922,844,375 sales volume, $369,000 median sales price.

“May was a particularly strong month for single family home sales,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Daytona Beach, FL. “With condo sales down for the same period, it appears that some buyers this summer may have shifted priorities in their home search.”         

The inventory levels of available homes listed for sale in Daytona Beach increased in May, with the MLS reporting that there were roughly 32 more homes on the market than the month prior. Overall, MLS reports show inventory levels were more than 39 percent higher than the number of homes available in May last year.

  • May 2023 Inventory: 1,581 single family home listings were active at some point during the month.
  • May 2022 Inventory: 1,135 single family home listings were active at some point during the month.
  • April 2023 Inventory: 1,549 single family home listings were active at some point during the month.
  • Year-To-Date 2023 Inventory: 3,780 single family home listings were active at some point during the period.
  • Year-To-Date 2022 Inventory: 3,205 single family home listings were active at some point during the period.

“Inventory rose a little in May, but demand was stronger,” Wysocarski said. “We are again seeing well priced homes sell fast and with multiple offers.”

Wyse Home Team Realty also analyzed data for key areas where home buyers’ shop. The reports show sales were up in all areas except New Smyrna Beach, where sales fell slightly. New Smyrna Beach held the top spot for highest median sales price during May, at $500,000.  

  • Ormond Beach: 106 sales, $431,000 median sales price.  
  • Mainland Daytona (Including Holly Hill and South Daytona): 96 sales, $284,000 median sales price.
  • Beachside (Ormond By The Sea to Ponce Inlet):  48 sales, $417,000 median sales price.
  • Port Orange: 77 sales, $360,000 median sales price.
  • New Smyrna Beach: 63 sales, $500,000 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 6/15/23 for the following periods: 5/1/23 to 5/31/23, 5/1/22 to 5/31/22, 4/1/23 to 4/30/23, 4/1/22 to 4/30/22, 1/1/23 to 5/31/23, 1/1/22 to 5/31/22. New Smyrna Beach sales figures are based on information accessed from the New Smyrna Beach Multiple Listing Service on 6/15/23 for the period of 5/1/23 to 5/31/23 and 4/1/23 to 4/30/23. 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.

 

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