Daytona Beach Area Single Family Home Sales In September 2022
Median sales prices fell across the Daytona Beach area as home sales cratered in September.
An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed that 307 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $370,000. That’s a nearly 40 percent decrease in total home sales from September 2021 and it’s 26 percent lower than home sales just one month prior. Total sales volume was down by 31 percent compared to September 2021 and was 31 percent lower than home sales volume in August.
According to MLS reports, the median home sales price in the Daytona Beach area decreased to $370,000 during September. It’s 31 percent lower than the median home sales price was during the same month last year.
- September 2022: 307 sales, $135,663,535 sales volume, $370,000 median sales price.
- September 2021: 501 sales $196,804,200 sales volume, $325,000 median sales price.
- August 2022: 413 sales, $196,891,215 sales volume, $399,000 median sales price.
- August 2021: 481 sales $188,174,972 sales volume, $330,000 median sales price.
- Year-To-Date 2022: 3639 sales, $1,630,042,753 sales volume, $375,000 median sales price.
- Year-To-Date 2021: 4377 sales $1,660,259,363 sales volume, $310,000 median sales price.
“Home sales dropped sharply in September as the Fed continued it’s efforts to slow inflation,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, FL. “Unfortunately for some buyers struggling to find affordable homes, prices haven’t dropped at the same sharp pace. We’re still seeing low inventory levels and steady demand, so home values here have remained strong.”
The inventory levels of available homes listed for sale in the Daytona Beach decreased slightly in September with the MLS reporting that there were roughly 58 less homes on the market than the month prior. Overall, inventory levels remained 16 percent lower than the number of homes available in September last year. Though the gap is closing, the number of detached single-family homes listed on the MLS year-to-date is still down nearly percent from the same period in 2021.
- September 2022 Inventory: 1494 single family home listings were active at some point during the month.
- September 2021 Inventory: 1250 single family home listings were active at some point during the month.
- August 2022 Inventory: 1552 single family home listings were active at some point during the month.
- Year-To-Date 2022 Inventory: 5595 single family home listings were active at some point during the period.
- Year-To-Date 2021 Inventory: 5882 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 and prices were up slightly in New Smyrna Beach. Port Orange home sales decreased more notably in September. And Ormond Beach held the September ranking with the highest median sales price during September, at $440,000.
- Ormond Beach: 67 sales, $440,000 median sales price.
- Mainland Daytona (Including Holly Hill and South Daytona): 47 sales, $265,000 median sales price.
- Beachside (Ormond By The Sea to Ponce Inlet): 36 sales, $402,000 median sales price.
- Port Orange: 43 sales, $390,000 median sales price.
- New Smyrna Beach: 57 sales, $410,000 median sales price.