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Sewalls Point Single Family Market Report October 2017

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Sewalls Point Single Family Market Report October 2017

Sewalls Point Real Estate Snapshot, Residential Sales for October 2017

 

There are currently 41 active listings (Down by 2 homes from last month)

Sewalls Point Single Family Market Report October 2017

15 home sales are pending and awaiting close or lender approval (Increased by 11 homes from September)

Sewalls Point Single Family Market Report October 2017

1 Homes sold in June (Decreased by 3 homes sales from September)

Sewalls Point Single Family Market Report October 2017

The single family real estate market in Sewalls Point continues to have less inventory of available homes.  Pending sales rose sharply for last month while closed sales were off.  Most likely a result of Hurricane Irma from the previous month that closed the real estate business for a few weeks.

The absorption rate shot up to 41 months, in September was 10.8 months.  An extreme buyer’s market for Sewalls Point single family homes.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to October 2016, the inventory was 79 homes on the market, 10 pending sales and there were 6 closed sales.  Considerably better sales activity last year, also with much greater inventory of homes for sale..

Sewalls Point Single Family Market Report October 2017

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report October 2017

 

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

Nov 21, 2017 04:56 AM
Roy Kelley
Retired - Gaithersburg, MD

Families moving to the area will appreciate your local real estate market reports.

Nov 21, 2017 12:04 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thank you for stopping by and taking the time to read my post.

Dec 06, 2017 06:34 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for reading, here’s a link for more information about Sewalls Point FL real estate.

Dec 06, 2017 06:34 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my website at: http://www.gabesanders.com/market-stats

Dec 06, 2017 06:34 AM