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Sewalls Point Single Family Market Report June 2018
Sewalls Point Single Family Market Report June 2018 SEWALLS POINT Real Estate Snapshot, Residential Sales for June 2018  
There are currently 46 active listings (Down by 5 homes from last month)

10 home sales are pending and awaiting close or lender approval (Down by 2 homes from May)

67 Homes sold in June (Decreased by 1 homes sales from May)

The single-family real estate market in Sewalls Point retreated for the second month in a row.  The inventory of active listings was down as was pending and closed sales.
The absorption rate rose to 7.7 months, in May was 7.3 months.  Remaining in a buyer’s market for Sewalls Point.  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 June 2017, the inventory was 57 homes on the market, 14 pending sales and there were 16 closed sales.  Considerably better activity last year in Sewalls Point.

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