Destin Florida Real Estate Market Report-December 2024
Is 2025 the year for you to purchase a home around Destin Florida? Or perhaps the time has come to put your Emerald Coast condo on the market and start life's next chapter. Either way, local (and timely) real estate market knowledge is key. Let's see how real estate is performing going into the final month of 2024.
For the purposes of this report, we will focus on an area stretching from Fort Walton Beach all the way east to Inlet Beach. Market conditions can vary greatly within this region and property type. For a specific forecast on a particular area, feel free to reach out!
Single Family Homes For Sale In Greater Destin Florida
As of early December 2024, there were 1,699 homes active on the market. Within this total there are new construction, existing, fixers, and remodeled examples.
Over the same time period, 183 homes successfully closed escrow. Over the past year days on market have crept up (131) and as a result inventory has increased. We are currently in what experts would labeled a "balanced" market.
Condos For Sale In Destin Florida
Closing in on the halfway point of December, Greater Destin has 1,401 condos for sale. Even with higher interest rates for investors, 81 condos have sold locally. Own a condo in Destin Florida that needs selling? Pay attention to proper pricing from the start. Don't get lost in the crowd. With the inventory rising, the local condo market is starting to favor the buyer side of the transaction.
Need to sell a home in Destin Florida? Take a peek at my CONCRETE Listing Plan
In a transitioning real estate market, local knowledge is key. Call Doug Rogers (318) 613-1994 with RE/MAX Coastal Properties TODAY. Want to see how your home compares to the local competition? Go to Destin Florida Homes For Sale to review properties listing on the local MLS.
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