Daytona Beach Area Home Sales Fall In November

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Daytona Beach, FL - The number of home sales in the Daytona Beach area market are down for the month of  November. So says Broker and CEO of Wyse Home Team Realty in Port Orange, Ron Wysocarski. He also said it's typical for home sales to slow during the holiday season. 

From October to November 2019, the number of home sales decreased from 422 to 354, which is about 16 percent. Wysocarski said the median sales price is nearly flat in annual comparisons, and it's down 5.5 percent in monthly comparisons, according to MLS reports. Year to date, the median sales price is 5 percent higher than it was during the first 11 months of 2018.

“Although Daytona Beach area home sales and prices didn’t climb this year the way they have in recent years, our local real estate market continues to be stable and that’s happy news for this holiday season,” said Wysocarski.

As for the year-to-date information, eight more homes were sold in 2019 than 2018.  The median sales price increased from $229,990 in 2018 to $242,500 in 2019.

2019 shows a 1.5 percent increase in the inventory of single-family homes listed on the MLS  over the first 11 months of 2018. Month-to-month in 2019 , the number of single family homes available fell by two percent from October to November.

Sales and median prices in Ormond Beach  are particularly strong with 82 homes sold at a median price of $276,250 during November.  New Smyrna Beach again had the highest median sales price of $310,000 for the 55 homes sold.  Beachside From Ormond-By-The-Sea to Ponce Inlet saw a median sales price of $271,200 and 32 sales.  Port Orange is next on the list with 74 home sales at an average price of $259,200. Mainland Daytona, including Holly Hill and South Daytona, saw 53 sales with an average median price of $169,900.

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