Daytona Beach, FL - While the median sales price rose, sales still fell across the Daytona Beach area through June.
The latest data from the Daytona Beach Multiple Listing Service shows that 475 single-family homes sold in the area with a median sales price of $256,900.
That's a 12% drop when compared to the total sales in May of this year. It's also a 4% decline compared to the same month last year.
Fortunately, the team at Wyse Home Team Realty in Port Orange noticed that the median sales price for homes sold throughout Daytona in June were higher in both monthly and annual comparisons.
In total, median prices were up by 16% compared to the same month last year.
“Year to date, home sales in the area continue to fall short of last year’s totals. And recent reports indicate the average tenure for homeowners has reached a record high of 8.3 years.,” said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty. “Basically, a lot of homeowners are staying put in their homes right now, and the result is little to no growth in home sales across Volusia County.”
Inventory shortages did put a damper on home sales nationally in June, but the number of homes in the Daytona area held fairly steady. Year-to-date, the inventory of single-family homes listed on the MLS is up by 4.7% over the first half of the year.
Wyse Home Team Realty also noticed that despite a drop in sales, Ormond Beach continued to show the strongest sales in June when compared to other cities in Volusia County.
Ormond also saw a substantial increase of 19% in median sales price when compared to May.
