Daytona Realty Market Held Strong Through 2019

Market performed better than experts expected

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Daytona Beach, FL - The economists at Realtor.com told Forbes magazine early in the year that sales across Volusia could fall as much as 1.3%.

However, median home prices were expected to rise over 6%, placing it among the top five areas in the nation expecting to see price gains in 2019.

According to the Multiple Listing Service (MLS), almost 9,000 properties sold in 2019, with a median sales price of $214,900. That's down by less than .5% over sales in 2018. That also represents a healthy 7.4% increase in the median sales price, year-over-year.

"I attribute the area's strong real estate market conditions in 2019 to mortgage interest rates staying lower than expected alongside growth in the local job market," said Ron Wysocarski, broker and CEO at Wyse Home Team Realty in Port Orange. "Good economic growth conditions go a long way toward helping the area's residents make the leap from renter to homeowner."

Meanwhile, sales of detached single-family homes rose by 1.3% over 2018 sales totals. And the median sales price of those houses was up 5.9% over last year.

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