Daytona area home sales stay soaring in June

Ormond Beach Observer
Real Estate

by: Heather Scofield

Marketing Director, Wyse Home Team Realty

Median sales prices remained steady as Daytona Beach area home sales soared in June.

An analysis of Daytona Beach Multiple Listing Service data by Wyse Home Team Realty showed that 552 existing single-family homes (detached) were sold in the Daytona Beach area with median home sales price of $320,000. That’s a 3% increase in total home sales over June 2020 and 14% higher than home sales in May. Total sales volume was up by nearly 30% compared to June 2020 and it’s 10% higher than home sales volume in May.

According to MLS reports, the median home sales price in the Daytona Beach area during May is 23% higher than the median home sales price was during the same month last year.

June 2021: 552 sales, $212,481,575 sales volume, $320,000 median sales price.
June 2020: 534 sales $163,469,879 sales volume, $260,000 median sales price.
May 2021: 484 sales, $192,599,385 sales volume, $320,000 median sales price.
May 2020: 352 sales $96,981,210 sales volume, $241,445 median sales price.
Year-To-Date 2021: 2,869 sales, $1,063,576,673 sales volume, $300,000 median sales price.
Year-To-Date 2020: 2,417 sales $719,143,806 sales volume, $250,000 median sales price.

“We saw a slight increase in the number of listings on the market during June, which gave area home buyers a few more options to consider,” said Daytona Beach Area Realtor Ron Wysocarski, broker and CEO of Wyse Home Team Realty in Port Orange. “But overall, demand for homes remains high and inventory is still extremely limited so sellers continue the have the upper hand at the negotiation table.”

The inventory levels of available homes listed for sale in the Daytona Beach creeped up slightly in June with the MLS reporting that there were roughly 50 more homes on the market than were available in May. There were 40% fewer homes available this year than were available in June last year. Year to date, the number of detached single family homes listed on the MLS is down 22.5 percent.

June 2021 Inventory: 1,202 single family home listings were active at some point during the month.
June 2020 Inventory: 2,009 single family home listings were active at some point during the month.
May 2021 Inventory: 1,151 single family home listings were active at some point during the month.
Year-To-Date 2021 Inventory: 4,155 single family home listings were active at some point during the period.
Year-To-Date 2020 Inventory: 5,090 single family home listings were active at some point during the period.

Wyse Home Team Realty also analyzed data for key areas where home buyers shop. The reports show sales were down slightly in Ormond Beach, but the median sales price rose to more than $400,000. Meanwhile, Port Orange home sales jumped notably in June. And New Smyrna Beach was home to the highest the median sales price at $430,000.

Ormond Beach: 125 sales, $401,906 median sales price.
Mainland Daytona (Including Holly Hill and South Daytona): 81 sales, $230,000 median sales price.
Beachside (Ormond By The Sea to Ponce Inlet): 69 sales, $342,500 median sales price.
Port Orange: 112 sales, $339,450 median sales price.
New Smyrna Beach: 69 sales, $430,000 median sales price.