Daytona home sales held strong in August

Ormond Beach Observer
Real Estate

by: Wyse Home TeamRealty

Median sales prices increased slightly as Daytona Beach area home sales also increased in August. An analysis of Daytona Beach Multiple Listing Service data by Wyse Home Team Realty showed that 410 existing single-family homes were sold in the Daytona Beach area with median home sales price of $397,750.

That’s a 15% decrease in total home sales from August 2021 and it’s 5% higher than home sales just one month prior. Total sales volume was up by 4% compared to August 2021 and was nearly 11% higher than home sales volume in July.

According to MLS reports, the median home sales price in the Daytona Beach area increased to $397,750 during August. It’s 20% higher than the median home sales price was during the same month last year.

The inventory levels of available homes listed for sale in the Daytona Beach area increased in August with the MLS reporting that there were roughly 95 more homes on the market than were available in July. There were 16% more homes available this year than were available in August last year. Though the gap is closing, the number of detached single-family homes listed on the MLS year-to-date is still down 5% from the same period in 2021.

Wyse Home Team Realty also analyzed data for key areas where home buyers’ shop. The reports show sales and prices were down slightly in Ormond Beach, which saw 90 sales and a $452,000 median sales price in August.