- November 23, 2024
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by: Heather Scofield
Marketing Director, Wyse Home Team Realty
Inventory levels fell hard as home sales remained sky high across the Daytona Beach area in November.
For the month ending on Nov. 30, the Daytona Beach Area Multiple Listing Service reported that 438 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $270,128. That’s more than 20% higher than home sales in November 2019.
With the inventory of available homes for sale falling another 9% from October’s desperately low numbers, the median price for homes bought and sold in November also was up, MLS reports show. The median sales price remained level with the median sales price in October, and it was up 11% over November last year.
Year to date, home sales are up by over 4.5%, compared to the first 11 months of 2019. And the median sales price for the same period was up by more than 7.5% over last year.
“Inventory levels fell harder than usual this year as we headed into the holiday season,” said Daytona Beach Area Realtor Ron Wysocarski, Broker and CEO of Wyse Home Team Realty in Port Orange, “The fact so many homebuyers found a deal to close when there were so few homes to choose from is a testament to the intensity of buyer demand right now.”
The area’s low inventory levels fell by another 9% from October to November, according to MLS reports. And the number of homes available was 36% lower than the number of homes available in November 2019. Year to date, there have been 10% fewer homes to hit the market than were listed during the first 11 months of 2019.
Wyse Home Team Realty also analyzed data for key areas where homebuyers shop. The reports show median sales prices were unusually high in Ormond Beach and New Smyrna Beach during November.
