A Few Quick Notes on Daytona Beach Real Estate

We just published our Weekly Daytona Beach Real Estate Report and a few quick notes came from our analysis this week:

1. Interest rates were up over last week. It was a small increase, but we may be seeing the bottom of the rates. If this is true, buyers will need to act very soon to take advantage of the lowest rate in decades.
2. Sales are ahead of last year at the same point. Yes, we’re only a few weeks into the new year, but we are about 24% ahead of January at this time last year. Now, January of last year was the worst month of the year, when only 164 properties were sold through the Daytona Beach MLS.
3. Home inventories have not increased much over the beginning of the year when we saw a drop of about 500 homes and condos from the inventory. The beginning of the year showed 5,656 properties on the market, and as of a few minutes ago, we were at 5,716. Let’s see if that holds.

Inquiries from buyers are up from web traffic, so I’m pretty busy, but I have a good support staff and we’re ready to help when you need it. Call us at 386-566-7503 when you’re ready.

Technorati Tags daytona beach mls, Daytona Beach Real Estate

Related posts:

1. January 2009 Daytona Beach Real Estate Sales Up 29%
2. Good Signs for Daytona Beach Real Estate?
3. Daytona Beach Real Estate Market Quick Update 6-9-08
4. Daytona Beach Real Estate Sellers Tips