Daytona Beach Real Estate Sales lower than May But Improving
We just published our Weekly Daytona Beach home sales report. Sales in June started sluggishly and we are still about 10% behind May. We’ve made up a lot of ground in the past week. Last Monday, we were 28.7% behind May. We should know the final numbers for the month by Thursday when we will publish our monthly report. You can read the May Daytona Beach Real Estate Report here.
As of this morning, 232 homes and condos were sold through yesterday. That’s already above January, February and March sales numbers. We won’t make the 285 sales in June, but we are still much better than the dismal 164 properties sold in January.
We will need to see what happens in July to see if we’ve just had a small blip, or, sales are turning down. My business is much better and I’m working with a good number of buyers. Agents in my office are also seeing new sales. I suspect current sales level will hold. I don’t see a large increase, but a regular monthly sales level of between 250 to 300 residential properties a month.
In other weekly news:
- Mortgage Rates dropped slightly to 6.23% for a 30 year conventional mortgage.
- Daytona Beach Residential Homes Inventory numbers dropped slightly to 6142, 12% below January and the lowest number of this year.
Contact me if you need additional information or real estate sales or information on homes and condos in Daytona Beach.
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