July 2008 Daytona Beach Real Estate Sales Highest in 22 months

Finally some really good news for the Daytona Beach homes and condo market. 299 homes were sold in July, making July the highest sales month since September 2006. We are showing good strength at this new level where home sales are showing and upward trend. Here are the numbers for the year:

• July - 299
• June - 259
• May - 286
• April - 277
• March - 219
• February - 222
• January - 164

Median Sales Price Jumps 5.7%

There’s still more good news. Median home price rose from $175,000 in June to $185,000 in July. While this number can fluctuate, it’s a measure often cited by the national media to show prices are falling, so we believe it’s important that when it rises - we tell you.

Market Outlook

The outlook for the Daytona Beach Real Estate - in a word - BRIGHTER! With the economic and housing news, to buck the trend is promising. We don’t know where we go from here, but four months of good performance seems to indicate that we are over the worst period.

The window is still open for savvy buyers looking to buy a the bottom, but it appears that it may have closed a bit over the last few months.

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