The most recent real estate numbers for NSB indicate our current inventory of single-family-homes for sale is down to 6.3 months compared to 8.4 months a year prior. This means that with no new listings, all the currently listed homes will hypothetically be sold within that time frame. Experts consider a balanced market inventory is 6-10 months, with 5-months and under being a strong market. The average time for a home to sell is currently 3-months after being listed, compared to 4-months a year ago. The median NSB selling price is only slightly higher than a year ago, and the number of closed home sales is up 13% year over year. Winter is the slower selling season in NSB with market activity increasing again in March. Last March, closed sales increased 42% over the prior year. However, there are exceptions to this trend and last December, home sales were up 84% from the prior year!
Tony DeCamillis, Realtor - New Smyrna Beach, FL
(855) 492-3456 - www.nsbrep.com
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