Condo Sales Stay High Through November

Daytona Beach, FL - A new report from local realtors says condo sales remained sky high throughout the month of November in Daytona Beach. According to analysis of the Daytona Beach Multiple Listing Service (MLS) carried out by Wyse Home Team Realty, 152 units were sold around the area with a median sales price around $260,000. That price is down from October, but it is also a 49 percent increase over sales from last year. Sales volume was also up 67 percent during November when compared to the same month from the previous year. MLS reports also show median condo sales prices up in monthly and annual comparisons. The median sales price in November was reported to be 13 percent higher than during the same month last year, and up 1.5 percent from October of 2020. This came as inventory of available units dropped to 742. That’s 20 fewer units than were available in October and it’s 25 percent lower than the number of units available in November 2019. "It was definitely a busier-than-usual November for the condo market," said Wyse Home Team Realty Broker & CEO, Ron Wysocarski. "And with inventory levels desperately low, the median sales price continued to climb." In year-to-date comparisons, sales and the median sales price are up for 2020 per MLS reports. All-in-all, the number of sales completed during the first 11 months of 2020 were 16 percent higher than the same period last year. The median sales price was up 12 percent in YTD comparisons. Highlights from November include the $1.575 million sale of a condo in Palm Coast and the sale of two Daytona Beach units that cost $675,000 and $640,000, respectively.