April’s Sales Outpace Previous Months Despite Inventory Deficit

Daytona Beach, FL - Realtors around Daytona Beach are seeing another month of a pattern they’ve seen since last year; sales go up, but not enough homes come on the market to make up for already low inventory levels.  Recent analysis of the Daytona Beach Multiple Listing Service (MLS)—by Wyse Home Team Realty—found this April’s inventory to have 508 units available for sale, a new area low. That’s only down 7 percent from March’s inventory of 549 units, but it’s nearly 50 percent less than the 1,006 units that were available the same month a year prior. Despite the drop in inventory, the area still saw 245 sales with a median sales price of $275,250, which is nearly 180 percent higher than sales seen in April 2020; the same month an emergency stay-at-home order was issued as pandemic lockdowns began. And while inventory may be low, with these sales, local realtors could still have a couple of months worth of available inventory. "500 available (units), 245 in sales, there’s still two months of inventory on there," said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty. "They’re selling as fast as they’re coming on." Year-to-date, sales are up 78 percent and the median sales price rose nearly 30 percent over the firstfour months of 2020. Highlights from April include the sale of two New Smyrna Beach condos, worth $2 million and $1.355 million, and the $1.25 million sale of a condo in Daytona Beach.