Home Sales Continue Hot Streak Through February

Daytona Beach, FL - It seems that low inventory levels can’t slow down Daytona Beach’s home market as sales continue to outpace previous figures from 2020. Wyse Home Team Realty’s recent analysis of the Daytona Beach Multiple Listing Service (MLS) found that 407 homes sold in February with a median sales price of $275,000. Not only is that an 11 percent increase over sales in February 2020, its also a 10 percent increase in the median sales price. Analysts also found that sales volume was up by 35 percent in year-over-year comparisons. On the inverse, MLS reports indicate that the median home sales price fell slightly in monthly comparisons, but total home sales still rose by 10.5 percent during that time. This came even as the list of available homes continued to shrink. MLS data shows that there were 2,301 homes available in February 2020, while only 1,206 were available in February 2021—a decrease of about 47 percent. Inventory from February 2021 was also down by 6.5 percent when compared to January 2021’s inventory. Still, even as inventory levels shrink, homeowners who purchased a house last year are breathing a sigh of relief as prices have increased since. "If you bought last year and felt that you were pacing the market, you ended up getting a great bargain," said Ron Wysocarski, Broker and CEO of Wyse Home Team Realty. "It’s no wonder the prices have gone up, the demand is so high right now." According to Wyse Home Team Realty, Ormond Beach saw the most local sales with 107 homes sold with a median sales price of $329,000. Port Orange followed behind with 77 sales and a median sales price of $300,533. New Smyrna Beach might have had only 66 sales, but it had the highest median sales price with $400,000.