Monthly Market Detail – February 2016
Single Family Homes
According to the February monthly market statistic report for New Smyrna Beach, real estate is moving in a positive direction. Closed single family home sales, median sales price and pending inventory are all up compared to this time last year. Inventory and months supply of inventory are down compared to this time last year. This market is moving positively for sellers who have properties ready to be listed for sale. Prices are rising due to a low supply of homes. For buyers, the home search may take longer. but with low interest rates and motivated sellers, this is a great time to purchase.