The New Smyrna Beach Board of REALTORS (NSBBOR) has published the January 2018 market detail report. The report describes member activity in the MLS for southeast Volusia county across all inventory.
Summary of Statistics:
Real estate continues to pick up. I am receiving calls from homeowners wanting to know what their homes are worth now. I am working with buyers interested in a second home on beachside and first-time homebuyers.
Overall, the inventory has improved, but prices have not leveled out. Prices still remain at premiums and buyers are still submitting offers. Recent news reports are stating interest rates could reach 5% by the end of the year. That information could be motivating those buyers who were on the fence about purchasing.