November 10th, 2011 — 10:10am - Daytona Beach Area Market Update

Prices continue to remain steady as sales continue to climb and new listings decrease.

 

Through October of 2011 the year to date statistics of residential properties have increased by an average of over 1% and median sale price declined by 1% over the same period. New listings are down over 17% year to date and sales are up by 4.4%.

The statistics continue to show increased demand and a decline in inventory leading to price stabilization. It certainly appears as though we continue to slide across the bottom of the market.


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