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2020 Daytona Beach Real Estate Market Update

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Wed, Dec 02, 2020 at 2:39PM

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In real estate markets are commonly referred to as a buyer's or seller's market. This year has seen a combination of record low inventory and incredible buyer demand thus resulting in a seller's market. Some supporting indicators being: high frequency of multiple buyer offers, lower than average days on market, and decreased number of active listings on the market. In comparing 2020 to 2019 YTD (as of 12/1) in the Daytona Beach MLS, there have been 7,404 residential properties sold in 2020 vs 6,855 reflecting an 8.0% increase, there were 9,470 new listings in 2020 vs 10,211 last year resulting in a 7.3% decrease in new listings. The median sales price of residential real estate increased by 8.6% to $249,000.

 

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All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Daytona Beach Area Association of REALTORS (updated 12/5/21 9:01 AM) | Stellar MLS (updated 12/5/21 9:47 AM) |
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