The Volusia County housing market has been changing so much with the rest of the country. Currently high interest rates, combined with owners locked into low interest rates has had a huge affect on the days on market. It illustrates key metrics including active listings, transactions, average sale price, average days on market, and average list price. From March to April 2024, active listings slightly increased by 0.92%, while transactions saw a decrease of 4.11%. This suggests a slight cooling in market activity. The average sale price dropped by 2.90%, reflecting potential adjustments in market valuation or buyer behavior. Conversely, the average days on market decreased slightly, indicating that, despite lower prices, properties were moving somewhat faster. The year-over-year comparison with April 2023 shows more pronounced changes, emphasizing fluctuations and trends in the housing market. This table is a vital tool for realtors and analysts, providing insights into the evolving dynamics of Volusia County’s real estate environment.
| Metric | March 2024 | April 2024 | % Change (Mar to Apr 2024) | April 2023 |
|---|---|---|---|---|
| Active Listings | 3143 | 3172 | +0.92% | 2008 |
| Transactions | 609 | 584 | -4.11% | 560 |
| Average Sale Price | $448,000 | $435,000 | -2.90% | $407,000 |
| Average Days on Market | 118 | 115 | -2.54% | 94 |
| Average List Price | $512,000 | $512,000 | 0.00% | $531,000 |
Thanks for reading,
Chris
