In May 2024, the real estate market saw a significant decrease in transactions, dropping by 25% compared to May 2023. Despite the increase in listings by 56%, fewer transactions were completed, indicating potential buyer hesitation or market saturation. Interestingly, while the list price remained stable at $505,000, the sales price increased by 10% to $438,000, suggesting strong buyer competition for desirable properties. The average days on market rose slightly to 99 days, reflecting a more balanced yet competitive market. These trends highlight a complex market landscape where increased listings and higher sales prices coexist with reduced transaction volumes.
Volusia County Housing Market Update
April 2024
May 2023
May 2024
Percentage Difference
Number of Listings
3,209
2,135
3,337
56% Increase
Number of Transactions
630
700
526
25% Decrease
List Price
$505,000
$530,000
$505,000
4.5% Decrease
Sales Price
$427,000
$398,000
$438,000
10% Increase
Days on Market
114 Days
90 Days
99 Days
10% Increase
*housing market data based on Daytona Beach MLS
Thanks for reading,
Chris
