Sebastian Real Estate Market Report June 2015

June 2015 was a good month for the Sebastian Real Estate market with increased activity further reduction in the inventory. Homes were selling faster than the previous months and the same period in 2014.

This Sebastian real estate market report is updated on a regular basis and detailed insight into the Sebastian real estate market. Subscribe to the Sebastian Home Values Real-Time Market Snapshot for more details and what’s going on right now in your neighborhood.

Sebastian Real Estate Market Highlights – June 2015

Sale prices increased further in June 2015 as the real estate market activity continued strong despite the reduction in the inventory as we entered the traditionally slower summer season . The inventory (homes available for sale) was further reduced by 31% which is great news for the sellers as it may fuel further increase in sale prices.
Sale prices jumped by 12% compared to the same period last year and the average selling price was very close to the asking price indicating demand for homes in Sebastian was very strong. The Sebastian market statistics for June 2015 are summarized in the image below.

Market Statistics - Sebastian Market Report June 2015 DATA SOURCE: MLS data as of 7/2/2015. Data believed to be accurate but not guaranteed.

The following sections provide a comprehensive analysis of the Sebastian Real Estate Market. All charts are interactive and updated dynamically. Click on each chart picture below to see the latest market analysis chart.

Sebastian Real Estate Market Analysis – June 2015


Price Trend Analysis (Average List Price)
The chart below shows the history of sale prices the last 12 months. The median of sale prices keeps increasing while inventory is shrinking which is great news for current and potential sellers.

DATA SOURCE: MLS data. Data believed to be accurate but not guaranteed.

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Price Trend Analysis (% Price Reduction)
The List (asking price) to Sale Price ratio is very helpful in understanding demand and market strength. As the sale prices get closer to the list prices we get an indication that the market gets stronger.
The Sebastian Real estate Market is strengthening as single family homes and condos in Sebastian are selling with approximately 95% List to Sale ratio, a very good ratio which indicates that are eager to place offers close to the asking price and sellers are adjusting to the current market conditions.

DATA SOURCE: MLS data. Data believed to be accurate but not guaranteed.

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Days On the Market (DOM)
The Days On the Market (DOM) as illustrated in the chart below, is another indicator that shows the market’s strength and is often used to determine demand. The chart below shows that demand for Sebastian Real Estate is increasing as the DOM has is declining with an average of 101 DOM in June 2015.

DATA SOURCE: MLS data. Data believed to be accurate but not guaranteed.

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Request a FREE Sebastian Real Estate Market Snapshot.

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