Sebastian Real Estate Market Report May 2015

In May 2015 the market for the Sebastian Real Estate was again very active with a jump in median of sale prices and further reduction in the inventory than the previous month and the same period in2014. This is an interactive real estate market report and gets updated in real time.

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Sebastian Real Estate Market Highlights – May 2015

In May 2015 we saw further increases in sale prices as the Sebastian real estate market activity continued strong at the tail end of a very successful winter season . The inventory (homes available for sale) was further reduced by 27% which is great news for the sellers and will fuel further increase in sale prices as we enter the slower summer season.

Sale prices jumped by 29% 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 May 2015 are summarized in the image below.

Market Statistics - Sebastian Market Report May 2015 DATA SOURCE: MLS data as of 6/2/2015. 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 – May 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 good 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 96% List to Sale ratio, a very good ratio which indicates that as more buyers are entering the market are driving up demand and sellers are adjusting to the current market conditions of lower inventory and increased demand.

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 started to decline with an average of 117 DOM in May 2015.

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

Want more information about the real estate market in your area?
Request a FREE Sebastian Real Estate Market Snapshot.

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Detailed Real Estate Market Reports for Sebastian real estate market are produced on a monthly basis. If you would like to receive up to date real-time market reports for your area, fill in the request form below.