In July 2015 the Sebastian Real Estate market was very active with more sales and even further reduction in the inventory. The median off sale prices also increased and buyers are eager to make offers.
The Sebastian real estate market reports are updated on a regular basis and in real time. 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 – July 2015
Median of sale prices increased by 5.5% in July 2015. The inventory (homes available for sale) was reduced by 21% which is great news for the sellers as it may fuel further increase in sale prices. However, the lack of inventory may start affecting sales especially during the slow summer months.Pending sales also increased indicating that the momentum continues and selling prices very close to the asking prices indicating demand for homes in Sebastian is still strong. The Sebastian market statistics for July 2015 are summarized in the image below.
DATA SOURCE: MLS data as of 8/2/2015. 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 – July 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 is increasing and the inventory is declining which is good news for the Sebastian home sellers.
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.
Price Trend Analysis (% Price Reduction)
The List (asking price) to Sale Price ratio is very helpful to understand market strength and buyer’s demand. As the sale prices get closer to the list prices we get an indication that the market gets stronger.
The Sebastian Real estate Market continues strong as single family homes and condos in Sebastian are selling within 95% of the asking price, which indicates that buyers are eager to place offers and sellers are not willing to compromise on the sale price.
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.
Days On the Market (DOM)
The Days On the Market (DOM) as illustrated in the chart below, is another indicator that indicates 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 steady with an average of 127 DOM in July 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.
For sellers I provide detailed price analysis report specific to each neighborhood or zip code and a complimentary no-obligation price analysis consultation. Use the request form below and indicate that you wish to receive the detailed report and the no-obligation price analysis consultation.
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.