by Jamie Conley
on Friday, July 23rd, 2021 at 10:36am.
Yesterday in the news, according to NAR (National Assoc of Realtors); June median home prices nationwide are up by 23.4% compared with the previous year. But the first rule in real estate is LOCATION, LOCATION, LOCATION. Trends in real estate markets are hyper-local. So, to get a snapshot of what’s happening here along 30A we’ve pulled together some year-to-date trends to share.
In South Walton, specifically, homes located south of Highway 98 and along the 30A corridor are where we focused our info today. The local median home price here increased this year by 42.5%. The current median home price in the area is $1,255,000. The trend for the number of homes sold so far this year is up along with the gap between the seller’s asking price compared to the sale price. The one interesting trend that we’ll continue to watch closely is the number of homes coming onto the market. We've been in a tight market with very low inventory for some time. The current numbers reflect an increase of nearly 11% more homes available for purchase this year as compare to last. That may be an early indicator for a shift in the market – but it’s too soon to tell.
If you have questions about our market or would like to get a custom evaluation to find out what you're property is currently worth - reach out - we would love the opportunity to help!
For a more in-depth look at the data that follows, click here.