Housing Market Statistics

Seems to be stabilizing.

The market seems to be stabilizing according to the statistics taken from the Flagler County Association of Realtors on November 29, 2010 as shown in the tables below:

Flagler Beach Homes Sold November 28, 2009-2010:
SALES PERIOD	HOUSES SOLD	AVERAGE SELLING PRICE
November 28, 2009-10	63	$232,737
November 28, 2008-09	49	$278,648
Difference	14	$45,911
Percentage of Change	29% increase in sales	16% decrease in sale prices

If the current demand continues for single family homes in Flagler Beach and the prices continue to remain in the average price range of those sold, with a current inventory (as of November 29, 2010) of 115 houses for sale, there will be enough houses in inventory to provide a 1-year, 10-month supply of homes available for sale.

Palm Coast Homes sold November 28, 2009-2010:
SALES PERIOD	HOUSES SOLD	AVERAGE SELLING PRICE
November 28, 2009-10	1273	$149,562
November 28, 2008-09	1276	$158,431
Difference	6	$8,869
Percentage of Change	½% increase in sales	6% decrease in sale prices

If the current demand continues for single family homes in Palm Coast and the prices continue to remain in the average price range of those sold, with a current inventory (as of November 29, 2010) of 985 houses for sale, there will be enough houses in inventory to provide less than a one-year supply of homes available for sale.

It seems the tide has turned.

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