The New Smyrna Beach Board of Realtors released their February 2025 monthly market detail report which showed the number of closed sales up 20.3%, from 59 in February of 2024 to 71 in February of 2025. The influx of new listings, going from 132 to 165, a 25% increase, resulted in longer time on the market with the median time to contract up to 75 days from 41 days. Even with the longer time on the market, the average sale price remained relatively flat, showing just a 2% decrease from $524,940 to $514,461.
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The full report is available at https://www.canva.com/design/DAGjB70DXUY/K0pyxcsJnTl4goFrGOviFA/view?utm_content=DAGjB70DXUY&utm_campaign=designshare&utm_medium=link&utm_source=viewer