The local real estate market has shown positive growth year-over-year in several key areas. Here are the highlights from November 2025 compared to November 2024:
- Closed Sales: 67 homes sold, up by 9.8% from 61 last year.
- Paid in Cash: 26 cash sales, a significant increase of 23.8% from 21 last year.
- Average Sale Price: $486,745, reflecting a modest increase of 2.3%.
- Dollar Volume: $32.6 million, marking a solid increase of 12.4%.
- New Pending Sales: 63 new contracts, a slight decrease of 3.1% from last year.
- New Listings: 105 new properties listed, showing a decrease of 11.8% compared to last year.
- Pending Inventory: 90 homes under contract, up by 12.5%.
Other notable trends:
- The Median Sale Price dropped slightly by 7.6%, now at $379,000.
- Median Time to Contract is down to 67 days, a 9.5% improvement.
- The Median Time to Sale decreased by 4.6%, now at 103 days.
Market Insights: Despite fewer new listings, the increase in closed sales and cash transactions signals a healthy demand in the market. If you’re thinking about buying or selling, now may be a great time to explore opportunities in the New Smyrna Beach area!
Call, text, or email me today! Susan Logan (386) 428-5550 or Susan@SamsulaRealEstate.com.
Full report courtesy of the New Smyrna Beach Board of Realtors is below.