In February 2026, the real estate market in New Smyrna Beach saw notable growth compared to the previous year. The number of closed sales increased by nearly 10%, reaching 78 compared to 71 in February 2025, reflecting a positive shift in market activity. This growth is particularly evident in cash transactions, which more than doubled, rising by over 105% from 18 to 37. The median sale price also saw an uptick of 2.6%, increasing from $371,000 to $380,500, while the average sale price experienced a significant surge of 34.8%, from $514,461 to $693,713.
Dollar volume was up by almost 50%, showing a rise from $36.5 million in February 2025 to $54.1 million in February 2026. Despite this, the percentage of the original list price received dropped slightly by 1.6%, indicating some negotiation in pricing. The median time to contract increased by 20%, now at 90 days, while the median time to sale also grew by 9.1%, reaching 120 days.
New pending sales decreased by 15.7%, from 102 to 86, and new listings fell by 24.2%, down from 165 to 125. Inventory levels showed a slight drop in active listings, from 546 to 464, and the months of supply dropped by 15.2%, from 6.6 months to 5.6 months. Despite these decreases, the real estate market in New Smyrna Beach appears to be maintaining solid momentum, with prices rising and demand still strong, though there is a slight slowdown in new listings and pending sales.
If you have been looking to buy or sell, please feel free to reach out to me anytime. (386) 428-5550 or via email at Susan@SamsulaRealEstate.com.
The full report courtesy of the New Smyrna Beach Board of Realtors is below: