In Coastal Central Florida, spanning the vibrant markets of Volusia and Flagler County, we’ve witnessed remarkable price stability over the past year. The average sale price across all residential properties has consistently hovered around the $400,000 mark. This marks a significant increase from a decade ago when the average was approximately $150,000.
The enduring strength in prices can be attributed to sustained high demand, although it’s worth noting that supply struggles to keep pace with this robust demand. Many homeowners may find themselves reluctant to part with their current interest rates, and the emergence of new inventory often follows a gradual timeline. This delicate balance between supply and demand underscores the unique dynamics at play in this dynamic coastal real estate market. 🏖️🏡
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