According to MLS data, in December 2022, there were 107 closed sales of single-family homes in Sumter County (144 in December 2021). The median sale price was $359,990, compared to $342,500 in December 2021. The average sale price was $402,450, compared to $382,867 in December 2021. The December 2022 inventory was 393 and the months supply of inventory was 3.5, while the December 2021 inventory was 156 with only a one month supply of inventory. Inventory is building.
Now that 2022 has come to a close we can compare it to 2021 and 2020. In 2020, there was a total of 1,332 single family residential sales closed in Sumter County. In 2021, that number jumped to 1,909. In 2022, the number of Single-Family residential closed sales was 1,357, returning to a number closer to 2020. This seems to show that the market is descending from a peak. See below for a comparison of median and average sale prices for the last six years.
Median Sale Price of a Single-Family Residence in Sumter County FL:
- 2022 – $379,995
- 2021 – $318,000
- 2020 – $280,000
- 2019 – $252,000
- 2018 – $250,000
- 2017 – $231,150
Average Sale Price of a Single-Family Residence in Sumter County FL:
- 2022 – $433,073
- 2021 – $363,137
- 2020 – $318,884
- 2019 – $293,111
- 2018 – $286,909
- 2017 – $259,420
Overall, this shows that prices are up and volume is down. Is the market changing or has it changed. How is this affecting your property. Call our office to schedule an appointment to discuss.
The City of Wildwood has the following upcoming events:
- Father Daughter Dance – Saturday, February 11, 2023 – 6 to 9 PM – Warfield Auditorium – see flyer at https://www.wildwood-fl.gov/parksrec/page/father-daughter-dance
- Astronomy Night – Saturday, February 25, 2023 – 2 to 10 PM – Wildwood Community Center – see flyer at https://www.wildwood-fl.gov/parksrec/page/astronomy-night
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We appreciate your business. We value your real estate needs and are honored to serve you.
Sincerely,
Danny Smith, ALC, CCIM
(352) 461-1186
Billie Faye Smith, Broker
(352) 461-1154
