03/03/2025
Volusia County Real Estate Update from Askew Real Estate: Buy, Sell, or Wait?
Hey Volusia County neighbors! It’s your team at Askew Real Estate here, diving into what’s happening in our local market as of March 2025. Whether you’re eyeing that perfect beachside bungalow or thinking about listing your home, we’ve got the latest scoop—and we’re here to help you make the right move!
Right now, our market’s shifting gears. Inventory is way up—back in June 2024, we hit 3,291 active listings (a 44% jump from the year before), and that trend’s sticking around into early 2025. More homes on the market means more choices for buyers, and properties are lingering a bit longer—around 60-70 days compared to 53 days last year. For buyers, that’s awesome news: you’ve got room to negotiate and find the right fit.
Prices? They’re stabilizing. The median sale price dropped to $348K in December 2024 (down 1.8% from 2023), and we’re seeing houses hover around $357K lately, with condos and townhomes dipping to $295K in January (down 4.8%). Sellers, you can still get a solid return—especially in high-demand areas like New Smyrna Beach—but pricing smartly is key in this growing inventory.
So, is it time to buy or sell? If you’re buying, now’s a sweet spot to snag a deal with more options and less frenzy. If you’re selling, we at Askew Real Estate can help you stand out and get top dollar, even in a shifting market. One thing to watch? Rising insurance costs are making some buyers think twice, but with interest rates possibly softening later this year, we could see a fresh wave of activity.
At Askew Real Estate, we’re all about guiding you through these trends with local know-how and a personal touch. Thinking of making a move? Drop us a message or comment below—let’s chat about your plans! What’s your take on the market right now?