Walton County Florida Real Estate Report for March 2021
May 1, 2021 by SoWal Staff
The most recent SoWal Real Estate Report covers all of Walton County including South Walton real estate activity for March 2021, with sales statistics for single family homes, townhomes, and condos in Walton County, Florida.
The South Walton real estate market statistics for March 2021 continue to show a red hot market with very low inventory and rising prices in South Walton and Scenic 30A.
Single family homes closed sales were up 52.2% in March 2021 compared to the same month last year. Pending sales for Walton County were up 256.8% in March 2021! The inventory of active listings was down 73.6%. Median sales price was up 42.9%. Dollar volume was up 133.2% over last year at $505.4 Million.
Months Supply of Inventory for Walton County single family home sales continues to fall, down 80.4% compared to the same month last year at 1.0 months for March 2021, signaling an extreme sellers' market. Many properties are selling without being listed. Properties that are listed are selling in days after hitting the market. Realtors have buyers but no property to show them. Prices are rising rapidly.
Condominium and townhome closed sales were up 120.3% in March 2021 compared to the same month last year! Pending sales are up 354.1% and inventory down 76.1%. Available townhomes and condos are getting bought up.
The latest residential real estate report for March 2021 in Walton County summarizes sales and listing statistics of single family homes. The Walton County Real Estate Report is produced by Florida REALTORS® and provided by the Emerald Coast Association of Realtors® (ECAR).
Click here to open the latest South Walton Real Estate Report in pdf format. The charts and graphs are informative and well done. Great work has been done compiling the real estate report. The Walton County Real Estate Report is a service by ECAR and is a wealth of information about closed sales, pending sales, cash sales, condo sales, townhome sales and more.
Months Supply of Inventory is an indicator of the state of the market, whether it is a buyers' market or a sellers' market. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 Months of Inventory. Higher numbers indicate a buyers' market, lower numbers a sellers' market.
Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.
The Real Estate Report includes real estate information about Walton County on the Emerald Coast, including all areas of South Walton and Scenic 30A, Inlet Beach, Rosemary Beach, Seacrest, Alys Beach, WaterSound Beach, Seagrove, Seaside, WaterColor, Grayton Beach, Blue Mountain Beach, Santa Rosa Beach, Sandestin, and Miramar Beach.
Real estate sales statistics are generated on approximately the third week of each month. These statistics include information recorded in the Emerald Coast Association of Realtors® (ECAR) MLS system by ECAR MLS participants and subscribers, and do not include information entered by other associations or “for sale by owner” properties.
Statistics are believed to be accurate as of the date they were generated as indicated at the bottom of each report. Reports created at other times or under other circumstances may produce different results.