Deltona-Daytona Beach-Ormond Beach, FL

The current market conditions suggest a need for price discipline, as a pending ratio of 0.30 indicates that properties are not moving at an accelerated pace. The significant contraction in active listings would typically exert upward pressure, but the elevated inventory relative to demand absorption allows for more measured consideration. This environment generally favors buyers who are not under pressure to compete aggressively.

Average listing prices have declined by 2.8% year-over-year, slightly more than the 2.7% decline observed in median listing prices. The median price per square foot has also decreased by 1.9% over the past year. This widening spread between average and median price declines, coupled with weakening price per square foot metrics, suggests some softness in the higher-priced tiers of the market.

5,503 active listings represent the current floor, with new supply arriving at roughly 1,452 per month.

of active listings carry a price reduction, -3.3% from prior period.

Median price per square foot has moved -1.9% year-over-year.

Pending-to-active ratio — Cooling.