Davenport Florida Real Estate Market Report 2024

Hello Friends, Today, I'm excited to bring you the real estate market update for April 2024. When it comes to either buying or selling a home in davenport fl it is very important for you to understand what has been happening in the market. The real estate industry is very similar to other industries. It all comes down to supply and demand and understanding the real estate market will help you make wise decisions based on real data.

Is now the best time for you to buy a home in davenport fl? Is now a good time to sell a house in Davenport FL. Well keep watching to see the latest real estate market updates.


If this is the first time that you are turning onto this channel my name Edwin Gonzalez Ortiz, a REALTOR® here in Davenport, Florida. Today, I'm excited to bring you a market update for April 2024.

Let's dive into the numbers.

Currently, we have a 4.81 Months Supply of Inventory in Davenport. This means that if no new homes were listed, it would take approximately 4.81 months to sell all existing inventory. Over the last 12 months, we've seen a significant increase of 135.78% in Months Supply of Inventory, indicating a shifting market.

Another important metric to consider is the List to Sold Price percentage, which currently stands at 98.1%. This shows that sellers in Davenport are getting close to their asking price, making it a competitive market for buyers.

The median days on market in Davenport is 33, meaning that homes are selling relatively quickly. This is great news for sellers looking to move their property efficiently.

Lastly, the median Sold Price in Davenport is $376,995. This gives buyers and sellers a clear indication of the current market value in the area.



As we move forward in 2024, it's essential for buyers and sellers to stay informed about market trends in Davenport. If you're looking to buy or sell a home in this area, now is the time to take action.

Thank you for tuning in to this market update. If you have any questions or are interested in learning more about the real estate market in Davenport, feel free to reach out to me at 561-379-2826 I'm here to help you with whatever you need.

Edwin Gonzalez Ortiz, Realtor®
561.379.2826
Keller Williams Smart 1

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