Destin Fl Real Estate Condo Market Update (October 2024)

Get the latest update on the Destin, Florida real estate condominium market for October 2024. Whether you're looking to buy, sell, or relocate to Destin, this video is a must-watch!

Hey there, Its Keith Bailey, REALTOR® with CENTURY 21 AllPoints Realty here in beautiful Destin, Florida. Today, I'm here to give you a condominium market update for October 2024, specifically for Sellers who own condos in Destin.

Let's dive right into the numbers. Currently, we have a 15 Month Supply of Inventory in Destin. That means it would take 15 months to sell all the current listings if no new listings were added. Over the last 12 months, we've seen a 75% increase in Months Supply of Inventory. Let me say that again. Over the last 12 months, we've seen a 75% increase in Months Supply of Inventory.

Moving on, the List to Sold Price percentage is at 96%. This means that, on average, Destin condos are selling for 96% of their list price.

The median days on market is 57, which is the amount of time it takes for a property to go from listing to being sold.

And finally, the median condo Sold Price in Destin is currently $560,000.

So, what does all this data mean for you as a Seller? Well, it's important to understand the current market conditions in order to make informed decisions about selling your condominium.

If you're thinking about selling your home or condo in Destin, now is a great time to reach out to me for a personalized market analysis. I'm here to help you navigate the selling process and achieve your real estate goals. Thanks for watching, and I'll see you in the next update.

Keith Bailey Realtor
850-830-6771
Century 21 AllPoints Realty