Jacksonville Fl Real Estate Market Report November 2017
Median home prices up from last year and about 600 houses less on the market now, than in November 2016. Buyers are feeling that for sure. More homes have sold this November than last year too. I think overall, our market didn’t feel the devastation from Irma as we could have seen. Not to discount the many folks who have seen their homes destroyed by flooding from the storm.
You might be wondering if these numbers apply to your home, but each neighborhood is different, so if you’re thinking of selling and want to know more click: What’s my Jacksonville Florida Home Worth?
If you’re a buyer and want to see what homes are available in Jacksonville, click the following link: Want to Search for Homes in Jacksonville Florida?
Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 185,000 and the other half were less than 185,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.30 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:
Buyers’ Market: More than 7 months of Inventory
Balanced Market: From 5-7 months of Inventory
Sellers’ Market: Less than 5 months of inventory
Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.
Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.
Homes for sale in Northeast Florida: