Jacksonville Fl Real Estate Market Report December 2015
Jacksonville ended the year with a monthly inventory of 3.68, which shows the market as being in a seller’s market. A 5% increase in the median sales price for this December vs December of 2014 is a nice way to say goodbye to 2015. See under the chart for info on what each stat means. 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 157,500 and the other half were less than 157,500.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.68 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.