Jacksonville Fl Real Estate Market Report May 2018
We are seeing a slow increase in inventory levels, which means there are more houses on the market for sale in Jacksonville now, then in the past 6 months. Since it has been getting more difficult finding nice homes under 200k, buyers are getting frustrated. With interest rates rising, some buyers are taking a break from the housing market.
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:
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 202,500 and the other half were less than 202,500.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.58 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.
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Homes for sale in Northeast Florida:
