Jacksonville Fl Real Estate Market Report October 2017
You saw last month in October, the effects of Hurricane Irma, which we saw less sold homes that month, versus in August. This month we saw the number of homes sold in Jacksonville bump back up again. Woot! Woot! That’s a good sign. People are still trying to replace their roofs, and many roofers are backed up for a bit. That could slow the inventory down some, as many are waiting to sell, once their roof is installed.
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 179,450 and the other half were less than 179,450.
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: