Jacksonville Fl Real Estate Market Report August 2020

Jacksonville Fl Real Estate Market Report August 2020

Wowsers! Another month with under 2 months of inventory in Jacksonville. 2020 keeps proving it is going to go down in the history books. We definitely need more homes on the market. I know some home owners are nervous having their house on the market and I totally understand. I just wrote a blog post about Selling Your Home in a Covid world. I share many ways to keep you and your family safe. 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 225,000 and the other half were less than 225,000. Month’s Inventory: Based on the number of actives and homes that have sold it would take 1.92 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. What’s my Jacksonville Florida Home Worth?

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