Jacksonville Fl Real Estate Market Report August 2022
Stats are changing for another month. Inventory went up again, days on the market increased by about 5 days, prices still up from last year, but are slightly down from July 2022. We are still in a seller’s market, and at the rate we are going, we will still be in a seller’s market for 2022.
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 300,000 and the other half were less than 300,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.79 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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