Jacksonville Fl Real Estate Market Report February 2018
This edition of my Jacksonville market watch, I’m going to talk a little about the stats from the 2005 and 2006 real estate market in Jax. I’ve had this feeling that we were having less inventory levels now than we did back in the boom of 2005-2006. I was wrong. We had a little more this February, versus February 2005. We saw 2,780 (Feb 2005) available homes in Jacksonville, but in 2006 we had 3,965 available homes! That was when I was wide eyed wondering how it was going to look moving forward. Our rental inventory levels is also very low right now too. Rentals $1200 and below are gone so quickly now. It’s getting difficult to find affordable rentals and housing in today’s 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 195,000 and the other half were less than 195,000.
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.
What’s my Jacksonville Florida Home Worth?
Homes for sale in Northeast Florida:
