Jacksonville Fl Real Estate Market Report February 2021

Jacksonville Fl Real Estate Market Report February 2021

  I wanted to say inventory levels went up for February, but I still can’t say that. They dropped. Again. We are less than 600 homes sold in Jacksonville as active. Craziness! While frustrating market for buyers, let’s think of some positives. In markets like in Arizona, California or Texas, buyers are having to waive their contingencies on inspections and appraisals. I’ve read from other agents, buyers offering 20k over list price and get this….still not getting the winning bid. I don’t want it to come to that here.   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 231,047 and the other half were less than 231,047. Month’s Inventory: Based on the number of actives and homes that have sold it would take 1.51 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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