Jacksonville Fl Real Estate Market Report January 2018
Wowsers! I see that the number of homes sold in January dropped by 394 homes from December! Not sure what happened to cause that drop, but it will be interesting to see how the numbers are for February. Could be from the holidays, but soon we will be going into our busy selling season, so now is a good time to start thinking about getting your home ready to sell. I know the buyers are anxious to see new inventory hit the 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 189,900 and the other half were less than 189,900.
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.
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