Jacksonville Fl Real Estate Market Report July 2020

Jacksonville Fl Real Estate Market Report July 2020

The real estate market has changed quickly this year, which isn’t really a surprise. It is 2020 after all. 😲 Check out the Month’s Inventory below. 1.8!!!! I went back to 2002-2005 and did not find any months where it was under 2. What that stat means, is let’s say no more new homes come on the market. At the rate of 1,406 homes selling, it would take 1.8 months for all 2,526 homes to sell. That’s a crazy hot seller’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 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 1.80 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: