Jacksonville Fl Real Estate Market Report July 2021
O.M.G!!!!!!!! The inventory levels went up from June!!!! Here check it yourself: June real estate market update for Jacksonville Florida
Are you back yet? There was 129 more homes on the market in Jacksonville in July, compared to June. Plus, that made the months inventory level to go from 1.13 months, up to 1.41, which in the grand scheme of things is still a super strong seller’s market, but still. We have been seeing the inventory levels continue to decrease for many months. Also to note, the past few months we have seen the sales price to original list price go above 100, but July, we saw it come back down. That means there were homes that sold for a tiny bit under list price. Less homes sold in July, versus June. You can thank me for that. I bought a house last month, so of course that will change the market. Kinda like when I wash my car and then it rains when I barely leave the car wash. 🤣🤣🤣 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 261,000 and the other half were less than 261,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 1.41 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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