Jacksonville Fl Real Estate Market Report June 2020
First, I have to say a few months ago our MLS decided to put condos under our residential category. I did not agree, nor like that change, but alas, they don’t care about me. 🤣 So, because of this it does skew the stats. I’ve been procrastinating on how to handle it, and decided to just accept defeat and get it done.
This month will reflect this change. the past few months or so have reflected having condos in the numbers. Starting this month, they do not. The only thing I’ll compare from last month is that in May and April, we saw less homes sell in Jacksonville. Covid’s fault. This month we see only a difference of 4 houses. Less inventory. We are in a strong seller’s market, and I don’t think seller’s are taking advantage of this due to being afraid of having strangers in their home, who could or could not have the virus. It’s going to be interesting to see how this plays out for the rest of the year. Stay tuned……
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:
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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 219,700 and the other half were less than 219,700.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.35 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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Homes for sale in Northeast Florida:
