Jacksonville Fl Real Estate Market Report May 2020
There were 556 less homes that sold in May 2020, compared to May 2019. We are still showing a seller’s market for Jacksonville. Prices haven’t been affected yet. As I write this, we are seeing the cases of Covid start to go up in Florida. Depending on the level of potential shutdowns, that could have a negative impact on our real estate 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 216,000 and the other half were less than 216,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.40 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:
