Jacksonville Fl Real Estate Market Report November 2015
A little Star Wars humor for Thanksgiving, since it won’t be long until the new movie will be out. Woohoo! I’m a proud member of the May 25 1977 club! Ok, I can’t confirm I actually saw it on that day, since I was pretty young, but I did see it when it came out and was hooked for life!
Back to a galaxy near you to talk about the real estate market in Jacksonville Florida for the month of November. 4% increase in the median sales price in Jacksonville, over last year. Inventory levels are better this year as well, which is showing we are in a seller’s market, as last year our real estate market in Jacksonville was more of a balanced one. See under the chart for info on what each stat means. Each neighborhood is different, so if you’re thinking of selling and want to know more click: What’s my Jacksonville Florida Home Worth? 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 140,500 and the other half were less than 140,500.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.48 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.
