Jacksonville Fl Real Estate Market Report November 2016

The median sales price in Jacksonville Florida went up 16.9%! That’s a nice jump. Does that mean that mean the value of your house went up by that much? It depends on your house and neighborhood. If you would like to know, check out the link in  next paragraph asking about the home value in Jacksonville. If you’re a buyer, does this mean you’ve missed out? No, I will never be one that shouts: now is the time to buy, because that would be a poor assumption on my part, assuming I know what your situation is. Only you can determine if it’s a good time for you to buy. Notice inventory levels are down, while the number of homes sold in Jacksonville are up.

You might be wondering if that applies to your home, but 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 166,000 and the other half were less than 166,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.74 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?

Jacksonville Fl Real Estate Market Report January 2016

My first market report of the year is this one and Jacksonville seems to be starting the year off pretty good. Median sales price up 9.8% and the months inventory level is showing us in a slight seller’s market. The original list price to sales price gap is closing, which means homes are selling a little closer to what they are listed for.  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 139,500 and the other half were less than 139,500.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.69 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?

Jacksonville Fl Real Estate Market Report December 2015

Jacksonville ended the year with a monthly inventory of 3.68, which shows the market as being in a seller’s market. A 5% increase in the median sales price for this December vs December of 2014 is a nice way to say goodbye to 2015.  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 157,500 and the other half were less than 157,500.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.68 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?

Want to Search for Homes in Jacksonville Florida?

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.

What’s my Jacksonville Florida Home Worth?

Want to Search for Homes in Jacksonville Florida?