Source: Northeast Florida Association of Realtors®. All rights reserved.
Updated: April 15th, 2018
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Market Stats Overview - Current as of April 15th, 2018
Days on market
This Spring season had a HOT start! Houses are selling much faster than last year; on average, 70 days until they were sold. As compared to 2017, where they sold in 83 days.
inventory of active listings
We remain in a SELLERS market (homes <$300k). Inventory is LOW at 3.3 months of supply. Current inventory of homes for sale is at 8,021 (as of April 2018).
Median Sales Price - Current as of April 15th, 2018
Median sales price
As compared to last year, March 2017, Median Sales Price increased +15.1%, from $194,700 to $224,118. Tough competition out there. Low inventory, lots of Buyers - causing home values to increase! If you are thinking if this is the time to sell in Jacksonville, FL - NOW IS THE TIME! But exercise caution when pricing your home, appraisers are not playing around and appraisals are coming in lower than anticipated.
Months Supply of Inventory - Current as of April 15th, 2018
Months Supply of Inventory
Explanation - Months Supply of Inventory: This means that if no further inventory is added to the market and houses continue to sell at the rate they were selling at, all of the inventory would be sold in 'X' months.
Remarks: Inventory remains low in Jacksonville, Florida (3.3 months of supply). Breaking down the numbers even further, <$199,999 (1.8 months of supply) & between $200k - $299,999 (2.9 months of supply). Greater than $300k, it's getting closer to a more balanced market at 4.9 months of supply.
A balanced market is considered to be 5.5 months of supply. We're currently in a SELLERS market for homes valued <$500,000.
Source: Northeast Florida Association of Realtors®. All rights reserved.