Feb 2019 Market Data

[Jack Bobeck]

NEFAR just released the latest Market Data for the previous 30 days in Jacksonville. Here is the link for more details, but here is the synapsis:

#NEFAR FEBRUARY MARKET REPORT
See full reports on NEFAR.com.

~ 1,956 home sales
~ median sales price: $221,000
~ average sales price: $254,765
~ 12.5% of sales go for more than original list price
~ 3,351 new listings added to the market
~ total supply of homes for sale still 3.5 months (five- to six-months is considered a balanced market)
~ average days on market: 77

NEFAR President Jeanne Denton-Scheck said, “Northeast Florida’s low inventory, coupled with vigorous buyer demand, remains the long-running trend in Northeast Florida, keeping sellers squarely in the driver’s seat.”

If you are new to #Jacksonville or thinking about investing in the NE Florida area, please get familiar with this data, as it will help you to see where Jacksonville is in relation to buying and selling of properties. Do this first before you jump into a property and maybe make a bad investment. 

Jack