Is the Jacksonville, FL Housing market at a tipping point in 2024?
Автор: Mike Rolewicz
Загружено: 2024-07-12
Просмотров: 370
What is happening in the Jacksonville and Northeast Florida housing market as we hit the halfway mark in 2024? Mike Rolewicz of the 904 Home Guide Team with Real Broker in Jacksonville Beach, FL breaks down the data in this informative video. Highlights include prices that continue to rise (up12% since January!), as does inventory and options for buyers who are not deterred by mortgage interest rates that continue to hover around 7%. As rates decline, we expect to see more buyers come back into the market which could drive active listings and month's supply of inventory back into sellers market territory.
Biggest takeaways for potential sellers is to get your home "Super show ready" and be sure to get the price right from the start, as the longer a home sits before going under contract, the lower the eventual selling price and more concessions that buyer's will be looking for to get a deal done.
Pending sales dropped by a large margin again this month which suggests a large group of buyers are still on the sidelines waiting for rates and/or prices to drop.
Seasonal patterns suggest prices may come down a bit through the fall, but will still be well above where they started the year.
As always, look forward to your comments and thoughts on where the market is and where it is headed! See you next month with another update,
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