Jacksonville Beach Real Estate Market Update
Things are looking up.
Everyone in real estate is feeling the uptick in the market the last couple of weeks, and it’s feeling good. Interest rates have begun to decrease over the last two weeks, and this has stirred buyers to become more active.
Pending home sales have consistently grown over the last 3 months (January, February, and March 2023). It appears that trend will hold steady for April as well. Of these home buyers, Baby Boomers make up the largest share of the group.
Active inventory on the market has increased while days on the market are starting to drop. There are more homes to choose from and they’re selling more quickly. We are still in a seller’s market, but the absorption rate is going up. For more details on what that means, see our blog post here.
The median list price for homes is rising as sellers are more accurately pricing their homes. The gap between sale price and list price is narrowing. As a result, home affordability is decreasing. You may also be interested to check out our blog on home affordability. Real Estate Market Update
Reach out to the Fluid Realty team today if you’re a buyer ready to get into the quickening market or a seller ready to sell while the advantage is still in your court. We are here for you wherever you might be on your real estate journey.
The Fluid Realty Team is Jacksonville’s top real estate group and local boutique brokerage. We provide a full-service experience with the best realtors in the area. Our expertise includes luxury beach real estate within the four Beaches of Jacksonville, FL: Atlantic Beach, Neptune Beach, Jacksonville Beach, and Ponte Vedra Beach.
