The October Year-to-Date Market Summary from our Multiple Listing Service shows what most of us in Jacksonville, Florida and the First Coast area are easily able to see: our listing inventory is down! There are only 8,365 homes for sale. To put this in perspective, at the height of the real estate crash in 2006, we had over 22,000 homes for sale. By 2010, that number had dwindled to around 16,000.
Here is the report:
What is especially interesting is the increase in home sales in the $250,000 to $500,000 price range and in the sale of luxury homes over $1 million.
In summary, if you are considering selling, now may be a good time to put your home on the market. If you are thinking about buying, I would consider looking seriously now while interest rates are still at historic lows and before prices jump up.
For the complete report, personalized statistics in your area, or a list of great homes for sale, please call me at (904) 386-9816 or send me an email using the contact form on this site. I will have the information right out to you!