Good News for Sellers!
Home sales in Jacksonville are still rising according to the Northeast Association of Realtors.
If you are considering selling your home, it's a good time to do so. Interest rates are still at an all time low and buyers are out there looking. With inventory being low as well, your home if priced right can sell quickly!
~ median sales price of $158,000 is 13.4 percent greater than last February and up from January’s $145,500 median
~ pending sales remain strong with a 26.2 percent increase from a year ago to finish with 2,341 homes under contract
~ there were 1,584 closed sales; up from January’s 1,396 sales but down five percent from February 2014
~ homes changed hands at a 90 days-on-market average
~ inventory is less than desirable for balanced market.
~ only 4.6 months of supply on hand
~ inventory of 9,542 is 11.5 percent less than a year ago
~ 12.1 percent of homes were sold for more than their original listing price
~ days on market averaged 90 days for both February 2014 and February 2015
~ lender mediated properties accounted for 37.6 percent of closed sales
~ only 24.6 percent of new listings for the month were lender mediated and just 20.7 percent of the total inventory are lender mediated