March 2019 Market Data

[Jack Bobeck]

#NEFAR March Real Estate Recap: Northeast Florida

Full Market Stats reports -

~ Uptick in sales: 2,459 sales largest since Oct. 2018, but a 6.6% drop from last March.
~ $229,900 median price highest since July 2018 and a 2.2% increase from a year ago.
~ $267,500 average sales price; highest since July 2018; up .1% from last March.
~ Sales brisk, 71 days on market average.
~ Inventory scarce and multiple offers taking place in many cases. Result: 15.4% of March sales were for more than original listing price.
~ Only 3.6 months’ supply of homes in inventor (balanced market is five- to six-months.

2019 NEFAR President Jeanne Denton-Scheck said, “The pace of home sales in Northeast Florida is rapid, and a great situation for sellers, while buyers are having to be prepared to move quickly when they enter the market.” #Jacksonville