This edition of the Jacksonville NC Real Estate Market Report includes the latest monthly numbers through October 2011.
Jacksonville NC Re-sale home sales continue to decline. Re-sale numbers are down 31% this year from the same time period (Jan - Oct) as last year. New Construction sales have been steadily increasing, and my expectation is that trend will continue. Sellers need to be aware of this information so they have a full understanding of the homes they are in competition with, and can price their homes accordingly. Sellers must realize in the Jacksonville market, your home is not just competing with the other homes for sale within your neighborhood...but also the homes 5 to 10 miles away within the same price range including new construction.
Home sales are still occurring and based on current sales rates, we should finish the year selling somewhere between 2300 and 2400 homes.All reported numbers are for single family homes only. The report does not reflect the numbers for town homes, duplexes, manufactured homes nor land sales. All information is taken from the Jacksonville Board of REALTORS MLS in areas 1 - 7.
The report provides information for both new construction sales and current inventory numbers and also for re-sale home sales and inventory.
The first slide shows Jacksonville NC New Construction sales in our area each month since 2009.
In addition to monitoring new construction sales numbers, it is also important to watch the number of homes for sale. (current inventory)
This slide represents the number of Jacksonville NC re-sale home sales.
And the current inventory numbers for re-sale homes.
This final slide shows the relationship of new construction to re-sale home sales since 2009
Continue to check back for the monthly update of the Jacksonville NC Real Estate Market Report. If you have any questions, or would like additional information, please call (or text) (910) 539-5397, or send an email to info@BrandonRealEstateAdvisoryGroup.com and we will get you the information you're looking for.