The Jacksonville average sales price has jumped over 11% from last year. That is a big jump, so why did it happen? There are a few reasons for that as far as we can see.
1. There are more expensive homes selling again and this will push up the average sales price.
2. There is an inventory shortage, and the economic law of supply and demand dictates that prices will rise.
3. Foreclosures and short sales are selling at market value, as banks are no longer willing to discount homes when they know the inventory is so low.
Give us a call at 904-673-2308 to buy a great home before the Jacksonville average sales price goes up again.
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