It's HOT in Jupiter, Florida! Forget what you hear about inventory. Disregard what others say about high prices. Who says it's a Seller's market? You don't have to pay more than full asking price! Look at this graph and I'll show you what's happening here.
Sales (multiply by 10) = the number of homes sold each month which shows a low of 120 and hit its high last month of 200+ homes. This trend is not expected to continue.
Dollars (multiply by $10,000) = while this line shows the median price heading down 6.5% from $400,000 we have an upside to our average prices of 17.1% peaking at over $750,000. Median SP/LP is now 93.9%
Days (multiply by 10) = the median number of days it took our Sellers to obtain a sales contract since the day they listed the property is 66. It's stable but crawling upward! Note that the listing to closing time improved by 4 days and stands at 105 now.
Inventory (multiply by 100) = the number of active listings which remain at the end of each month. We're in a balanced market with 7+ months of supply after a brisk Seller's advantage of a 3.7 MSI.
Please know that your home and neighborhood have characteristics which may not fit the values shown here. Contact your real estate agent for specific information about where your home stands in today's market valuation. If you do not have an associate in your corner you are invited to contact me instead!