Right now the real estate market in Jacksonville Florida is favoring sellers. Interest rates are crazy low and home inventory levels have shrunk mainly die to the Covid 19 crisis. However, buyers are out in full force looking for homes to purchase. In many cases sellers are seeing multiple offers and going under contract in days. The Covid crisis made some home sellers remove their homes from the market and delayed others from listing. The fact is, in Northeast Florida housing inventory is at a low of 3.5 months. 6 months of inventory is considered a balanced market. We know the market is hot for home sellers right now so I would encourage anyone thinking of putting thier home up for sale to do it now. We don't know what the market will be like a year, 6 months, a month or even tomorrow.
Mike & Cindy Jones, Realtors
Berkshire Hathaway HomeServices Florida Network Realty