JACKSONVILLE REAL ESTATE MARKET UPDATE – OCTOBER 2017

Despite a sluggish September, thanks to Hurricane Irma, the real estate market was on the upswing again in October. There was a spike in new listings after the dip in September. It is still a seller’s market with only 3.3 months of inventory available and 10.7% of homes sold above list price.

Click to read NEFAR’s October 2017 stats for yourself

Ponte Vedra/Nocatee: With only 2.6 months of inventory available, 101% of properties are selling at full asking price. The median sales price also rose 5.7% to $411,358.

West Jacksonville: With only 2.5 months of inventory, a high 22.6% of properties are selling above list price and the average days on market dropped to 59 – a 16.9% decrease.

Source: Northeast Florida Association of Realtors

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