July 2023 Market Stats for Jacksonville FL
Do you talk about what is going on in the local real estate market? Tell the truth, everyone does.
Hi, Kevin Grant here from Staged to Sell Realty with my monthly update on what is happening with the NW St. Johns County Real Estate Market. Maybe I can give you some talking points for your conversations with friends and family. Here is what is going on for the the area in NW St. Johns including CR 210, Julington Creek Plantation and areas in between.
The median price of a single-family home was $540,000. That is slightly higher than June of this year and July last year. I think we are seeing the bottom of the correction and will start to see some growth in median prices.
In July 2023 we see that there were 652 homes for sale, up 45% from last year but still very low compared to before the pandemic.
Some other good news is that there were 354 new listings last month, that is down a bit from June but still 18% more than last year. Still time to take advantage of the hot summer real estate market.
Closed sales were 255, higher than a year ago
We are still in a seller’s market. Low inventory, strong demand. A trend that is going to continue. Our DOM or Days on Market is 35 and supply of homes is 2.6 months. As you suspected, the days on market are up 36% from last year. But, remember the days when 60 was a norm, we are not close to that yet.
Plus, homes with pools and great lots seem to be getting higher sales prices. And if your home has unique features or looks amazing, you can get top dollar, fast.
When you or your friends and family are ready to buy or sell, Staged to Sell Realty is here for you. We include the only proven marketing strategy with all of our listings, merchandising through home staging. Call us today for a free market analysis whether you are buying or selling.