Prices continue to drop in the Jacksonville market. The number of days on market also remains steady at around 129 days. There appears to be a trend of late in the % of the sales price vs the listing price...homes are averaging a 10% difference between the asking/listing price and the price the house actually sells for. If you have your house on the market for $399,000.00--you can expect to sell it for $39,900.00 less! Wow! This is-if you're lucky. This number continues to rise so I think it's possible that in some cases, you may have to take a 15% cut, or more, depending on your motivation to sell.
All of this info is strictly concerning the beaches market. And there are still exceptions--not many--but maybe a few.
This is still a buyers market! If you're considering buying a home, just give me a call and I'll go to work for you.