Wow! What a difference a few months make! The short and sweet version of what's going on in the Jacksonvile Market is this: Our inventory is DOWN to a 6 and a half month supply. A "normal" or stable market is considered to be a 5-6 month supply. We're almost back to normal! Break out the champagne! Have you been house hunting lately? Good luck! The inventory is VERY low. It's hard to find very many houses to look at. Guess what this (historically) means? Yep. Supply vs Demand = Higher home prices . Keep that in mind if you're still sitting on the fence. Need more proof? How about these factoids? New listings crept up a little in February, but not nearly enough to keep up with the number of sold properties.. I'm thinking that means that we're exactly where we were this time last year. Know what that means? Yep. The bottom is here or so close I can almost see it! More evidence? The median sales price was down a ...
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