Jacksonville Monthly Market Update | December 2022
Jan 10, 2023Goodbye 2022, hello 2023! As the stats come in, we take a look at how a year to remember (or forget depending on your feelings) is in the books.
As you may know, we are gearing up to launch a premium membership for our community in the next month that will provide additional resources around the market as well as live coaching.
For the release, we will be doing early bird founder pricing to help give everyone who gets in from the beginning a great deal. The pricing will hold for the life of your membership so it will be a great deal for those who take advantage. Also, it will be the lowest price we will ever offer for the membership and will be going up from there.
If you'd like to be first in line for the release, please get on our waitlist here:
>> JOIN PREMIUM MEMBERSHIP WAITLIST <<
Here are some highlights from this month's update:
- Rates have come down from the peak back in October settling just under 6.5%
- The drop in rates should continue to create more demand especially as we enter the new year (when most people revisit buying)
- Inventory in the area has hovered around 7,000 houses and months of supply is around 3.6 so we are in a more balanced market tilted slightly towards sellers (especially if they have a high-quality home in a desirable location)
- Days on market hit a new high of 60 days and the pace of sale has been increasing going to the end of the year
- Average price was up 3% which has real estate up 9% on the year (better by 27% than the S&P 500)
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