Jax Market Update

Jax Market Update

A new year brings about many new beginnings and questions about what the housing market holds in store for motivated real estate buyers and sellers.  

Jacksonville continues to experience strong market activity and will likely enjoy and three to five percent spike in 2019.  With so many active builders, the market will take on more new products and buyers will be free to explore many options in the new year.  

Summer of 2018 boasted a hopping market with median home sale prices of $235,000 and listings selling within an average of sixty days on the market.

Jacksonville, along with the rest of the nation, however, is slowing down.  If 2019 proves to be the end of an economic cycle, Jax will likely maintain a strong presence among competing metropolitan cities with inventory and list prices holding steady.  Jacksonville maintains its title as one of the most transient cities in the nation with a steady influx of new residents.   In addition, the Federal Reserve has indicated two-quarters of a percentage point increases in 2019.  Growth should not be negatively affected as long as rates continue to closely mirror existing percentages.  

Related: “4 Factors for a Quick Sale” 

Related: “8 Tips to Sell Like a Boss”  

For more information, contact The Aitken Home Team today!

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Phil Aitken, Owner/Broker
Phil Aitken is the Owner/Broker with Your Home Sold Guaranteed Realty - Phil Aitken Home Team and has over 13 years of Real Estate experience. Phil’s faith and desire for his family’s continued security fuel his business growth and leadership. The Phil Aitken Home Team continues to profoundly impact the people of Jacksonville via supporting several faith-based organizations. Phil gives back a portion of every real estate transaction to The Tim Tebow Foundation and Rethreaded. Find Phil's full story here.