We’re in a crazy seller’s market right now here in Jacksonville. Inventory is super low—when I started in this business 16 years ago, the Jacksonville market had between 8,000 and 10,000 homes for sale, but now we’re down to roughly 1,500.
If you’re a seller, this means you need to know who to hire to help you juggle multiple offers. You should also be aware of our Coming Soon program, which attracts buyers and lines them up to see your home before it even hits the market. It increases demand and the odds of generating multiple offers, which in turn boosts your chances of getting the maximum sale price for your home.
“Inventory is low, so there’s a crazy amount of competition for homes right now.”
If you’re a buyer, be prepared to offer full price or more to get the home you want. As I said, inventory is low, so there’s a crazy amount of competition for homes right now. Due to an increase in appraisal issues, a lot of buyers are waiving their appraisals or agreeing to pay the difference between the offer price and appraisal value. Similar to sellers, you need a strong agent on your side who can negotiate on your behalf. They should be able to ensure you make a strong offer, be able to communicate with the listing agent, and be able to communicate with you to let you know what’s happening in the market.
If you have any questions about our Jacksonville market or need help buying or selling a home, don’t hesitate to reach out to me. I’d love to hear from you.
