The busy summer real estate season has started in Jacksonville. April added 3,810 new listings to the market.  The new listings could not boost supply though as the market still experiences an inventory shortage with only 3.4 months of inventory.  Homes are selling for between 9-10% higher than last year with a median sales price of $218,500 and an average price of $269,251.  Properties are selling in a quick 63 days with 13.1% of properties selling above list price.

Check out a recap of April 2018’s market statistics to see how your neighborhood fared:

Click to read NEFAR’s April  2018 market statistics

Follow me on Facebook for #marketstatmonday at www.facebook.com/lauragarciajax.  Each week I highlight a different neighborhood in Jacksonville and how its individual market is faring. 

Source: Northeast Florida Association of Realtors