Whether you're thinking about buying, selling, or investing in real estate, understanding market trends is key to making smart decisions. Key metrics like inventory levels, days on market, and pricing trends can give you insight into whether it’s the right time to make your move. Let’s break down what’s happening in the market and what it means for you.
A Balanced Market: What It Means for Buyers & Sellers
The Months Supply of Inventory is currently 4.74 months. This measures how long it would take for all available homes to sell at the current pace. A lower number means a competitive seller’s market, while a higher number suggests a buyer’s market.
Right now, at 4.74 months, the market is balanced, giving both buyers and sellers a fair playing field. Buyers have more choices and a bit more negotiating power, while sellers can still expect reasonable demand for their properties. This balance allows for a stable and predictable real estate environment, making it a good time to enter the market on either side.
More Homes on the Market: Good News for Buyers
The 12-Month Change in Months of Inventory has increased by 16.46%, meaning more homes are available than a year ago. For buyers, this is a great opportunity—more options on the market mean less urgency and a better chance of finding the perfect home without feeling rushed.
For sellers, this increase in inventory means pricing and presentation are key. More available homes mean more competition, so staging your home properly, highlighting unique features, and setting a competitive price will help you stand out and attract buyers quickly.
How Fast Are Homes Selling?
Homes are spending a median of 63 days on the market. A shorter timeframe typically indicates a hot market where homes move quickly, while a longer period can mean slower demand. Right now, the market is steady—
For buyers: This timeframe allows for more thoughtful decision-making. You have time to explore multiple properties, compare options, and negotiate the best deal without feeling pressured to make a snap decision.
For sellers: A 63-day median means homes are still selling at a reasonable pace. However, it’s essential to market your property effectively, ensuring it gets maximum exposure and attracts serious buyers quickly.
Are Homes Selling for Their Asking Price?
The Sold to List Price Percentage is 97.9%, meaning that homes are selling very close to their asking price. This is great news for sellers—if you price your home correctly, you can expect to get offers that are nearly at full asking price.
For buyers, this means there is still some room for negotiation, but lowball offers might not be successful. If you find a home you love, making a fair and competitive offer will improve your chances of securing the property.
What’s the Average Home Price?
The Median Sold Price is $491,157. This figure provides a benchmark for what buyers can expect to pay in the current market.
For buyers: Knowing this number can help you set realistic expectations for your home search. If this price point is above your budget, working with a knowledgeable real estate agent can help you identify areas with more affordable options.
For sellers: The median price serves as a guideline when pricing your home competitively. If your home offers premium features or is in a highly desirable location, you may be able to list above this number, but it’s essential to stay within reasonable market value.
What Does This Mean for You?
✅ If You’re Buying: More inventory means more choices! However, with homes still selling near asking price, be prepared to act quickly on properties you love. Getting pre-approved and working with an experienced agent will help you move forward confidently.
✅ If You’re Selling: While more homes are on the market, properties are still selling at strong prices. Proper pricing, staging, and marketing will be crucial in attracting serious buyers and closing the deal efficiently.
✅ If You’re Investing: A balanced market means opportunities on both sides—whether you’re looking to flip, rent, or build long-term equity, there are solid options to explore. The increase in inventory might present better buying opportunities, especially in areas with high rental demand.
The real estate market is always changing, and understanding these trends can help you make the best decisions. Thinking about buying, selling, or investing? Let’s connect and strategize your next move!
ether you are looking to buy or sell, First Coast Realty would welcome the opportunity to earn your business. Feel free to reach out to us on Facebook or Twitter and we would be happy to assist you in getting the ball rolling. Or, to talk to a qualified, experienced agent call/text today 904-494-8408 or email info@firstcoastrealtyinc.com