{Real Estate} Market MondayJackson County January 2025 Market Stats (vs. Jan 2024)
New Listings: 173 (down 1.1%)
Pending Sales: 84 (down 19.2%)
Closed Sales: 79 (up 43.6%)
Days on Market Until Sale: 65 (up 22.6%)
Median Sales Price: $435,000 (up 5.7%)
Percent of List Price Received: 97.6% (down 0.7%)
Inventory of Homes for Sale: 459 (up 43.4%)
Pending Sales: 84 (down 19.2%)
Closed Sales: 79 (up 43.6%)
Days on Market Until Sale: 65 (up 22.6%)
Median Sales Price: $435,000 (up 5.7%)
Percent of List Price Received: 97.6% (down 0.7%)
Inventory of Homes for Sale: 459 (up 43.4%)
So what does this mean?
Mainly, we are in a much more balanced market than in years past. Inventory of homes plus days on market tells you there's a lot more to choose from right now, and home Sellers can expect to sit on the market for a bit longer and can also expect to have to negotiate a bit (on average 2.4% off your list price).
Mainly, we are in a much more balanced market than in years past. Inventory of homes plus days on market tells you there's a lot more to choose from right now, and home Sellers can expect to sit on the market for a bit longer and can also expect to have to negotiate a bit (on average 2.4% off your list price).
For Buyers, you have more homes to choose from and more "power" in negotiation!
BUT- there are absolutely Buyers buying homes and Sellers selling homes! In fact, we had a much busier January than 2024, to the tune of 43.6% more closings!
Have questions about what this means for you? Or need help getting prepared to sell your home this spring? Send me a message for a FREE, CONFIDENTIAL consultation!