5 Reasons to List Now
If you're planning to wait to list your home this year, Phyllis Staines, Broker Associate with RE/MAX Coastal Real Estate says that may be a mistake. Here are Phyllis' five reasons why now is the best time to list:
1. More New Homes Are Coming
Housing permits are expected to rise 10% in 2020. By listing now your home has a better chance of standing out amongst the influx of new homes eventually coming to market.
2. Prices Are Up
The Northeast Florida Association of Realtors (NEFAR) reports the average sales price for the First Coast is up 12.1% over the same period in 2019. By listing now you’ll take advantage of the buyers actively looking in, and moving to our area as Jacksonville remains one of the top destination cities in the country, especially for those exiting high taxed states.
3. There’s Less Competition
The supply of re-sale homes in Jacksonville is down 21.6% over 2019 levels. Currently with only 2.9 months of inventory, there are not enough homes for sale to satisfy the number of buyers in the market. The lower the level of inventory, the better it is for sellers. However, this number is expected to rise during the latter part of 2020.
4. Election Year Disruption
History shows that market disruption is inevitable due to the upcoming election. No matter which side of the political aisle you’re on, market activity tends to slow during an election year. To avoid this disruption get your home on the market now rather than later.
5. It’s a Great Time to Move Up
If you own a home in an affordable price range, we have buyers waiting for you to make a move. We need the move-up seller to get off the fence to start the process. Home sales start a chain reaction - you sell your home and buy another, the buyer of your home sells theirs, and so on.