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#Jax Market Shift?

Q.  Is it my imagination or is the market starting to shift?


A.  No it's not your imagination, the market is shifting.  Specifically we're seeing this in the upper price ranges where homes are taking longer to sell. To give you an example, homes in Northeast Florida under $500k are still in a seller's market with less than 6 months of inventory. However our luxury homes, or those listed over one million have over 13 months of inventory which is a strong buyer's market. So not every area of town is doing well. It almost is a tale of two markets. If you would like the market data for your specific area please contact me.


Have a real estate question or need some sound advice?  Call or text Phyllis Staines at (904) 476-7653 or email pstaines@aol.com. Every question will receive a response and may be chosen to appear in Saturday's Times Union newspaper.


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Phyllis Staines, RE/MAX Coastal Real Estate License #BK660013

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