As prices keep climbing, Jacksonville area distress sales drop to record lows!

March

12

0 comments

As the market continues to heat up, Jacksonville, FL area new listing prices and sales prices rise again in 2019:

sales prices chart

As expected, a hot market leads to less short sales and foreclosures as homeowners are able to sell their homes for profit. 

As 2019 begins, short sales are currently less than 1% of the market, and REO sales (sales of foreclosed homes) less than 5%:

chart of ss and reo

It's been a sellers market here in Jacksonville, FL for quite some time, and 2019 seems to be off to the same start!

Last Updated on March 12, 2019 by Minna Reid

RELATED POSTS:

December 4, 2024

A Florida FHA short sale success with US Bank!

November 20, 2024

Can bankruptcy stop my foreclosure?

November 5, 2024

How do the Realtor fees work in a short sale?

Leave a Reply

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}