In this episode of This Is Jax, Nate Riggs discusses the current state of the real estate market in Jacksonville, Florida. He covers various topics including market trends, seller strategies, home equity, and the ongoing housing recession. Riggs emphasizes the importance of understanding market dynamics and encourages potential buyers and sellers to consider their personal circumstances when making real estate decisions. He also highlights Jacksonville's unique position in the market, noting the increase in cash offers and the balance between buyers and sellers.
Takeaways
It's been a while since the last episode.
Someday Homes is a boutique brokerage in Jacksonville Beach.
The market peaked earlier this year in May.
Inventory levels are stabilizing but still below normal.
Sellers are recognizing longer days on market and adjusting strategies.
There's a trend of sellers getting ahead of the spring market.
Home equity is still strong for many homeowners.
The housing recession is affecting sales nationwide.
Jacksonville is seeing a balanced market with cash offers.
Buyers are being choosy and expect perfection in homes.
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Are you considering selling or buying real estate in Florida? Consult with Nate today - Jax Beach, FL's best realtor. Nate is a Broker Associate at Someday Homes Realty.
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