Housing Market: Preparing for 2020
Key Market Indicators – November Recap
Jackson County Housing Update - Resale Only
To secure your home of choice, it’s highly recommended to begin the process early by connecting with a trusted broker for a market consultation. Being Market Ready, Day One™ is essential to get a home in today’s real estate market. Beginning the financing conversation early is also key – it can help buyers understand what they can afford and create a higher level of seller certainty. The latter can provide a leg up above other buyers in the market, leading a seller to accept your offer.
Frenzy Market Returns
SCALE: MONTHS SUPPLY
SHARE HOUSING UPDATE
December marks a low point for new listings, and a shortage of inventory this year in the more affordable and mid-price ranges means the pressure is on, despite the winter chill. Unsold inventory is 24 percent lower than it was last year, and new listings are also down. Sales activity intensity is higher than it was this time last year, and more homes are going under contract as well.
Sales activity intensity for homes priced up to $350,000 in Jackson County is expected to reach frenzy this spring; this range comprises 64 percent of sales activity. We anticipate that homes priced $350,000 to $500,000 (24 percent of sales activity), will reach strong sales activity intensity in the spring.
Average % of
New Listings (Pending)
in the First 30 Days
Unbelievable Interest Rates
Source: Mortgage News Daily
BE MARKET READY, DAY ONE™!