Frenzy Market Returns
Average % of
New Listings (Pending)
in the First 30 Days
It’s Not the Lazy Days of Summer for Housing
June list 2019
Key Market Indicators – July Recap
Nearby schools are an important part of the equation when buying or selling a home, which is why John L. Scott Real Estate launched a school search function on our website and app last year. To use the feature, search the name of the school you’re interested in and select it from the drop-down menu. Once selected, you’ll see a map of the school boundaries and all the current active listings within this area. When looking at a school, that school’s district, county and GreatSchools rating will appear.
Summer is here, which is when the highest number of homes go under contract. However, it can feel like the market slows down during the summer, due to the greatest number of new listings coming on the market, which creates disbursed buyer energy. When comparing July 2019 to July 2018, unsold inventory, homes going under contract and sales activity intensity are all up, while new resale listings are at a similar level in Jackson County.
With interest rates in the upper threes, a strong economy and fantastic weather, being Buyer Ready, Day One is key to ensure success in the market, especially for homes up to $350,000.
Jackson County Housing Update - Resale Only
SCALE: MONTHS SUPPLY
Every summer, we see the highest level of new listings and homes going under contract. Looking toward the months ahead, homes up to $250,000 will be at surge sales activity intensity with a shortage of unsold inventory. From $250,000 to 350,000, the sales activity intensity will be strong, with a shortage of unsold inventory.
There will be healthy sales activity intensity from $350,000 to 750,000; unsold inventory will be low from $350,000 to 500,000 and healthy from $500,000 to 750,000. Homes priced above $750,000 will have selective buyer activity.
SHARE HOUSING UPDATE
JOHN L. SCOTT’S SCHOOL SEARCH
Source: Mortgage News Daily
Unbelievable Interest Rates