Q. I can’t decide if I should sell now or wait until 2018. How’s our local market doing?
A. As we enter the 2nd half of 2017, the Jacksonville housing market shows no signs of slowing down. Compared to the same period in 2016, the Northeast Florida Association of Realtors (NEFAR) reports new listings decreased 2.5% to 3,393 and inventory levels dropped 20.8% to 8,364. We have 3.5 months supply of homes with days on market hitting an all time low of 67 days. Prices continued to improve with the average sales price increasing 8.8% to $258,376. Overall, the market for mid year 2017 is looking pretty good if you’re a seller. If you’re a buyer you may find the availability of good, affordable homes are hard to find. I don’t think I’ve ever seen a better seller’s market in Jacksonville. Good luck in your decision.