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Jensen Beach Real Estate Forecast
The Jensen Beach real estate forecast is a bright one, particularly at this time. However, there are forthcoming elements that will likely cause it to cool significantly, though certainly not cause any troubling impacts.
By: Real Estate Expo Inc.
serving the Treasure Coast Of Florida. From North Vero Beach thru Jensen Beach to the south.
The Jensen Beach real estate forecast is presently on pace to deliver a good year overall. Though there are signs it will slow. But, this would probably only be a temporary pause until buying and selling season picks up again next year. As a record number of people move into the state of Florida, local real estate markets around the peninsula have greatly benefited from people leaving the northeast, west coast, and even the midwest. This has been quite advantageous to property investors who rent their houses full-time, and for sellers with substantial equity.
Right now, the median listing price for a home in Jensen Beach stands at $519,000, with a median listing price per square foot of $370, and a median selling price over the asking price of $527,500. In other words, a good percentage of listings are selling over the asking price, though certainly not all homes that go on the market reap this benefit. At this time, these numbers represent a 22.1% year-over-year increase which is great for sellers. Moreover, the sale to list price ratio is now 99.2%, which is very high.
The local residential real estate market in Jensen Beach is still quite active, though it has cooled off a bit, technically remaining a seller's market, but only slightly out of balance between the parity of buyers and sellers. So, there are still more people actively looking to buy than there is available inventory. Additionally, homes are going quickly, with median days on the market standing at just 53 days at this time.
Although, economic circumstances and logistics situations continue to evolve, with interest rates incrementally rising, inflation continuing to trend upward, and a shortage of building materials and labor. All of these put downward pressure on the market, and will likely continue to do so over the next several months, which will help to stabilize home values, avoiding overheating of the market. This should help to bring the market back into balance and that is good news for both buyers and sellers.
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or see https://realestateexpoinc.com/