Some local data here in Jacksonville

Each month, I like to educate folks about some of what we are seeing in some zip codes of Jacksonville. I do live in 32205, the Riverside Avondale areas of Jacksonville, but I cover and go anywhere I need to help my customer. Here is some information on March sales in a few zip codes:

The 32205 zip code remained below its 12-month average sales volume this week as sales dropped 6.1% to hit 31 homes sold over the last 30 days. In comparison, the nearby 32210 zip code had 52 sales in the same time frame, the most of all neighboring zip codes.

 Prices are falling in the 32205 zip code, and this period the median price of all sales fell from $135,000 to $95,000. The 32205 zip code is a definite buyer's market, due to a big eight months of inventory left and aided by the dip in sales.

Mortgage rates fell this week to 4.31%, signaling that it's probably a good time to think about locking up financing.

http://www.homesnap.com/news/Jacksonville_Metro/Jacksonville/33845

Sales fell this week to 52 homes sold in the 32210 zip code market over the last 30 days. However, a six-week positive trend for contracts was extended, with 85 pending transactions in the same time frame.

Potential buyers should note that prices are coming down in the 32210 zip code, and for this period the median sales price slid from $72,000 to $70,500. The 32210 zip code is a definite buyer's market, thanks to a big seven months of inventory to choose from and a pullback in sales.

It is still a buyer's market aside from all the hype you hear from the national media. You can still find a great deal on a house and a good mortgage rate, below 5%. If you know of anyone looking to buy or sell in the Jacksonville area, please ask them to contact me.

#LizBobeck