Jackson Market Report – January 2024

Happy New Year! I hope your 2024 is off to a great start!

Thinking this might be the year to make a move? If so, I’d love to help! You’ve put too much into your home over the years to leave money on the table. As you consider selling, you deserve insight and guidance from an expert in your local market. Here are the top things to know about the Jackson area real estate market right now:

Days on Market have Decreased

In December, the median days on market for sold homes in Jackson decreased to 16, which was down just one day from 17 days in November. Although we started last year with median days on market hovering close to 30, we finished the year with the median well under 20 days. In the current market, sellers who have a strategic pricing and marketing plan are still in the best position to maximize the return on their investment in their homes.

Number of Properties Sold has Decreased

Jackson had 17 closed home sales in December, continuing on the downward trend we saw during the last 2 months of the year. Traditionally, sales do tend to slow down over the holiday season as many home buyers and sellers exit the market to focus on travel and time spent with family. During these slower times, it becomes increasingly important for homes to be properly positioned to stand out among the competition to attract motivated buyers looking to purchase right now.

Median Sale Price has Decreased

The median sale price for December 2023 in Jackson dropped significantly to $208K. This was by far, the lowest median sale price we’ve seen all year due with 11 of the 17 sold properties priced under $250k. Meanwhile, zero properties priced between $310k & $699k were sold during the same time frame. However, just a month earlier in November, the median price was at a 12 month high of $350k. It’s important for sellers to keep informed of these shifts and have a strategic marketing plan to maximize their sale price and sell in the fewest days possible.

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market

Yes, real estate transactions can be complicated. But they don’t have to feel that way. When we work together, I use a proven system to get you from consultation to closing without unnecessary stress & worry. You deserve an agent who thoroughly understands your unique needs and can confidently guide you seamlessly through your real estate transaction—so you can focus on living your life!

This is why my clients have trusted me to guide them through some of the biggest transactions of their lives since 2013. My step-by-step process has been carefully developed to get you the best price, within your ideal timeline, with the least amount of stress.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation 770-630-8394

We will talk in detail about your goals and my proven strategy for getting you the results you deserve, as fast as possible, without the stress.