Jackson Market Report – October 2024

Happy fall y’all! As we head into the 4^th quarter of 2024 (and my birthday month), we’re seeing inventory in Jackson creep upwards while prices shift slightly downward. The good news is that we’ve started to see some decline in mortgage interest rates as well, which could help to stimulate the market.

Our homes serve us well over the years, but as life changes, you might decide it’s time to move. The idea of moving into the home that fits your lifestyle now sounds appealing. But first, you know you want to maximize your sale price.

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 September, the median days on market for sold properties here in Jackson decreased from 35 to 28. Although this is still a good bit higher than what we were experiencing in the summer months, it’s significantly lower than March & April of this year.  When selling your home, it’s crucial to have the right strategy in place to prepare, price, and position it in a way that stands out to attract buyers’ attention and sell quickly.

Number of Properties Sold has Increased

The number of properties sold in September increased to 24 vs just 20 in August. For the same period, pending sales also increased from 28 to 34.   Meanwhile, the number of new listings coming on the market actually decreased. As a result, the number of months supply dropped as well, shifting us closer to a balanced market.  With the local market constantly changing, sellers should focus on making sure they’re working with a professional that knows the local market and will ensure their home is positioned in a way that reaches and appeals to as many potential buyers as possible.

Median Sale Price has Decreased

Once again in September, the median sale price in Jackson dropped. This time from $288k to $272k.  During this same period, the median list price also decreased from $296k to $276k. With this overall price reduction, homes with fewer additional discounts, at 98% of their list price. It’s important for sellers to work with an agent who is monitoring these shifts to set appropriate prices and expectations from the start to maximize sales price while minimizing days on market.

As a homeowner, what does this mean for you?

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 their biggest financial transactions 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 best price within your ideal timeframe, and with the least amount of stress.

Call Today → 770-630-8394