Jackson Market Report January 8, 2024

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.

Jackson Market Report November 13, 2023

Jackson Market Report – November 2023

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 October, the median days on market for sold homes in Jackson decreased to 11. This is a slight month-over-month decrease, as well as a more significant year-over-year decrease. As median days on market trend downward, 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 Increased

Jackson had 22 closed home sales in October, which is an increase from the multi-year low of 14 we experienced in September. However, this is still a significant decrease when compared to August of this year. New listings were up as well month-over-month, but also not as high as in August. As inventory remains low, it offers the opportunity for properly positioned homes to stand out among the competition to attract the most buyers and sell quickly for top dollar.

Median Sale Price has Decreased

The median sale price for October 2023 in Jackson was $282K, which was a month-over-month decrease from the median of $320k in September. Although September’s median was the highest we’ve seen all year, our October numbers are more in line with previous months and reflect a modest increase when compared with August. With prices not showing a consistent trend in one directions or another, 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.

 

 

Jackson Market Report October 9, 2023

Jackson Market Report – October 2023

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 Georgia real estate market right now:

 

Days on Market have Increased

 

In September, the median days on market for sold homes in Jackson increased to 15. While this is a month-over-month increase from the 13 day median we had in August, it is still down significantly from the 25-29 day medians we saw earlier in 2023. It’s important for sellers to understand these shifts and have a strategic marketing plan to maximize their sale price and sell in the fewest days possible.

 

Number of Properties Sold has Decreased

 

Jackson had just 14 closed home sales in September 2023, which is less than half of the 32 sales that were closed in August. This is the lowest number of closed sales we’ve seen in a single month all year. The number of new properties being listed for sale in September dropped significantly as well, with only 28 new listings vs 47 new listings in August. As inventory remains low, it offers the opportunity for properly positioned homes to stand out among the competition to attract the most buyers and sell quickly for top dollar.

 

Median Sale Price has Increased

 

The median sale price for September 2023 in Jackson was $320K, which was a month-over-month increase from the median of $279k in August and the highest median sale price we’ve seen in Jackson this year. With prices trending upward, sellers who have a strategic pricing and marketing plan are in a great position to maximize the return on their investment in their homes.

 

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.

Jackson Market Report September 18, 2023

Jackson Market Report – September 2023

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 August, the median days on market for sold homes in Jackson decreased to 13. This is a significant month-over-month decrease from the 28 day median we had in July, which brings us back in line with the numbers we saw in May & June of this year. This shows that despite the higher interest rates, we still have more buyers than inventory here in our market, keeping competition high. It’s important for sellers to understand these shifts and have a strategic marketing plan to maximize their sale price and sell in the fewest days possible.

 

Number of Properties Sold has Increased

 

Jackson had 32 closed home sales in August 2023 vs just 27 closed sales in July. In addition to this increase in closed sales, there was also a small increase in total active listings. This number grew from 100 in July to 109 in August, bringing us back in line with the inventory numbers we had in May & June of this year. Even so, these numbers are historically low. As inventory remains low, it offers the opportunity for properly positioned homes to stand out among the competition to attract the most buyers and sell quickly for top dollar.

 

Median Sale Price has Decreased

 

The median sale price for August 2023 in Jackson was $279K. While this is a month-over-month decrease from the high of $307k we saw in July, it is nearly the same as June’s median sale price of $280k. This is also an increase over last August’s median sale price of $265k. With year-over-year prices still trending upward, sellers who have a strategic pricing and marketing plan are in a great position to maximize the return on their investment in their homes.

 

 

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

Jackson Market Report August 11, 2023

Jackson Market Report – August 2023

Days on Market have Increased

 

In July, the median days on market for sold homes in Jackson increased to 28. This is a significant month-over-month increase over the 12 days we saw in June, but in line with the timelines we were seeing during the 1st quarter of this year. While inventory is still limited, higher interest rates have reduced the number of buyers in the market & decreased competition. It’s important for sellers to understand these shifts and have a strategic marketing plan to maximize sale price and sell in the fewest days possible.

 

Number of Properties Sold has Decreased

 

Jackson had 27 closed home sales in July 2023, compared to 36 sales in June. Despite the decrease in closed sales, total available listings stayed relatively flat at 100 vs 99 in June. As inventory remains low, it offers the opportunity for properly positioned homes to stand out among the competition to attract the most buyers and sell quickly for top dollar.

 

Median Sale Price has Increased

 

The median sale price for July 2023 in Jackson was $307K, which is the highest we’ve seen all year. This is also an increase over last July’s median sale price of $295k. Although days on market are beginning to trend upward some, overall inventory has stayed the same and median sale price has shown an increase. Sellers who have a strategic pricing and marketing plan are still seeing their properties sell fast & for the highest possible price.

 

 

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

Jackson Market Report July 10, 2023

Jackson Market Report – July 2023

It has been an eventful summer in the Jackson real estate market. Here are some of the trends I’ve observed over the last month:

 

Days on Market have Decreased Again

 

In June, the median days on market for sold homes in Jackson dropped for the 2nd straight month, to just 12 days. While this is still a year-over-year increase from 6 days in June 2022, the gap is quickly closing.  The ongoing inventory shortage continues to put pressure on home buyers to act quickly when properties come available, and the steady decrease we’re seeing in median days on market is evidence of this. Limited inventory & decreasing days on market provide an opportunity for sellers with a strategic marketing & pricing plan to maximize their sale price and sell in the fewest days possible.

 

Number of Properties Sold has Decreased

 

Just 36 homes sold during the month of June 2023, here in Jackson. This is ten fewer than were sold in June 2022, and a month-over-month decrease of three.  Coincidentally, only 36 new listings came on the market in Jackson during the same time period, compared to 69 new listings in June 2022.  As supply remains low, those who chose to list their home can maximize their sale price by properly pricing and positioning the property to stand out in the market.

 

Median Sale Price has Increased

 

Following last month’s skewed median price data, June’s median sale price has increased to $280k, which is in line with the numbers we were seeing earlier in the year. This is also up slightly year-over-year from $279k in June 2022.  It is also interesting to note that the median list price for June 2023 was also $280k, resulting in a sales-to-list price ratio of 100%. This ratio is actually up year-over-year from 98% in June 2022, showing that the market is still strong for sellers.

 

What to Expect When Selling Your Home

 

The real estate market is always changing—and you deserve to maximize your home sale no matter what. A proven marketing plan, data-driven pricing strategy, and detailed transaction management process are all necessary to maximize your home sale without unnecessary stress and worry.

 

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

Jackson Market Report June 16, 2023

Jackson Market Report – June 2023

June is here and so is the season influx of buyers into the real estate market. Mortgage interest rates are still high and inventory remains low. Read on to see what is happening right now in the Jackson/Butts County real estate market.

Days on Market have Decreased

In May, the median days on market for sold homes in Jackson dropped to 15, down from 28 days in April. While this is still a year over year increase from the median of 6 days on market we experienced in May of 2022, it’s far fewer than we saw throughout the 1st quarter of this year. This decrease is due in large part to the ongoing inventory shortage, which is motivating buyers to act quickly when new listings come available. Limited inventory & decreasing days on market provide an opportunity for sellers with a strategic marketing & pricing plan to maximize their sale price and sell in the fewest days possible.

Number of Properties Sold has Increased

Jackson had 38 home sales during the month of May 2023. This is just one less than the 39 sold during May of 2022, and a month-over-month increase when compared with the 34 sold in April. It’s also worth noting, only 39 new listings came on market in May 2023 vs 69 new listings in May 2022. As supply remains low, those who chose to list their home can maximize their sale price by properly pricing and positioning the property to stand out in the market.

Median Sale Price has Decreased

For the 1st time since the beginning of 2023, we saw a decrease in the median sale price for the Jackson market in the month of May. The median sale price for May 2023 was $240k, down from $260k in May 2022 & $295k in April 2023. However, average sale price was nearly flat at $280k in May of both years, showing more stability than is suggested by the median.

Jackson Market Report May 9, 2023

Jackson Market Report – May 2023

The spring real estate market is here, but it’s unlike any we’ve seen before. Buyer activity picking back up, properties are spending more time on the market, prices are still trending upward, but total closed sales are down. Read on for details about what I’m seeing here in the Jackson market right now.

Days on Market are Increasing Again

In April we saw the median days on market for sold properties in Jackson increase slightly to 28, up from the 25 days on market we saw in March. In the 1st quarter of this year, we’ve seen days on market holding steady in the 20s, which is significantly longer than the single digit days on market we experienced in the 1st quarter of 2022. As days on market continue to trend upward, it is increasingly important to have a strategic pricing and marketing plan in place to ensure your home sells for top dollar in the fewest days on market.

Number of Properties Sold is Declining

In April 2023, just 24 properties sold in the Jackson market during the month, which is down significantly from 37 sold in March 2023 and only half the number of properties that were sold in April of 2022.  This is due in large part to the shortage of new properties coming on the market. This year, we saw only 34 new listings come on the market in Jackson for the month of April, which is less than half of the 81 new listings we saw in April 2022. Last month it appeared that listings were beginning to pick up for the spring selling season, but these new numbers show us that is not currently the case. As supply remains low, it provides an opportunity to maximize your sale price by properly pricing and positioning your property to stand out in the market. 

Sale Prices have Increased Again

The median sale price in Jackson rose to $295k in April 2023, which is the highest median price we’ve seen all year. This is also a year over year increase from the median sale price of $269k in April 2022. Decreased supply is putting upward pressure on prices, even though properties are taking longer to sell. In this environment, it is increasingly important to make sure you’re using a data driven pricing strategy to ensure your property sells for the best possible price, getting you the return on investment you deserve.

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

Jackson Market Report April 7, 2023

Jackson Market Report – April 2023

Our homes serve us well over the years, but as life changes and you reach a stage where you have more options and flexibility, you might decide it’s time to move. The idea of moving into the home you’ve always desired 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 are Decreasing Again

In March, the median days on market for sold properties in Jackson was 25, which is down from the 28 we saw in February of this year. However, that’s up significantly from the median of 6 days we saw in March 2022’s frenzied market. As the market changes, a strategic pricing and marketing plan will ensure your home sells for top dollar in the fewest days on market.

Number of Homes Sold is Increasing

This year, 37 homes sold in the Jackson market during the month of March, compared to just 17 sold in February 2023. This number is down just slightly from the 39 sold in March 2022. This statistic is consistent with the typical seasonal increase we see as we enter the spring selling season. As more buyers & sellers enter the market, it is increasingly important to stand out above the competition with the right strategic plan, pricing, and positioning for your property and your goals, in order to attract more buyers and maximize your home sale price.

Sale Prices are Still Up

The median sale price in Jackson was $275k again in March, just as it was in February. Although this number remained flat month over month, it is still up from $265k in March 2022. With a year over year increase more modest than we’ve seen in recent months, a data driven pricing strategy is more important than ever to maximize your results and sell within your ideal timeline.

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.

Jackson Market Report March 16, 2023

Jackson Market Report – March 2023

Our homes serve us well over the years, but as life changes and you reach a stage where you have more options and flexibility, you might decide it’s time to move. The idea of moving into the home you’ve always desired 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 are Increasing

Currently, the median days on market for the Jackson market is 28, which is up from a historic low of 9 days in February of 2022. As this unsustainable high level of demand has decreased, it is becoming increasingly important to have a precise strategy for pricing and marketing to ensure your home sells for top dollar in the fewest days on market.

Inventory is on the Rise

In February 2023, we had just 38 new listings come on the market, a decrease from the 50 new listings we saw come on market during the same period in 2022. Despite this decrease in new listings, overall available inventory is increasing as properties are taking longer to sell. As we’re seeing available supply catch up with buyer demand, it is further highlighting the importance of correctly pricing and positioning your home on the market from the start. This will allow you to get top dollar by standing out above the competition, rather than spending excessive days on market. With the right strategic plan, pricing, and positioning for your property and your goals, we can attract more buyers and maximize your home sale price. 

Sale-to-List Price Ratio is Declining

In February 2022, excessive buyer demand in our area pushed the median sale-to-list price ratio to 102%. As supply has begun to outpace demand, this ratio has dropped to 92% for February 2023. Sellers who have overpriced their homes are facing the realization of longer-than-ideal market times and the need for price reductions. When you start with an expert strategy, you can be confident you can sell for the highest possible price in the shortest time on market possible.

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 over 150 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