Jackson Market Report February 14, 2025

Jackson Market Report – February 2025

We’ve made it February, and temperatures should be warming up for us soon. Once they do, the real estate market usually follows suit.

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 Increased

In January, the median days on market for sold properties here in Jackson increased to 60, from 34 in December, reversing the downward trend that started in November.  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 Decreased

The number of properties sold in December decreased to 17, down from 47 closed sales in December. However, for the same period, pending sales increased from 23 to 31, showing a potential increase in sales in February.  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

In January, the median sale price in Jackson decreased to $260k from $270k the month before. This appears to be a continuation of the seasonal slowdown we’ve been experiencing over the last few months. 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

Jackson Market Report January 14, 2025

Jackson Market Report – January 2025

The New Year has arrived & I’m cautiously optimistic for 2025. For many people, January brings thoughts of new goals, plans and opportunities…many of which could involve a move. Now is the perfect time to start preparing if you’re thinking of listing your home in the spring.

 

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 December, the median days on market for sold properties here in Jackson decreased to 34, from 36 in November, continuing the downward trend that started in November.  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 December increased to 47, up from just 22 in November. However, for the same period, pending sales decreased from 38 to 23, suggesting a decrease in closings on the horizon for January.  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 Increased

 

In December, the median sale price in Jackson increased to $270k from $256k the month before. While not the lowest median we’ve seen here all year, it’s far from the highest of the year.  For the same period, the median list price was $280k. This resulted in a sales to list price ratio of 96%, indicating less competition between buyers this month. Although prices have been trending downward the 4th quarter of this year, this doesn’t necessarily mean that individual home prices have come down that significantly. A more accurate observation is that the seasonal slowdown is more pronounced at higher price points, as more buyers shopping for higher price homes in our area chose to pause their home search for the holiday season. 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

Jackson Market Report December 6, 2024

Jackson Market Report – December 2024

December is upon us and 2025 will be here before we know it. Traditionally, the real estate market slows significantly this month as people shift their priorities to traveling & celebrating the holidays and away from real estate purchases & moving. However, this is often the time of year when people start making their plans for the new year, which often includes planning for a future move.

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 November, the median days on market for sold properties here in Jackson decreased to 36, from 53 in October. While this isn’t the lowest number we’ve seen all year, it is far from the highest. 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 Decreased

The number of properties sold in November decreased to 22, down from 28 in October. However, for the same period, pending sales also increased from 30 to 38, signaling an increase in sales likely in the near future as these pending sales close. 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

In November, the median sale price in Jackson decreased to $256k. This is the lowest median we’ve seen here all year. Interestingly enough, the median list price during this same period was $254k. This resulted in a sales to list price ratio of 101%, signaling that this lower median price point remains competitive and many buyers are paying at or above list price. Keep in mind that this doesn’t necessarily mean that individual home prices have come down that significantly in recent months. Since this is a snapshot of the entire Jackson market, it simply shows that the seasonal slowdown is more pronounced at higher price points, as more buyers shopping for higher price homes in our area have stepped back from the market for the holiday season. 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
Kim Freshwater
License # 353622
Century 21 Crowe Realty

Jackson Market Report November 19, 2024

Jackson Market Report – November 2024

As we head into the holiday season, available home inventory continues to increase slightly while prices have shown another slight decrease month-over-month. This is typical for this time of year. In addition, these numbers are trending in the same way year-over-year, signaling a shift from the low inventory seller’s market we’ve experienced in recent years.

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 Increased

In October, the median days on market for sold properties here in Jackson increased from 28 to 53. This is by far, the highest number we’ve seen in 3+ years. 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 October increased to 28 vs just 24 in September. However, for the same period, pending sales also decreased from 34 to 30. Meanwhile, the number of new listings coming on the market increased from 47 to 59. This resulted in a net decrease in the number of months of available supply here in our area. 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 Increased

In October, the median sale price in Jackson moved slightly upward, from $272k to $276k. During this same period, the median list price also increased a little, from $276k to $278k. This resulted in homes selling for 99% 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

Jackson Market Report October 5, 2024

Jackson Market Report – October 2024

Happy fall y’all! As we head into the 4th 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

Jackson Market Report September 22, 2024

Jackson Market Report – September 2024

Dear Neighbor,

 

Welcome to September & the official beginning of fall. Last week, we saw interest rates begin to fall to the lowest levels we’ve seen in years. As we head into the next few weeks, the temperatures will begin to cool…but there is speculation that the real estate market may be heating up due to the improved rates. Only time will tell.

 

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 Increased

 

In August, the median days on market for sold properties here in Jackson increased to 35 from 16 days in July. This significant increase indicates that most properties are taking weeks, rather than days, to sell.  This highlights the importance of sellers having the right strategy in place to prepare, price, and position their home in order to attract buyers’ attention and sell quickly.

 

Number of Properties Sold has Increased

 

Following the highest number of sales we’ve seen all year in July, August saw less than half as many sales, with just 20 properties sold.  This was the lowest number seen since February. Meanwhile, new listings for the same period increased to 68, which is the highest number all year. If these numbers continue trending in this way, we could see a shift from the seller’s market we’ve had for years now, to a buyer’s market. Now more than ever, 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

 

In August, the median sale price in Jackson dropped from $305k to $288k, bringing the price back in line with what we experienced in May of this year. During this same period, the median list price also decreased from $325k to $296k. As a result, we saw properties selling at 97% of their original list price, which is the highest percentage since May. 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

Jackson Market Report August 12, 2024

Jackson Market Report – August 2024

Can you believe that summer break is officially over & the kids have already headed back to school? Even though the weather definitely doesn’t feel like fall yet, we’re all starting to shift into our fall routines. With this fall transition, I tend to get a lot of questions from homeowners considering a move & wondering if they should wait to list until spring. My answer? Not necessarily. Spring/Summer may historically be the time that most people consider moving, but it’s not always the best time to sell. This year, for example, there was a spring/summer slowdown largely due to inflation & interest rates. In fact, I sold more homes from January-March than any other time so far this year.

 

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 July, the median days on market for sold properties here in Jackson decreased to 16 from 18 days in June. Likewise, the average days on market for all available properties (those that haven’t sold yet) decreased as well from 61 to 56. Although these decreases were both slight, if this trend were to continue, it could signal a shift toward a more competitive environment for buyers.  This highlights the importance of sellers having the right strategy in place to prepare, price, and position their home in order to attract buyers’ attention and sell quickly.

 

Number of Properties Sold has Increased

 

After the sharp decrease we saw in sales in June, the number of closed sales in July was the highest we’ve seen all year. Meanwhile, the total number of active listings remained fairly consistent with what we’ve seen in recent months. Increasing sales when combined with flat inventory is another factor that could prove beneficial for sellers.  In the current market, 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 Increased

 

In July, we saw the median sale price in Jackson increase (by $500) month over month. This marks the 3rd month in a row where prices have increased. However, when paired with the median original list price for the same period (which increased by $5k), we saw the sale to list price ratio drop by 1%.  This indicates that many properties are being overpriced, as sellers anticipate prices rising more substantially than they actually are. 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

Jackson Market Report July 6, 2024

Jackson Market Report – July 2024

We’ve made it to the heart of summer & the summer heat is in full swing. The year is halfway over, and if you’re hoping to make a move this year, it could be time to stop waiting for the perfect time and start putting a plan into action.

 

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

 

Over the past 3 months, median days on market for sold properties in Jackson have been steadily decreasing. From 43 days in April, to 21 in May, and just 18 days in June. In contrast, the average days on market for all available properties (those that haven’t sold yet) has been steadily increasing during that same time. As interest rates and prices both remain high, buyers are being more selective overall.  This highlights the importance of sellers having the right strategy in place to prepare, price, and position their home in order to attract buyers’ attention and sell quickly.

 

Number of Properties Sold has Decreased

 

April and May both showed small increases in the number of homes sold here in Jackson. However, there was a sharp decrease in sales for the month of June. Meanwhile, the total number of available properties decreased slightly in each of the last 3 months. The number of new properties coming onto the market is trending downward as well. However, ongoing challenges with affordability for buyers is impacting demand too.  In the current market, 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 Increased

 

Despite the sharp decrease in the number of properties sold in June, those that did sell sold at the highest median price we’ve seen all year. For the 1st time since November 2023, we saw the median sale price exceed $300k, coming in at $304,500. This median sale price reflects 95% of sellers’ asking prices for that period, suggesting that fewer buyers are making full-price offers on properties. 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

Jackson Market Report June 10, 2024

Jackson Market Report – June 2024

We’re well into June & I hope your summer is off to a great start!

 

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 May, we saw the median days on market for sold homes cut in half, decreasing from 43 days to just 21. Even so, it’s important to keep in mind that this is simply the median. While half of the homes sold in May spent fewer than 21 days on market, the other half lingered longer. As the pace of sales has slowed down from the fever pitch we experienced when interest rates were low, it is becoming increasingly important for sellers to have the right strategy in place to prepare, price, and position their home in order to attract buyers’ attention and sell quickly.

 

Number of Properties Sold has Increased

 

There were 38 closed sales in May, an increase of just 1 from 37 closed sales in April. During this same time period, we also saw the total number of available properties decrease by 5.  With fewer available properties, buyers’ choices remain limited. However, ongoing challenges with affordability for buyers is impacting demand as well.  In the current market, 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

 

With increased pressures from interest rates and inflation, May brought a decrease in the median sale price. Last month, the median sale price in Jackson decreased to $288k from $295k the month before. This median sale price reflected 98% of seller’s asking prices, suggesting that lower initial pricing resulted in sales prices close to asking price. It’s important for sellers to work with an agent who is monitoring these shifts, so they can set the right price from the start and 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

Jackson Market Report May 13, 2024

Jackson Market Report – May 2024

Can you believe May is halfway over already? We’re entering into graduation season, and schools will be out for summer vacation before we know it.

 

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 April, median days on market for sold homes decreased by 5 to 43 days. Even with this moderate decrease, homes are taking much longer to sell overall than we’ve seen in recent years. As the pace of sales has slowed down, it is becoming increasingly important for sellers to have the right strategy in place to prepare, price, and position their home in order to attract buyers’ attention and sell quickly.

 

Number of Properties Sold has Increased

 

There were 37 closed sales in April, up just 2 from 35 closed the month before. During this same time period, we saw the total number of available properties increase by 15.  With the increase in new listings increasing at a faster pace than the increase in sales, we’re seeing a shift toward a more balanced market. In the current market, 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 Increased

 

Along with the increase in sold properties, we also saw an increase in the median sale price. In April, the median sale price in Jackson increased to $295k from $290k in March. Even so, this sale price was only 95% of the median original list price for the same time, showing that sellers are still accepting offers below their asking price in order to make the deal work. It’s important for sellers to work with an agent who is monitoring these shifts, so they can set the right price from the start and 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.