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 1^st 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 1^st 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

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.

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