By Gwinn Volen

August home sale numbers are in, and the real estate market continues to not only be on fire but highly competitive too.

Here are the highlights for the Ponte Vedra Beach real estate market:

  • The median sale price is up 24% from July 2020 and 34% from August 2019.
  • Inventory of homes (months supply) is at 3 months, down 42% from last year and down 3% from July. 6 months supply is considered a balanced market, so we are in a seller's market.
  • Buyer traffic is up. Showings per listing are up 35% when compared to August 2019.

What does this mean? This is a great market for a real estate agent, where many are having record years. However, it's tough, as the buyers are out there but the inventory isn't.

For those…

52 Views, 0 Comments

Read Full Post
View All Results