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Has the corona virus had an impact on home values in Jacksonville?
Without Question, the Corona Virus (COVID-19) has had a major impact on many sectors of the economy. Many businesses were ordered closed to help “flatten the curve” and prevent overwhelming hospitals with infected patients. Other business models such as online retailers experienced a boom in business.
So how has the corona virus affected real estate sales and home values in Jacksonville? Without question the number of closed transactions has declined but not because home buyers left the market. It appears that homeowners, fearful of bringing infected people into their homes, have decided to put off making a move and putting their home up for sale. This has created a supply of homes available for sale that is not keeping pace with buyer demand. This has created an imbalance in the market and as a result, home values are on the rise. In real estate terms, this imbalance has created a “seller’s market” which makes now a great time to get the most money when selling. The video below contains real estate market statistics and data which indicates that Jacksonville is experiencing a strong seller’s market.
Is your home ready for market?
Of course, your home still needs to be made ready for the market. After all, if you want to receive top dollar for your home it needs to be in top condition. Research tips on how to prepare your home for sale and implement the strategies and tactics that will cause your home to attract the attention of buyers and generate your best offer.
Are You Ready To Sell?
If you are a homeowner who has been putting off selling in order to wait for the best time to sell, then now is the time. Interest rates are at or near record lows and homebuyers are ready to buy. They just need a home to buy. Why not make it yours?
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