No Shortage of Buyers….
by Pete Belcastro
Now that summer heat has arrived, it would seem the real estate market in Jackson County would cool a bit from what has been quite a robust spring season. SOMLS statistics show the March, April and May period was the busiest three month period in nearly a decade.
As a result of this its been a Seller’s Market for some time. Inventories remain low compared to the sales activity surrounding them. Thus, we continue to find more buyers than sellers available in the market.
In fact agents report multi offers on properties in certain price ranges in certain communities. The market is not the same across the county. Some areas have more activity than others.
Take notice of one thing, there is no shortage of buyers looking for housing opportunities. If a property is priced right, it should sell before the average Days on Market figures, now about 65 days.
Rural properties are also highly sought after right now as buyers continue to see Jackson County as a prime agriculture/rural area. Sales are up substantially for rural properties and don’t expect this to change anytime soon.
So, welcome to summer. We expect more tourists than usual thus summer and many may want to remain here. If they do, then summer sales could top those of spring, proving there are still plenty of buyers out there.
