This morning I published a post about the new home sales data that was released today.After taking a look at this report and the news that many economists think we may have hit the bottom in terms of price deterioration, I thought it might be helpful to take a look at the single family home market in Jupiter.
The info below come from the Regional Multiple Listing Service data and although they should be correct but I can't guarantee it.
In the last 30 days, 66 single family homes sold within the city of Jupiter.
The median size was 2,040 sq. ft.
The median list price was $ 382,500 and they sold for an average of 94.2% of the listing price. And, the average selling price was $ 156.34 per square foot.
This is a big jump since typically houses have been selling for around 91% of the listing price.
The median time on the market was 123 days down several weeks from earlier this month.
All of these are signs that the market may be firming up. Are you seeing signs in your area that things may be turning?
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Richard Sites
Realtor in Jupiter/Tequesta
