Boom! And just like that we are off to the races.
Spring has officially shown up and so have the home buyers! What you'll see in this real estate market update graphic below is the noticeable trend upward in Pending home sales. This is an all telling statistic that I always watch. In my opinion, the health of the real estate market fully depends on the home buyers' confidence to make offers and sellers willingness to go under contract to sell their home. When this gets out of sync, we get in trouble.
12 Months of Increases in Pending Sales
Another key stat on this graphic is the monthly percentage increase from the previous year's same period. It's a trend of increases for every month over the last 12 months. This is strong and shows the continued rebound of the housing market in North Florida and Jacksonville FL.
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