Which Direction Is the Jonesboro Market Headed in?

What’s been going on in the Jonesboro real estate market? Here’s what we noticed.

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I’ve got a few tidbits to share with you today about the Jonesboro real estate market and the direction we’re headed as we move forward in 2018. 

When comparing the numbers for the first quarter of 2018 with the numbers from the first quarter of 2017, a few trends start to emerge. The first is the slow and steady increase in pricing. Truthfully, this has been happening in our market for as long as I can remember, save for a few years in the last decade. 

The number of homes on the market has remained flat, but that’s pretty typical of Jonesboro. We usually don’t see big swings one way or the other around here. What we do see is that there are a ton of buyers out there who are looking for something new. For some reason or another, they aren’t satisfied with what’s on the market and they’re constantly looking for new homes. If you’ve been on the fence about selling your home, know that there are buyers out there chomping at the bit for new listings.

Homes are selling even faster than they did last year.

One positive trend we’ve noticed is that homes are selling faster. The average days on market has dropped by about 10 days from this time last year. This drop puts us in a pretty strong seller’s market for the most part, but it can vary depending on your situation. Condition, location, and other factors will also play a role.

 If you have any questions about the current market or about what the conditions look like for buyers or sellers, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.