What Do Real Estate Prices Look Like for 2019?

Now that we are officially in the New Year, what exactly does that mean for Fleming Island real estate prices? The latter half of last year was an excellent time to purchase a home for buyers with decent inventory levels and good prices, but what does 2019 look like?

Where Is The Real Estate Market Heading?

As buyers are now looking for homes this year, they are wondering if prices will remain low. According to Knock.com, real estate prices are expected to sell slightly below-asking price.

With Jacksonville ranked top 5 for the best real estate deals of 2019, homes are expected to sell quickly with an average on market of 31 days.

Experts are predicting that the market will see an increase in buyers during the first quarter of the year, which might create a competitive market since more people are currently looking to buy now then there are homes available. That makes right now the perfect time to list.

After the first quarter of the year, interest rates and housing prices are believed to rise, which means the market could slow slightly, plus see an increase of competition with sellers preparing their homes for the spring market.

Who Is Looking To Buy In 2019?

The predictions on Forbes states that the real estate market should be dominated by first-time buyers. Millennials are said to make up about 45% of real estate sales, Gen Xers are expected to make up 37% of sales, and the Boomers trail in third, making up 17%.

Knowing who is interested in becoming a homeowner can help you target the right generation, which could help your home sell quicker. Ask our team of experts for staging ideas!

If you are considering becoming a homeowner this year now would be the best time to contact a Fleming Island real estate agent, Marla Newman Group Realty at Coldwell Banker, before the housing rates become more expensive.

Contact Us

Whether you are looking to purchase your dream home or are wanting to sell your current one, our team at the Marla Newman Group is here to help. Please contact us at 904-874-8299 to get started.