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Today I want to provide you with a brief real estate market update for our local market. We had a very strong finish in 2014, with lots of transactions over the holiday season.
However, January has been a bit more sluggish than we've anticipated. Buyers appear to be reluctant to write offers, but they are definitely out looking in Jacksonville.
February and March are when a lot of sellers move into the market, so
if you're planning on selling you need to get your home ready quickly. You'll
be facing a lot of competition in the spring, but there will also be a
lot of buyers motivated to purchase because of falling interest rates.
There are also a lot of great new loan products from Fannie Mae and
Freddie Mac, so be sure to ask us about them if you're thinking of
buying this spring.
This looks to be a really
good spring for both buyers and sellers, so please don't hesitate to
contact us if you need assistance.
