It’s the age old real estate question,  “Should I be buying or selling property in this current real estate market”?  You may ask that question of 10 different friends and experts, only to receive 10 different opinions.

As a Agent, and active real estate investor, I’ve always used information I’ve gathered from the local real estate market summary to assist me in determining the current trends in home sales.

Let’s use recorded data collected from recent home sales in an area I know well, Jupiter, Florida.  Jupiter is somewhat unique in the real estate market, as properties in this town range from beachfront investments, to affordable single family homes, to properties in multi-million dollar waterfront communities.

The graph below is a good, “at-a-glance” indicator for the current home sales market in Jupiter, Florida, over the past several months.

Notice that since the beginning of the 2015 year, home prices in the Town of Jupiter saw a surge upward and have held steady, while actual MLS for sale inventory has peaked, then recently dropped.

Even with a sharp recent drop the median sales price, the current recorded “sold prices”  are encouraging to sellers, with properties selling relatively quick with an average 90 Days on the Market.

Jupiter FL Median Sale Prices

Also encouraging to Sellers, is the decreasing “property for sale” inventory. Less inventory = Advantage to the Seller.

While a good portion of a town like Jupiter will become a renters market during the seasonal Winter months, it is my experience that these rental properties have little influence on the for sale inventory market, during those seasonal Winter months.

Number of Properties.

Conclusion:  While it seems in the current local real estate market for Jupiter, Florida, that the Seller has a market advantage, it also remains a good time for Buyers to negotiate a good purchase price.  With a current 93.5% average Sold to Original List Price ratio, and an average 90 Days on the Market, we can conclude that Sellers continue to be motivated to sell, and aren’t necessarily sitting on their properties.   Buyers have been scarce over the past 7 years, and Sellers don’t want to lose them!