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Inventory: Active Listings
Inventory of real estate in Jupiter continued to build in the fourth quarter, up +105% YOY. It grew from an average of 222 active listings in Q4 2021 to an average of 453 active listings in Q4 2022.
Days On Market
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39 Days
Single family homes stayed on the market for an average of 39 days during Q4 2022. This was up +33% from last year at this time, when homes took an average of 30 days to sell.
Sale to List Ratio*
In Q4 2022, single family homes sold on average -7% below the asking price, quite similar to trends seen in the previous quarter. One thing to note is that in the first half of 2022, properties sold at nearly 99% of asking price. Starting in July of 2022, sale to list ratio dropped to 93%.
Sale To List Ratio
Glossary
Sale to List Ratio: The ratio of the final sale price of a home to its list, or asking, price expressed as a percentage. If the sale to list ratio is above 100%, the home sold for more than the list price. If it’s less than 100%, the home sold for less than the list price.