Why Jupiter Homes Sit

Jupiter in July moves differently than Jupiter in January.

But here is what most people are missing right now.

The Jupiter market has tightened significantly over the past year. Inventory dropped from seven months to 5.3 months. Demand is real. Buyers are still active, even while a good portion of Jupiter is in the Bahamas.

The homes sitting are not necessarily bad homes. The median days on market is now 82.

Most sellers who are sitting started too high, missed the initial window of attention, then paid for it week after week.

The homes that were priced correctly this spring are already under contract or closed.

That difference between selling in 30 days or sitting for 82 usually comes down to one thing: the original list price.

Jupiter real estate is healthy. It just rewards sellers who respect the market from day one.

If you are thinking about selling this year, do not wait until your home has been sitting for two months to find out where the market thinks it should have been priced. Get the positioning right before day one.