Jacksonville Florida Real Estate Market Report
Single Family homes (attached & detached)
Active Listings: 3,653 Active Listings: 4,527
Sold: 918 Sold: 694
Months Inventory: 3.98 Months Inventory: 6.52
Average Price: 505,182 Average Price: 550,721
Wow. That’s what I said out loud when I saw this month’s inventory level under 4 months. Last month it was 4.36. To put it in perspective, back in April 2005, it was 2.43 months. Now, if you’re new to my market reports or not sure what months inventory means, I’ll explain. If we use April 2013 as the example, then we see that there was 3,653 available houses and 918 houses sold and closed that month. If you divide active houses by sold houses, then you will get 3.98. So, that’s the math part. What it means, is it would take 3.98 months to sell 3,653 based on 918 homes sold and if no more houses came on the market. We are in a seller’s market. Woohoo sellers!
Jacksonville Florida Real Estate Market Report April 2013
And now for a Blast in the Past…………..
Active Listings– The amount of active listings in the month reported
Sold– The amount of sold listings that closed in the reported month.
Months Inventory– How many months it would take to sell the current inventory based on the sold amount.
Avg Sale Price– Average sale price of the sold houses in the reported month.
SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.
Days on the Market– The length of time it took the house to get under contract from list date.
Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned).
Sold Short Sales– How many homes sold, that were short sales
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