Jacksonville Florida Real Estate Market Report
Single Family homes (attached & detached)
Active Listings: 3,956 Active Listings: 4,082
Sold: 871 Sold: 755
Months Inventory: 4.54 Months Inventory: 5.41
Average Price: 491,797 Average Price: 518,702
Our inventory level bumped up a tiny bit from July 2013 and so did our homes sold in Jacksonville as well. Still seeing a seller’s market with multiple offers on homes. I always like to go back to the year 2005 to see how the market was doing then, compared to now. The available inventory in Jacksonville during August 2005 was 2,669. There were 1,118 sold homes in Jacksonville, which gave us a months inventory of 2.39. While we are hearing reports of a new real estate bubble presently forming, compared to 2005, which is when we peaked, we are not close to those numbers right now.
Jacksonville Florida Real Estate Market Report August 2013
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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Every neighborhood and house is different, want to know what these numbers mean to you when selling your Jacksonville Florida Home? Call me at 904-910-3516 and find out!