Jacksonville Florida Market Report
Single Family homes (attached & detached)
December 2011 December 2010
Active Listings: 5,071 Active Listings: 6,763
Sold: 709 Sold: 678
Months Inventory: 7.15 Months Inventory: 9.97
Average Price: 528,749 Average Price: 445,886
We experienced an increase of sold homes in December vs November 2011, to get those babies off the books and get some homesteads claimed! We are still in a buyer’s market, but are getting closer to seeing a stable market, based on the months inventory creeping down closer to 6 months. Our average price is also higher this month over last year, which is a great sign too.
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
Want to know what these numbers mean to you when selling your Jacksonville Florida Home? Call me at 904-910-3516 and find out!