Jacksonville Florida Market Report
Single Family homes (attached & detached)
February 2011 February 2010
Active Listings: 6,447 Active Listings: 6,820
Sold: 547 Sold: 509
Months Inventory: 11.79 Months Inventory: 13.40
February 2011 finds Jacksonville showing a drop in the months inventory by 1.24 months over January 2011. Foreclosures and short sales make up around 55.21%, dropping slightly from last month too. You’ll notice that I like to do a break down of the different price points, so you can see what the market is doing in the different price ranges. Obviously, in the 0-150k market, houses are moving faster than the 800k and up and once the price point reaches 300k and up, the amount of foreclosures and short sales drop tremendously.
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!