Jacksonville Florida Real Estate Market Report
Single Family homes (attached & detached)
February 2013 February 2012
Active Listings: 3,520 Active Listings: 4,748
Sold: 689 Sold: 603
Months Inventory: 5.11 Months Inventory: 7.87
Average Price: 499,230 Average Price: 536,431
The average price took a slight stumble back from last month, and the months inventory in Jacksonville went down, which is a positive thing in the case of sellers. More homes sold and less inventory is putting Jacksonville real estate market in a seller’s market. If this trend continues, I don’t see why it won’t, then we will see prices start to rise. Just remember though, each house and each neighborhood are different. To really determine how it’s looking for your house, we need to take a closer look at your neighborhood stats.
Jacksonville Florida Real Estate Market Report February 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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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!