Jacksonville Florida Market Report
Single Family homes (attached & detached)
January 2011 January 2010
Active Listings: 6,517 Active Listings: 6,550
Sold: 500 Sold: 487
Months Inventory: 13.03 Months Inventory: 13.45
Not a big difference between January 2011 and January 2010, but Jacksonville is seeing a slight improvement. Currently the foreclosures and short sales make up 57.2% of the total homes sold for January 2011. That number needs to come down significantly in order to see the prices stop falling. The bottom isn’t here yet. If you’re a buyer with good credit and money to put down, there are a bunch of deals out there, that you couldn’t get even a few years ago!
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!