Jacksonville Florida Real Estate Market Report
Single Family homes (attached & detached)
January 2013 January 2012
Active Listings: 3,432 Active Listings: 4,691
Sold: 658 Sold: 606
Months Inventory: 5.22 Months Inventory: 7.74
Average Price: 506,572 Average Price: 389,472
I remember writing up the report last year around this time for January 2012 and I was happy to see that the months inventory had dropped to 7.74. January 2011, the months inventory was 13.45! Wow, what a huge difference. In case you’re wondering what months inventory means, let me explain it to you. 🙂 In the case of January 2013 stats, it would take the active listings of 3,432 about 5.22 months to sell, based on the 658 hones that did sell. When inventory levels are around 6 months, we are experiencing a stable market. Above that, then we are looking at a buyer’s market and below, a seller’s market. So, in two years we went from a large buyer’s market, to now dipping into a seller’s market. What a difference 2 years can make.
Jacksonville Florida Real Estate Market Report January 2013
And let’s rewind by a year…………..
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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