Jacksonville Florida Market Report
Single Family homes (attached & detached)
July 2011 July 2010
Active Listings: 5,709 Active Listings: 7,437
Sold: 625 Sold: 680
Months Inventory: 9.13 Months Inventory: 10.94
We see a slip in the wrong direction in July from June 2011. The inventory level in Jacksonville is going down, but the total homes sold in Jacksonville, have seen a slight drop. Still not to be concerned, we saw a huge improvement from July of 2010. Foreclosures and shorts sales, make up around 42.4%, down by 3.6%.
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!