Jacksonville Florida Market Report
Single Family homes (attached & detached)
June 2012 June 2011
Active Listings: 4,391 Active Listings: 5,848
Sold: 757 Sold: 769
Months Inventory: 5.8 Months Inventory: 7.6
Average Price: 479,349 Average Price: 484,278
Jacksonville’s real estate market has hit a balanced market in June! As you saw last month in May we were approaching that 6 month mark and this month we are under. Great news for our area. Inventory levels coming down and more homes are selling. There are some neighborhoods, seeing a positive upswing in prices or at least not plummeting, like they have been for the past 5 years.
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!