Jacksonville Florida Market Report
Single Family homes (attached & detached)
March 2011 March 2010
Active Listings: 6,407 Active Listings: 6,888
Sold: 716 Sold: 769
Months Inventory: 8.94 Months Inventory: 8.96
We are not seeing much of a change from March this year, versus March of last year, but we did see 169 more homes sold this month than in February 2011. Typically anything thing over 6 months of inventory is considered a buyer’s market, and at 6 months, it’s a balanced market. Since March is the start of our hotter real estate season, we should see the months inventory level to decrease some. The foreclosures and short sales in Jacksonville make up 53.21% of the total homes sold in March 2011. While last year in March, they only made up 23.54%.
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!