Jacksonville Florida Market Report
Single Family homes (attached & detached)
March 2012 March 2011
Active Listings: 4,748 Active Listings: 6,407
Sold: 773 Sold: 716
Months Inventory: 6.14 Months Inventory: 8.94
Average Price: 469,246 Average Price: 475,507
Well there you have it folks, March was a balanced market teetering into a seller’s market (Inventory under 6 months is considered a seller’s market). The price point of 0-150k was in a seller’s market for March. Over a 1600 drop in inventory over March 2011! Buyers: the time to buy is here, especially in the 300k and below price point. Sellers: Less inventory, means less competition. Price it right and have your Jacksonville Home in great selling shape. Your house will get noticed! Did you know, in March 2005, there was an inventory level of 2,549, with 1,053 homes sold in Jacksonville in March 2005? Months inventory was 2.42. Wow! Honestly, I never want to see it like that again, cos I know what happens after that. 🙂
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!