Jacksonville Florida Market Report
Single Family homes (attached & detached)
May 2011 May 2010
Active Listings: 6,014 Active Listings: 7,178
Sold: 662 Sold: 772
Months Inventory: 9.08 Months Inventory: 9.30
Okay, May’s months Inventory made a step in the wrong direction from April 2011, but still an improvement over May 2010. Some more good news, the foreclosures and short sales sold in Jacksonville, dropped to 45% of the homes sold in May 2011. As short sales become easier to complete and in less time, we will see less foreclosures, than short sales. Right now, many sellers are throwing their hands up in defeat after failed attempts at short selling their homes.
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!