Jacksonville Florida Market Report
Single Family homes (attached & detached)
May 2012 May 2011
Active Listings: 4348 Active Listings: 6,014
Sold: 702 Sold: 662
Months Inventory: 6.19 Months Inventory: 9.08
Average Price: 474,926 Average Price: 521,678
Right now for the month of May, we are looking at a near balanced market! Last month in April, we were at a months inventory of 6.52. This is great news for Jacksonville home owners and the local economy. Once we see the months inventory continue to go below 6 months, we will start to see the prices going in a positive direction.
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!