Jacksonville Florida Market Report
Single Family homes (attached & detached)
November 2011 November 2010
Active Listings: 5,191 Active Listings: 7,029
Sold: 565 Sold: 541
Months Inventory: 9.19 Months Inventory: 12.99
Average Price: 453,920 Average Price: 464,390
As the end of the year is fast approaching, the stats for Jacksonville are continuing to improve. We see a decrease in November’s inventory over October 2011 and an increase of the number of homes sold. Also, you’ll notice I added the average price back into the mix again, which will give you an idea of what the overall market is doing in all the price ranges combined. With the national unemployment rate seeing a drop, we should continue to see the real estate market in Jacksonville, continue to improve.
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!