Jacksonville Florida Real Estate Market Report
Single Family homes (attached & detached)
November 2012 November 2011
Active Listings: 3,918 Active Listings: 5,191
Sold: 761 Sold: 565
Months Inventory: 5.15 Months Inventory: 9.19
Average Price: 495,555 Average Price: 453,920
The dipping into the seller’s market in Jacksonville Florida continues folks! Great news for the first coast. Lower inventory and more homes sold is moving us into the right direction. Great interest rates and buyer confidence will help continue this trend as we move into the new year.
I want to point out the column marked: SP/OLP Ratio. That stands for sales price to original list price, which is the percentage of what the home sold for versus what it was originally listed for. In November 2011, we saw one price range above 90%, but in November 2012, we see 4 different price ranges above 90%. This shows us that houses are selling closer to what they were originally listed for.
Jacksonville Florida Real Estate Market Report November 2012
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
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Want to know what these numbers mean to you when selling your Jacksonville Florida Home? Call me at 904-910-3516 and find out!