Jacksonville Florida Market Report
Single Family homes (attached & detached)
September 2011 September 2010
Active Listings: 5,379 Active Listings: 7,364
Sold: 631 Sold: 637
Months Inventory: 8.52 Months Inventory: 11.56
Welcome back to another month of real estate market stats for Jacksonville Florida. Last year in September there were 1,985 more house available for sale, than this year in September! Running neck and neck with the amount sold in September 2010 and September 2011. Foreclosures and short sales in Jacksonville are at 41.2% of the total homes sold, which is down about 2% from August 2011. The average price in Jacksonville, in September 2011 is $518,329, while in September 2010, the average price was $471,954. The biggest difference was in the price range of 800k and up, but there were increases in most of the different price ranges. Does this mean we have reached the bottom yet in Jacksonville? The inventory level still suggests we are in a buyer’s market, so once we see that level decrease some more, to where we are seeing a more balanced market (around 6 months of inventory), the bottom will be near. With that said however, we never know when we are at the bottom, until we have started back up…….
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!