Jacksonville Florida Real Estate Market Report October 2013

Jacksonville Florida Real Estate Market Report

Single Family homes (attached & detached)

October 2013             October 2012

Active Listings: 4267        Active Listings: 3936

Sold: 861                     Sold: 743

Months Inventory: 4.96      Months Inventory: 5.3

Average Price: 502,151      Average Price: 603,920

I don’t mind seeing the inventory levels go up some, especially when I also see that the homes sold in Jacksonville, also increased as well for the month of October. A tiny improvement on the months inventory over last year in October. To put it into perspective, in October 2011, the months inventory was 9.8 months. That’s almost double what it currently is. The median sales price for October 2013 is $134,700. In October 2012, it was $117,00. That’s a 15.1% increase. That doesn’t mean that all values across the board have risen by 15% though. Each neighborhood is different, heck every house is different. If you want to see what is selling in your neighborhood, fill out the form what’s my home worth? I’ll send you all the information about what is available, under contract, withdrawn, expired and sold in your neighborhood recently, within 24 hours.

Jacksonville Florida Real Estate Market Report October 2013

And now for a Blast in the Past…………..

Jacksonville Florida Real Estate Market Report October 2012

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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Every neighborhood and house is different, want to know what these numbers mean to you when selling your Jacksonville Florida Home? Call me at 904-910-3516 and find out!