October 2012 was another strong month for the housing market in Jacksonville,
FL and below are some highlights. The numbers reflect the totals for Oct. 2012 and the percentage change as compared to Oct. 2011.
Total Jacksonville/NE Florida Market
New Listings: 2,206; +1.8%
Closed Sales: 1,489; +19.3%
Median Sales Price: $137,950;+7.9%
Inventory of Homes For Sale: 8,667, -30.5%
Because potential Sellers are showing reluctance to putting their homes on the market right now, in most areas within our market the # of new listings is not keeping pace with the # of sales so inventory levels are dropping.
Northwest St. Johns Region (includes neighborhoods of Durbin Crossing, Julington Creek Plantation, Aberdeen, St. Johns Golf & Country, Johns Creek, Cimarrone, South Hampton, St. Johns Forest and others)
New Listings: 180; -5.3%
Closed Sales: 125; +22.5%
Median Sales Price: $201,000; +4.0%
Inventory of Homes For Sale: 675; -21%
In this region while the # of listings are down over last year, closed sales are considerably higher. New construction accounts for a large majority of the closed sales and since many new construction homes are built on demand they are not listed in the MLS and are therefore are ot counted as part of the existing inventory. While there was new construction last October, the volume was considerably higher this October.
Please contact me if you would like market details for your Jacksonville or St. Johns neighborhood, and check back here for November statistics in a few weeks.
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