Home Prices in Jacksonville, FL for November 2012

Real Estate Market data for Jacksonville, FL provided by NEFAR

Monthly Indicators

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Jacksonville, FL

This November, there was a lot to be thankful for other then a mild winter so far! Jacksonville Home buyers were thankful for historically low mortgage rates and still-affordable housing prices.

Jacksonville Home Sellers were thankful for an increase in sales, less competition and faster market times.  

Although challenges persist, I see no reason we cannot be a little more optimistic about the upcoming year!  

Here's the local Jacksonville scoop.

New Listings in the Northeast Florida region increased 4.4 percent to 1,921.

Pending Sales were up 47.5 percent to 1,827. Inventory levels shrank 31.5 percent to 8,362 units.

Prices were even with last year.The Median Sales Price held steady at  $131,000. Contact me to find the Median Sales Price for your Neighborhood.

Days on Market was down 9.4 percent to 107 days. Absorption rates improved as Months Supply of Inventory was down 40.8 percent to 5.1 months.  That is exciting for the market place!

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