Home Prices in Jacksonville, FL for December 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

It was largely a year of recovery for housing across our nation. Markets resolved

to shed their excess weight, appeal to both existing homeowners and renters

alike, and learn to play nicer with banks. Hey, three for three isn't too bad. But

there's more work to be done. Here's how the final month of 2012 finished up.

Here's the local Jacksonville scoop.

New Listings in the Northeast Florida region decreased 2.1 percent to 1,626.

Pending Sales were up 43.3 percent to 1,748. Inventory levels shrank 33.5

percent to 7,558 units.

Prices rallied higher. The Median Sales Price increased 14.4 percent to

$142,950. Days on Market was down 11.7 percent to 105 days. Absorption

rates improved as Months Supply of Inventory was down 43.3 percent to 4.6  months.

Economic growth is on an upward trend and several prominent housing indices continue to showcase market turnaround. Momentum is on our side, though it

won't necessarily be fast, consistent or universal.

But after five or six challenging years, it's a welcomed change of pace. Plenty of opportunity lies

ahead. Here's to a healthy and prosperous year!

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