According to new statistics, the number of homes sold in Florida and the Jacksonville metro area went up last month even though it dropped nationally. The good news is that between median sales prices that continue to fall across the nation and lower interest rate are giving buyers enough incentive to continue house hunting.
The Florida Association of Realtors announced that home sales statewide rose 24 percent, from 6,810 in January 2008 to 8,450 last month.
In the other hand, median sales prices dropped by 33 percent, from $206,900 in January 2008 to $139,500 in February.
In the Jacksonville market, sales edged up 2 percent, from 571 sales in January 2008 to 580 last month. Median sales values also dropped locally, from $179,100 in January 2008 to $146,400 last month.
Mortgage lenders are offering interest rate as low as 5.375% on FHA or conventional programs.
If your client is looking for a home now and needs down payment assistance, you should recommend the H2H down payment assistance program from the City of Jacksonville. Easy to apply and to close it. For more information go to www.coj.et.
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