Jacksonville Housing Market is Still Going Strong!

Many of us Realtors in Jacksonville have all agreed that 2014 has been a great year thus far, and the local market stats for June support that.  

  - Photo courtesy James Willamor - talented photographer -

Property Sales Stats in Jacksonville FL:

Some of the more interesting stats from our local MLS.  These are June 2014 stats and cover the full Northeast Florida area.  

• New Listings to hit the market in June:  3,056.  That's 9.5% more than June 2013.  (we need more listings, so this is a very good things!)
• Lender Mediated new listings / Foreclosures / Short sales:  753 in June, which is 24.6%.  We all see this number coming down, but short sales are here to stay for a while in Jacksonville as we still have 40% of those with mortgages upside down!  
• Closed Sales:  2131!  That's a 6.7% increase over June of 2013.
• Lender mediated sales:  32% of Junes sales were foreclosures and short sales.  Big number...and good to see the banks moving this inventory off the books.  
• Pending sales:  2,321.  This is the number of properties that are already under contract and have made it through most all contingencies and just waiting to close.
• Median Price:  UP TO $168,000.  This is great news for all us property owners as rising waters raise all ships.  AKA - Home values are going up in Jacksonville!
• Days on Market:  Average is 82 days.  Not bad, but not a blistering pace either.  
• Total homes on the market:  9,947.  
• Months supply of homes:  5:1 ratio, which is considered a balanced market, neither a Sellers market or a Buyers market.  Rare to be sitting in the middle, and I'm betting we swing one way or the other within the next few months.  

This is all good news for the housing market in Jacksonville as it shows stability has returned.  

Thanks for stopping in!