Davidson Realty, Inc.

Jacksonville FL Real Estate Trends in June

July 27, 2010

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Posted by in Northeast Florida Market Trends

DSC_0326The market stats report from the Northeast Florida Association of Realtors (NEFAR) for June 2010 continues to show encouraging trends for Jacksonville Realtors and homebuyers. My favorite trends seen in June are:

PENDING SALES: Pending sales are up in June 2010 by 20% over June 2009 and by 46% over June 2008. Many people expected pending sales to drop dramatically when the housing credits ended in April. The pending sales did decline about 28% in May, but they increased in June about 15% over the May numbers.

CLOSINGS: The closings reported year-to-date through June 2010 are 8,161 compared to year-to-date numbers through June 2009 of 6,377 closings.

SALES PRICE: The median sales price has increased from $135,250 in April to $139,995 in May to $143,090 in June 2010. We are still seeing most of the sales in the lower price ranges but there seems to be stability in the homes priced under $250,000.

DOM: The days a home is on the market before selling has averaged 102 days throughout 2010 compared to an average of 112 days through June 2009.

INVENTORY: The inventory of homes available continues to decline, which is good news. There is a 10.6 months supply of inventory in June 2010 compared to 15.2 months available in June 2009. Five to six months of inventory is considered a balanced market.

ZIP CODE 32092: The average sales price in the 32092 zip code which includes The Neighborhoods of World Golf Village, Murabella, Samara Lakes, Meadows, Heritage landing, St. Johns Golf and Country Club, Wingfield Glen and South Hampton was $193,310 in April, $201,922 in May and $265,180 in June 2010.

If you are considering buying, selling or renting a home, I recommend working with a knowledgeable professional. The transactions we are seeing are more complicated and challenging. To find a good value and get the home to closing, you need someone who can guide you through the process. For more information, please feel free to contact me.

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About the Author
Sherry Davidson
President of Davidson Realty

Since launching Davidson Realty in 1989, Sherry Davidson has built the firm to include nearly 60 agents and exceed $100 million in annual sales. She is known throughout the First Coast as an authority on all things residential real estate, having served on the Board of Directors for Northeast Florida Association of Realtors, Florida Realtors® (a division of the National Association of Realtors), and Builders Care (charitable arm of Northeast Florida Builders Association).

Thanks to Sherry’s leadership, Davidson Realty has been recognized as one of the state’s Best Companies to Work For (Florida Trend Magazine), as well as one of the region's Best Places to Work and 50 Fastest Growing Companies (Jacksonville Business Journal). Get to know Davidson Realty’s talented team of agents by clicking here or call us at (904) 940-5000.

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