The Market Continues to Show Positive Trends in 2019!!!

April 30, 2019

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The Northeast Florida Association of Realtors market stats for March 2019 shows continuing positive trends in the residential real estate market. There were 2,979 pending sales in March which is up 2% over last March. We are up 5% comparing the 1stquarter to the same period last year.

 

There were 2,459 closings in March which is down 7% from last March. The closings are up 0.4% in the first quarter over the previous year.

 

The median sales price of $229,900 is up 2% over last March and the average sales price of $267,500 is up 0.1%.

 

There were 3,908 new listings in March which is up 1% over last March. There were 9,162 homes available for sale in March which is up 4% from last March. Our months supply of inventory available stayed the same at 3.6 months.

 

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Jacksonville Real Estate Trends: The Housing Market Is Blooming For Spring Time

March 25, 2019

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The northeast Florida real estate market seems to be coming out of the winter doldrums and heating up for spring. We have written more contracts in the first two weeks of March in our office than in the entire month of February.

 

In the Northeast Florida Association of Realtors Market Stats for February 2019, pending sales of 2,454 are up 5% over February 2018. There were 1,956 closings which is up 1%.

 

There were 3,351 new listings which is up 4% over last February. The inventory of homes for sale is 8,942 which is up 5% over last February. We continue to have a 3.5 months supply of inventory which is still a little below a balanced market of 5 to 6 months supply.

 

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Jacksonville Real Estate Trends: Pending Sales are Up to Start 2019!

February 25, 2019

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The Northeast Florida Association of Realtors market stats for January reflect the slower real estate market late last year with 1,590 closings in January which is 3% fewer than the 1,638 closings last January. However, the pending sales of 2,197 are up 6% over the 2,070 pending sales in January 2018. The buyers are out and writing contracts.

 

The inventory situation is slightly better for the spring buyers. There were 3,267 new listings in January which is up 10% over the previous year. There were 8,798 homes available for sale which is up 7%. There are 3.5 months supply of inventory available compared to 3.4 months last year. Five to six months supply of inventory is a balanced market.

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Davidson Realty