November Trends in 2010 for the Jacksonville FL Real Estate Market

“Progress involves risks. You can’t steal second base and keep your foot on first.” Frederick B. Wilcox

This quote captures exactly how I feel about the real estate industry and our Company right now. I see some positive trends and I am planning to start 2011 ALL OUT which is defined as “using all available means or resources.” If we aren’t going to use our resources now, what are we saving them for? It’s time to round second base.

The positive trends in the Northeast Florida Association of Realtors Market Stats for November, 2010 are as follows:

                                      2010 year to date          2009 year to date            Percent change
Pending sales                       15,890                              14,013                                13.4+
Closed sales                          14,548                              13,143                                 10.7+
Days on Market                   103                                    108                                       4.4-

As you can see, Pending Sales and Closings are up year-to-date and the days on the market are down slightly. 

                                    Median sales price 2010                                  Average sales price 2010
September                          $129,950                                                                      $165,855
October                                $135,575                                                                      $168,857
November                           $140,750                                                                     $187,189 Read more