Davidson Realty, Inc.

November NEFAR Stats Show Pricing Continues to Stabilize

December 17, 2009

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Posted by in Northeast Florida Market Trends

The Market Statistics provided by the Northeast Florida Association of Realtors for November, 2009 continue to show encouraging trends. Even though we do not have a full year of data, the number of closings on homes in Northeast Florida for 11 months of 2009 already exceeds the number of closings in 2008. The previous year numbers were:
2005: 24,367 closings
2006: 22,366 closings
2007: 16,775 closings
2008: 12,604 closings

The closings year to date for 2009 are 12,925, and, based on the numbers we have seen in the past few months, we expect the 2009 grand total with December’s numbers to be over 14,000 closings .

As for monthly pending sales, I believe we will continue to see some inconsistencies. Pending sales for November 2009 are 1,343, which is a 59.1% increase over November 2008. However, the November 2009 pending sales are about 200 less than the number we saw in September and October 2009. Read more

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