Jacksonville Home Sales, Median Prices Drop in January

28 02 2007

The Florida housing market continued its decline in January, and the Jacksonville area was hit as hard as the rest of the state.

Sales of existing single-family homes fell 17 percent in Jacksonville and the median price fell 5 percent to $185,000. The numbers, from the Florida Association of Realtors, did not include data from the Amelia Island-Nassau County Association of Realtors.

The drop in sales was not as severe as the 27 percent drop across the state, but the median price decline was steeper than the state’s 2 percent drop to $239,300.

One of the few bright spots was a livelier market in existing condominiums. While sales of condos fell 30 percent across the state, sales in Northeast Florida rose 10 percent. But the median price fell 13 percent to $147,600. The statewide median price of condos dropped 1 percent to $209,000.

Source: Florida Association of REALTORS



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