Jacksonville ranks 4th in Best Performing U.S. Home Sale Market in January

8 02 2011

Metro Jacksonville was the fourth highest performing home sale market in the nation in January, according to Clear Capital’s monthly home data index report.

The report, released Thursday, analyzes how local markets compare with the national trend in home prices.

Home prices in Jacksonville improved by 3.5 percent quarter-over-quarter, according to the report, though they were down nearly 8 percent year-over-year.

Real-estate-owned saturation, which Clear Capital defines as the percentage of REO properties sold compared with all properties sold in the last rolling quarter, was nearly 30 percent in Jacksonville.

“This recent national change in price direction is encouraging for the overall housing sector, yet it is still too early to determine whether this current uptick in home prices is a temporary reprieve or the start of a sustained recovery,” Alex Villacorta, senior statistician at Clear Capital, said in a news release.

The highest performing market, the Cleveland metro area, improved by 8 percent.

Orlando was No. 13 on the list of top performing markets, with a quarter-over-quarter increase of almost 1 percent in home prices. The Miami area was No. 15, with a decline of 0.4 percent.

Source: Jacksonville Business Journal



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