Jacksonville Home Prices Up 8 Percent in December

5 02 2013

Home prices in Jacksonville continued to rise in December 2012, posting an 8 percent increase compared to home prices in December 2011, including distressed sales, CoreLogic reports.

The report shows a 1.7 percent month-over-month increase from November 2012.

The Northeast Florida Association of Realtors reported the inventory of homes for sale in December was down 33 percent.

Excluding distressed sales, CoreLogic said year-over-year prices inched up 4 percent in December 2012 when compared to one year ago, and on a month-to-month basis, home prices increased by 1.3 percent in December 2012 when compared to November 2012.

According to the report, Florida had the second-largest peak-to-current decline at 43.5 percent.

Nationwide, home prices, including distressed sales, rose 8.3 percent in December 2012 — the 10th consecutive monthly increase.

Source: Jacksonville Business Journal

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