Jacksonville Homes Sales and Prices Up in 2012

6 02 2013

Jacksonville home sales and home prices were up last year, according to the Northeast Florida Association of Realtors report for 2012.

Closed sales, which have been rising steadily since 2008, increased again by a little more than 1,000 in Northeast Florida.

The median and average sales prices, both of which dropped in 2011, went back up again: $133,500 median and $179,482 average.

Those prices are still being pushed down by the number of distressed sales. Foreclosures and short sales usually bring significantly lower prices: The median price for a distressed sale was $87,633 compared to $179,570 for a traditional sale from one owner to another.

But distressed sales are dropping, from 52 percent of all sales in the area in 2010 to 43 percent last year.

Source: The Florida Times-Union

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