Jacksonville Home Prices Up Nearly 20% in November

13 12 2013

The median sales price for homes in Jacksonville took a nice bump in November — rising nearly 20 percent year over year.

The median sales price last month was $154,000, up 18.9 percent from November 2012, according to the latest data from the Northeast Florida Association of Realtors (NEFAR.)

“November’s numbers are encouraging and show a substantially stabilized market,” NEFAR President Carol Zingone said in a news release. “Lender mediated properties are declining, and while prices have risen to the point where sellers are getting more of a return on their investment, prices overall are still within reach for most buyers.”

Here are some other key figures from the report:

  • Closed sales were 1,531, down 1.9 percent.
  • Inventory of homes for sales was 9,203, down 10.7 percent.
  • Months supply of inventory was 4.9, down 26.9 percent.
  • Pending sales were up 14.7 percent, to 2,357.
  • New listings were up 21.9 percent to 2,357.

Source: Northeast Florida Association of Realtors and Jacksonville Business Journal

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