Jacksonville Florida Real Estate: Market Report April 2011

Jacksonville Florida Market Report

Single Family homes (attached & detached)

April 2011

April 2011 April 2010

Active Listings: 6,175 Active Listings: 7,069

Sold: 732 Sold: 776

Months Inventory: 8.44 Months Inventory: 9.11

The months inventory is slowly marching down in April. In March 2011, we saw 8.94 months inventory, so slight improvement. Foreclosures and shorts sales, saw a small drop at 50.68%, from last month's 53.21%. Last year in April, the short sales and foreclosures made up only 23.45% of the homes sold.

April 2011

And now for a Blast in the Past…………..

April 2010

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned).

Sold Short Sales– How many homes sold, that were short sales

Want to know what these numbers mean to you when selling your Jacksonville Florida Home? Call me at 904-910-3516 and find out!