Jacksonville Florida Real Estate: Market Watch April 2008 & 2007

Current conditions for Jacksonville Florida April 2008 & 2007

Here’s what Jacksonville Real Estate in April 2008 looked like:

Current # of listings available April 2008	7601
Average # of sales per month (homes that went under contract not sold)	736
Ave days on market (under contract homes, not sold)-	127.16
Remaining # months inventory	10.33
Selling price % of list price (original list price) (these were homes that sold and closed in April 2008)	89.2%

Here’s what Jacksonville Real Estate in April 2007 looked like:

Current # of listings available April 2007	6845
Average # of sales per month (homes that went under contract not sold)	809
Ave days on market (under contract homes, not sold)-	97.68
Remaining # months inventory	8.46
Selling price % of list price (original list price) (these were homes that sold and closed in April 2007)	93.52%

I’m seeing a trend for real estate in Jacksonville, Florida. The homes going under contract are starting to increase and the remaining amount of inventory is decreasing since January 2008. This is a good sign, however it doesn’t neccesarily mean we’ve reached the bottom. Normally in Northeast Florida, we start to see an increase in activity in March and as we get closer to school letting it out, the activity becomes more brisk. This could be what we’re seeing. It’s strange to say this, because 2007 was brutal for sellers, but the numbers in 2007 still look better than 2008.The gap should start to shorten in the coming months. If you would like to see what homes are selling for in Jacksonville, please visit our Jacksonville Florida property search.

These figures are based on residential homes (single family, town homes & attached). They exclude condos, commercial property and vacant land. It also does not include Jacksonville beach, Atlantic Beach or Neptune Beach. Information is deemed to be reliable, but is not guaranteed.

Pam Graham

904-910-3516

Vanguard Realty, GMAC Real Estate

3168 Highway 17,s

Orange Park, FL 32003

Licensed Real Estate Agent in Florida