Davidson Realty, Inc.

Update on Market Trends for October 2009

December 1, 2009

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Posted by in Northeast Florida Market Trends

Sherry DavidsonwebAfter reviewing the Northeast Florida Association of Realtors October Market Stats, I continue to see real estate in Jacksonville, FL stabilizing.

The pending sales in October are up 79% over last year, but that is misleading unless you put into context what the market was like last October. If you remember, the country was experiencing a financial market meltdown. The pending sales are good and improving every month. August pending sales were 1, 479, September was 1,535 and October was 1,729. That is a terrific trend.

The prices of homes in Northeast Florida seem to be stabilizing. The median sales price for August, September, and October were $149,900, $145,000, and $146,000. The average prices for the same months were $179,411, $175,108 and $179,205. The year to date average sales price is down about 20% from last year. Read more

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