2009 Jacksonville Real Estate Market Better than 2008

The overall Jacksonville market has greatly improved since last year. In comparing June '09 vs. June '08 we have :

12.05% less homes on the market (less competition)
6.08% increase in sales

We currently have 11.2 months of inventory on the market given the current amount of homes on the market and the sales level (= 22,290 homes / 1990 sales). While it went up slightly from last month, June & July 2009 months of inventory numbers are the lowest they have been for over 2 years. In fact it looks liked it peaked between August 08 and February 09 and has been descending slowly since.

Anywhere above 6 months is still indicative of a buyer's market. So there is a still a good deal of homes that need to be cleared before we are back at a normal market. But it does look like it is getting better slowly but surely.

Date: 2009-08-21 02:22:00
Views: 269