Jacksonville Real Estate Sales Up 70%

Real Estate News

70% increase in sales when comparing November 2009 with 1042 sales to November 2008 with 612 sales. However, the median sales price is down 3% from $154,300 to $149,200 when comring November 2009 to November 2008. This is most likely due to the foreclosures and short sales that have come on the market.

Condo sales went up even more at 116% increase from 61 sales in November 2008 to 132 sales in November 2009. Again median prices fell 32% from $132,100 in November 2008 to $90,000 in November 2009.

The extended tax credit and low interest rates are expected to keep sales at high levels.

Nationwide sales are at the highest level since Feb 2007 (6.55 million) being at 6.54 million units which is 44.1% increase from November 2008 4.54 million units.

Date: Thursday, December, 24th 2009 @ 07:25:00 PM
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