There are currently 10,982 non-condo listings on the market in the Jacksonville area that we track. This is down 2% from last week. Pendings have remained relatively steady since last week. Our Jacksonville Florida Real Estate Pendings ARE UP 17% OVER LAST YEAR THIS TIME! At the same time the number of Jacksonville homes for sale has gone down 8%.
There are, however, fewer homes sold in the past 30 days and the past year than this time last year. This is perhaps a reflection of a higher fall-out rate and longer periods under contract than last year.
In the area of short sales and foreclosures, 32.5% of all homes sold in the past 30 days were short sales or foreclosures.
Short sales and foreclosures continue to drive down the price of homes in the area while activity seems to be up.
