Jacksonville Real Estate Market Statistics
- Active Listings in the Jacksonville Real Estate Market (non-condo)today- 10,465
- Active Listings in the Jacksonville Real Estate Market, one year ago- 11,780
- Pending Listings in the Jacksonville Real Estate Market (non-condo) today- 1,906
- Pending Listings in the Jacksonville Real Estate Market, one year ago - 1,550
- Percentage of active listings that are distressed properties - 24.96%
- Percentage of active Jacksonville real estate listings that are straight resales - 64.03%
Jacksonville Real Estate Market Inventory Levels
- Months of Inventory in Jacksonville Real Estate Market today Based on sales for the past year - 12.89
- Months of Inventory in Jacksonville real estate market, one year ago, based on sales for prior year - 11.72
- Months of Inventory in Jacksonville Real Estate Market today Based on sales for the past 30 days - 19.90
- Months of Inventory in Jacksonville Real Estate Market, one year ago, Based on sales for the prior 30 days - 20.38
Jacksonville Active-to-Pending Ratios
- Active-to-Pending Ratio for overall Jacksonville Real Estate Market today- 18.21%
- Active-to-Pending Ratio for overall Jacksonville Real Estate Market, one year ago - 13.16%
- Active-to-Pending Ratio for straight resales in the Jacksonville Real Estate Market - 9.18%
- Active-to-Pending Ratio for Distressed Properties (Jacksonville Short Sales and Jacksonville Foreclosures) - 37.14%
Jacksonville Real Estate Market Sales Breakdown
- Percentage of Jacksonville Real Estate Sales past 30 days that were distressed properties - 45.25%
- Percentage of Jacksonville Real Estate Pendings that are distressed properties - 50.89%
- Percentage of Jacksonville Real Estate Sales past 30 days that were straight resales - 42.21%
- Percentage of Jacksonville Real Estate Pendings that are straight resales - 9.18%
Summary of Jacksonville Real Estate Market Conditions
Our inventory levels are heading in the right direction. Our inventory levels based on Jacksonville real estate sales for the past twelve months seems to be headed down. At the same time the Jacksonville real estate inventory level based on the past 30 days of sales has gone down as well. Remember, this is the one that is more of a "rapid indicator" of the current market as this number will move faster than the inventory based on the past year as the market picks up. Total listings are down and pendings are up. While only a quarter of the active Jacksonville real estate listings are distressed properties, over half of all homes under contract in the Jacksonville Real Estate market are Jacksonville short sales or Jacksonville foreclosures. There are more Jacksonville distressed properties going to closing right now than straight resales. That is, in general, because the pricing is better and that's what Jacksonville home buyers care about right now...PRICE!
Our pending to active ratio is an encouraging 18.21%. Though it is not in the 50% territory, which would indicate a healthy balance between buyer and seller, it is up more than 5% from last year this time. Our real estate market is healthier now than it was last year and seems to be moving towards balance. The active to pending ratio on distressed properties is almost 40%! This is a fabulous number. This indicates that the Jacksonville distressed property market which includes Jacksonville short sales and Jacksonville foreclosures is moving rapidly towards balance! As the active to pending ratio travels up, it will be harder and harder for the buyers to get an exceptional deal.
