02/17/2016
Little Change in Trends Shown in January Northeast Florida Housing Sales
~ 1,535 closed sales; three percent more than Jan. 2015 but less than many months during 2015
~ 2,141 pending sales, up 9.7 percent from a year ago
~ $165,000 median price; a jump of 14.6 percent over January 2015’s $144,000 median
~ average sales price $207,774
~ nearly 12 percent of homes sold for more than the original listing price
~ 3,010 new listings were added to the market
~ 8,874 in inventory (3.8 months’ worth)
~ inventory for year-end January 2015 was 5.4 months, nearly 30 percent more than Jan. 2016
2016 NEFAR President Terrell Newberry said, “January is historically a slower sales month after the end of the year rush to finalize closings, but 1,535 sales is on par for the month, particularly when inventory is so low.”
NEW REPORT FEATURE! Starting with the Jan. 2016 reports, NEFAR now includes Local Market Update county level reports for Baker, Clay, Duval, Nassau, Putnam and St. Johns county (one page reports per each county). The new county level summary reports are at the end of the Monthly Indicators report.
Full market reports on http://www.NEFAR.com (Market Stats icon).
