7801 Deercreek Club Rd., Jacksonville, FL 32256

Sept. 11, 2015

Staff Contact
Melanie Green, Communications Director
Voice (904) 394-9139
Fax (904) 398-8025

2015 NEFAR President
Sally Suslak
Voice (904) 707-4373

Strong Northeast Florida Housing Sales Activity Continued in August
2,271 homes sold in August with median sales price of $171,320. Days on market average is 75 and inventory still low.

JACKSONVILLE, Fla. – August 2015 housing sales reports are now posted by the Northeast Florida Association of Realtors on NEFAR.com. Except where otherwise indicated, statistics reflect combined results for single-family residential and condominium properties.

Strong real estate market activity continued in August, with 2,271 homes changing hands in Northeast Florida; a 4.3 increase from a year ago. Year to date, there have been 17,923 home sales in NEFAR's coverage area, a 12.1 percent increase from year to date 2014.

Median sales price for August was $171,320, up 7.1 percent from a year ago but a drop from the past couple of months (July's median was $181,000 and June's was $183,590).

Pending sales topped out at 2,649; a 26.1 percent increase from a year ago.

Sellers added 3,110 new listings to the mix in August, but overall inventory of 9,510 is still 15.6 percent less than a year ago and equates to 4.2 months on hand. A balanced market is considered to be five- to six months of inventory.

Homes sold in an average of 75 days in August, 8.5 percent quicker than a year ago.

In addition to homes selling quickly, the bulk of sellers (94.5 percent) sold their home for their original listing price.

NEFAR President Sally Suslak said, "Northeast Florida’s real estate market throughout the spring and summer has been bustling, with buyers snapping up properties quickly and sellers realizing good returns. With inventory turning over rapidly, we would love to see more sellers enter the market to meet demand."

For these and numerous other real estate market statistics, take advantage of the FREE market reports available on the Market Stats tab of NEFAR.com. Three reports are available: 1) The Monthly Indicators and Housing Supply Overview Report summarizes complete activity for NEFAR's entire service area plus *partial information for St. Johns County and Nassau County. 2) Lender Mediated sales reports offer a targeted look specifically at lender mediated sales and how they compare to traditional sales. 3) Annual Reports - 2011, 2012, 2013 and 2014 are available - give an extensive year in review, with comparisons from the four preceding years included.

*As all Nassau and St. Johns County Realtors are not participants of the NEFMLS; reports provided do not represent the full extent of Realtor sales in those counties.

The Northeast Florida Association of Realtors provides professional development, political advocacy, professional standards administration, media relations, and promotional activities and exchange of information among its members. NEFAR serves as the voice for real estate in northeast Florida; serving the public through efforts to protect private property rights and community affairs programs. NEFAR is Northeast Florida's largest professional association, comprising more than 6,500 members working in all facets of the real estate industry, including residential and commercial sales as well as property management. All statistics in NEFAR's reports are based on data compiled from NEFAR's wholly owned subsidiary, the Northeast Florida Multiple Listing Service (NEFMLS). NEFAR is headquartered in Jacksonville, with satellite Service Centers in Orange Park, Jacksonville Beach, Palatka and World Golf Village.

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