Feb. 9, 2015

Staff Contact
Melanie Green, Communications Director
MGreen@NEFAR.org
Voice (904) 394-9139
Fax (904) 398-8025

2015 NEFAR President
Sally Suslak
SallySuslak@juno.com
Voice (904) 707-4373


NEFAR Releases January 2015 Real Estate Sales Numbers
3,000 homes enter for sale market but total inventory still low. Winter slowdown seen in number of closed sales and median price. Slightly more than half of homes for sale priced at less than $200,000.

JACKSONVILLE, Fla. - The January 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.

Sellers found motivation in the New Year and added 3,008 new listings to inventory; 6.8 percent more listings than the previous January. Overall inventory of 9,455 homes equates to 4.6 months supply on hand, less than the five- to six-months considered to be a balanced market. Looking at the 9,455 inventory more closely, slightly more than half (4,840 homes) are priced below $200,000 and 6,803 are priced below $300,000.

Despite good price points, buying action in January - for closed sales at least - was not aggressive and closed sales dropped 7.4 percent from a year ago to hit 1,396. Pending sales were much stronger, jumping 16.7 percent over last January to reach 2,093.

The median sales price was $145,500; the lowest median since February 2014. Days on market increased a bit, reaching 93.

Lender mediated sales accounted for 38.2 percent (533) of the total mix of sales for the month. The share of lender mediated activity for new listings hitting the market was less, at 26.8 percent (806 lender mediated new listings versus 2,202 traditional new listings).

2015 NEFAR President Sally Suslak said, "After the rush to finalize sales before year end to take advantage of homestead exemption and holiday downtime to move, January is often a somewhat sluggish month for real estate. Northeast Florida’s January results were typical in that regard."

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.

About NEFAR
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 6,000 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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