7801 Deercreek Club Rd., Jacksonville, FL 32256

Aug. 15, 2014

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

2014 NEFAR President
Linda McMorrow
Voice (904) 626-9900

July 2014 Housing Sales; Little Change From June's Results
There were 2,104 closes sales with a median price of $166,964. Homes selling in average of 82 days.

JACKSONVILLE, Fla. - July 2014 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.

There were no significant dips or spikes between June and July's real estate activity. In July, closed sales came in at 2,104; a little less than June's 2,321 but up 5.3 percent from a year ago and up 5.8 percent year to date.

Median sales price for July was $166,964; slightly lower than June's $168,000 median but up 1.2 percent from a year ago and up 3.3 percent year to date.

There were 2,989 new listings added to the market in July, bringing the overall inventory to 10,019. June's inventory was 9,947. Months' supply of homes for sale is now 5.1; within the balanced market range of five- to six-months.

The average days on market until sale in July was 82; no change from June.

Percent of properties that sold for more than their original list price in July was 11.4; compared to 12 percent in June.

Pending sales continued the nearly flat pattern; topping June's 2,321 by a slim margin to reach 2,335 in July.

In welcome news, the share of sales that were lender mediated was 30.7 percent in July (645 lender mediated versus 1,459 traditional); reducing from 32.3 percent in June and down from July 2013's 34.9 percent. Of the 2,989 new listings for July, only 789 (26.4 percent) were lender mediated.

2014 NEFAR President Linda McMorrow says, "The characterization of Northeast Florida's real estate market these days is steady-as-she-goes. It is wonderful to be able to report on a market that is continuing on a positive, stable course with no major fluctuations."

For these and numerous other real estate market statistics, take advantage of the FREE market reports available on the Newsroom | 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 and 2013 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 5,000 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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