7801 Deercreek Club Rd., Jacksonville, FL 32256

July 10, 2014

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

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

NEFAR Reports June 2014 Housing Sales
Closed sales, pending sales and sale prices all show increases. More sellers listing homes but strong sales keeping inventory nearly flat.

JACKSONVILLE, Fla. - June 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.

More home sellers are deciding to make their move and 3,056 new listings hit the market in June. This figure is 9.5 percent more than June 2013 and a 13.2 percent increase year to date. Out of the 3,056 new listings, only 753 (24.6 percent) were lender mediated properties; welcome news that reflects a strengthening market.

Month's supply of homes for sale is now 5.1; at the low end of the five- to six-months that is considered a balanced market. There were 12 percent of properties that sold for more than the original list price, indicative of the competition for available properties that currently exists in Northeast Florida.

Closed sales were strong, coming in at 2,131 - a 6.7 percent increase over last June and up 4.6 percent year to date. Pending sales were 2,321, a 25.1 percent uptick from a year ago and a 11.3 percent year to date increase.

The median sales price notched upward to reach $168,000 - 5.7 percent higher than a year ago and a 3.4 percent increase year to date.

Days on market was 82, the same as June 2013.

The percentage of overall sales that were lender mediated was 32.2 (688 lender mediated versus 1,443 traditional); a decrease from June 2013's 37.3 percent.

2014 NEFAR President Linda McMorrow says, "The greater market confidence shown by more sellers listing their homes is exciting. On the opposite end of the hopper are robust sales, however, resulting in an overall inventory of only 9,947 homes."

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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