April 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 March 2015 Real Estate Results
March comes in like a lion: 2,241 closed sales up 18 percent from a year ago and 2,752 pending sales up 30 percent from March 2014. Median sales price is $160,000.

JACKSONVILLE, Fla. - March 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.

Northeast Florida's weather wasn't the only warming trend during March, as regional home sales markedly heated up as well. Closed sales ended the month at 2,241; an 18 percent increase over March 2014 and the largest number of monthly closed sales so far in 2015 (closed sales were 1,396 in January and 1,584 in February).

Pending sales also spiked up strongly in March to reach 2,752. This figure is nearly 30 percent higher than pending sales a year ago and up from 2,341 pendings in February and 2,093 in January.

The median sales price for the month was $160,000; a slight increase (.8 percent) over March 2014.

Low inventory continues to be the name of the game, with 9,487 properties on hand, which equates to 4.5 months' worth. A little over 12 percent of properties sold during March went for more than the original listing price; attributed to demand.

Days on market notched upward a bit to hit 92; a 4.5 percent increase from 88 days a year ago.

2015 NEFAR President Sally Suslak said, "The traditional spring buying/selling season was clearly in evidence during March. With 48 percent of our current inventory (4,509 homes) being listed at less than $200,000 and 68 percent (6,434 homes) at less than $300,000, it's a great time to buy."

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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