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For Immediate Release
Dec. 13, 2012

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

NEFAR President
Dane Leslie
Voice (904) 288-6205

NEFAR Releases September 2012 Real Estate Figures
Just five months of supply now on hand, closed sales up 14.5 percent for month and 5.2 percent year to date.

JACKSONVILLE, Fla. - The Northeast Florida Association of Realtors announces real estate market statistics for November 2012. Statistics encompass both single-family residential and condo sales, combined.

The momentum for Northeast Florida's real estate market continues on a upward track. During November, pending sales were up 47.5 percent over last November and showed a 16.5 percent increase year to date.

There were 1,428 homes sold during November, 825 of which were traditional sales and 603 (42.2 percent) which were lender-mediated. These numbers represent a 27.3 percent increase in traditional sales over last November but only a .7 percent increast in the amount of lender-mediated property sales.

The median for traditional properties during November nudged downward 2.5 percent from last year (from $179,500 to $175,000) while the median for lender-mediated properties jumped 13.9 percent from a year ago (from $79,000 to $90,000). Overall, the median sales price for November was dead even with last November: $131,000. Year to date, however, the median price is $135,000; a 5.5 percent increase during 2012.

NEFAR President Dane Leslie says, "Traditional hom sales continue on the upswing plus lender-mediated properties are being cleared out. With just over five months of supply now on hand, consumer demand is definitely driving prices and we expect to see these prices increase due to the stabilized inventory levels."

For extensive market statistics, see the FREE market reports available on the Newsroom | Market Stats tab of www.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) The 2011 Annual Report provides an extensive review of all 2011 activity, with comparisons from 2007 forward.

*As all Nassau and St. Johns County Realtors are not participants of the NEFMLS, reports provided to 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 4,900 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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