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News Release

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Oct. 14, 2013

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

2013 NEFAR President
Carol Zingone
Voice (904) 993-9048

NEFAR Releases September 2013 Housing Sales Results
1,691 closed sales up 25 percent from a year ago, down slightly from past several months. Less than 35 percent of sales are now lender mediated. Sales averaging just 80 days.

JACKSONVILLE, Fla. - September 2013 real estate market statistics are now available from the Northeast Florida Association of Realtors. Except where otherwise indicated, statistics reflect combined results for single-family residential and condominium properties.

Closed sales of 1,691 during September is a 25 increase from a year ago, although down a bit from the past several months. The share of sales that are lender mediated continues to decline, with 590 sales (34.9 percent) for the month being lender mediated and 1,101 being traditional. Pending sales hit 1,950; up 25.1 from last September.

A $155,000 median sales price is a 17.9 percent increase from a year ago and matches May 2013's median, but is down slightly from June, July and August.

Homes sales are moving at a rapid pace; averaging just 80 days on market until sale. This is a 26.6 percent decrease from last September's 109 days on market.

More sellers are in the driver's seat, with 15.6 percent of homes sold during September closing for more than the listed price. 

NEFAR President Carol Zingone says, "More sellers are beginning to list their homes - 2,625 new listings during September - but steady sales activity is keeping inventory at less than five months' worth. Competition for properties is the name of the game these days."

For these and numerous other real estate market statistics, take advantage of 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) Annual Reports - 2011 and 2012 are available - give an extensive year in review, with comparisons from the four preceding years included.

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.

*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.

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