Text Sizes: A A A

News Release

« Back

For Immediate Release                    
Jan. 25, 2010
 
Contact: Melanie Green, Communications Director
MGreen@NEFAR.org
Voice (904) 394-9494, ext. 1204
Fax (904) 398-8025

NEFAR Announces December 2009 Real Estate Housing Statistics
Closed sales up nearly 15 percent from December 2008, pending sales up 48 percent, sale prices down almost 19 percent. 
 
JACKSONVILLE, F
la. - The Northeast Florida Association of Realtors (NEFAR) announces real estate market statistics for December 2009.

Home sales in the region continued on a hot streak, with closed sales for the month up 14.6 percent over December 2008. Pending sales for the same time period also increased 48.3 percent.

 

Strong sales and falling supply have helped bring the Months Supply of Inventory down to 11.0, a decline of 33.4 percent from a year ago and a sign that the market is moving slowly back towards equilibrium. A market is considered balanced when there is a five-to-six months supply of available homes for purchase.

 

Lender-mediated properties (foreclosures and short sales) continue to play a major role in the housing market, with 571 of the 1,287 homes sold in December being lender-mediated. While the median price for traditional home sales was down 8.6 percent from December 2008 to December 2009, the median for lender-mediated properties during the same time frame was down 17.9 percent. The falling sales prices continue to increase affordability levels.

 

These figures, along with many others, are included in the FREE statistics packages available on the Newsroom | Market Stats tab of www.NEFAR.com. The statistics packages include a monthly report summarizing all activity for NEFAR's entire service area plus *partial information for St. Johns County and Nassau County. FREE foreclosure/short sale reports are also available in the same area of the site.

 

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 5,500 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 market and foreclosure/short sale 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.