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Jacksonville Real Estate market Statistical Overview Nov. '12


Jacksonville Real Estate market Statistical Overview Nov. '12

Nov Statistical Market Overview

Recovery Continues

 

Nice to see a small increase in the number of new listings considering well priced properties are selling despite the usual seasonal adjustments. We have many things to be thankful for this holiday season in the real estate market. Months of inventory and days on market continue to decrease as the factors of supply continue to show an overall decrease and sales continue to increase. Many sellers opt to  remove their properties from the market at this time of the year which given the statistics is NOT prudent. 

Interest rates remain unbelievably low, the FHA loan limits remain unchanged and the renovation and rehab loans available make even a fixer upper affordable.

An important measure to continued recovery will be the renewal of the Mortgage Debt relief act and continuing the mortgage interest deduction. Please alert your representatives to act on these measures to keep our housing recovery on track. Our market short sales have surpassed the REO market due to measures like these being available.

 Hope you and yours have a wonderful holiday season!

 Rosie Hetman-Clemente

 

 



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