Good for Florida. Good for Jacksonville Real Estate. 28 Months of Straight Growth.
by Donny Mak
on Wednesday, April 23rd, 2014 at 1:00am.
Florida enjoying 28 straight months of market growth.
By: Alan Aptheker
What’s good for Florida is almost certainly good for the Jacksonville Real Estate market. The National Association of Realtors (NAR) reported this week that Florida's housing market sustained higher median prices, more new listings and a comfortably stable inventory in the month of March. Single family home sales for last month: 20,081. That’s a gain of 2.8 percent over the March 2013 figure.
Most significant perhaps, is that March signaled the 28th consecutive month that Florida median sale prices rose, both for single family and townhome/condos.
Statewide median sales price for single-family existing homes in March: $173,000, a gain of 7.1 percent over 2013. Townhome/ condo median price was $140,000, up 16.7 percent over 2013.
And there seems to be a short sale “attitude adjustment” taking place, according to experts. Short sales decline when prices go up. Why? Price increases tend to reduce the need to do a short sale in the first place.