More Signs of Market Improvement in Jacksonville Housing Market

Posted by Donny Mak on Monday, January 7th, 2013 at 1:00am.

Jacksonville Housing Market Update

Jacksonville is mentioned as one of the top five metro areas that should show some growth in several economic indicators, according to the National Association of Home Builders/First American Improving Markets Index (IMI). Those categories include employment, housing prices and new housing permits. Here are some current stats, which are slated to improve, at least for the first six months of 2013. The data comes from the publication, MLS Newsline:

Though new residential listings are down by about 4%, the number of pending and sold properties continue to increase 16% and 4% respectively. Average and median sales prices have increased year over year by 5%, while the number of new distressed sales being in the MLS system have dropped by 10%. Another good indicator for growth, building permits for the third quarter 2012 versus the third quarter 2011 are up by 33%.

All of these are contributing factors that indicate that the market is indeed improving in Jacksonville and surrounding areas.

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