Jacksonville Real Estate Market News

Sales in Jacksonville increased over last years numbers. There were 701 "normal" sales and 614 "distressed" sales in September. Inventory dropped an incredible 32%.  Guess what?  We're almost down to a "normal market". When we have a 5-6 month supply of properties on the market, we're considered "normal". In September we were down to a 7 month supply.

Along with the good news, there is some bad news (for sellers anyway). Prices on normal sales dropped 6.5%  and prices on lender mediated (short sales and foreclosures) ROSE 4.5%!!!

So in a nutshell: inventory down. Foreclosure prices up. Normal sales prices down.

We are very close to a "normal" market!!!

60 Minutes Foreclosure Story

This is an amazing segment on people that are walking away from their mortgages. It's not just about that, it's very educational as far as the numbers go. It's unbelievable how many people are "underwater" right now.

Are you in trouble with your mortgage? Don't walk away! Let's salvage some of your credit with a short sale.

Call if I can help.


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