The Northeast Florida Association of Realtors’ market statistics for August. Statistics combine single-family residential and condo sales.
Total closed sales: 1,516
Year to date: +1.7 percent
Traditional sales: 914 (61.3 percent)
Lender-mediated sales: 602 (39.7 percent)
Median price: $141,750
Year to date: +4.8 percent
To August 2011: +3.5 percent
Average price: $196,294
Year to date: +5.6 percent
To August 2011: +9.9 percent
Inventory: 8,915
August 2011: 12,804 (-30.4 percent)
Average time on market: 110 days
Year to date: 113 days
Pending sales: 2,011
Year to date: +15.5 percent
To August 2011: +34.3 percent
Analysis
NEFAR President Dane Leslie: "A return to a normal inventory level, combined with faster sales and steady sales price increases, has resulted in a substantially more stable 2012 real estate market. We are also seeing far less lender-mediated properties entering the market; only 760 of the 2,239 new listings in August were lender-mediated."