The Northeast Florida Association of Realtors' market statistics for February. Statistics combine single-family residential and condo sales.
Total closed sales: 1,396
February 2012: +11.5%
Traditional sales: 787
Lender mediated: 609
Pending sales: 2,055
February 2012: +36.9%
Median price: $135,025
February 2012: +15.7
Inventory: 7,914 homes
February 2012: -31.5%
Days on market: 103
February 2012: 121
Analysis
2013 NEFAR President Carol Zingone says, "Northeast Florida's market is in an upward cycle, with prices and sales steadily increasing. Pending sales are an interesting indicator to watch. While lack of mortgage qualifications or other issues mean that not every pending sale will result in a closed sale, the intent is clear; people want and are buying homes."