The Northeast Florida Association of Realtors' market statistics for December. Statistics combine single-family residential and condo sales.
Total closed sales: 1,555
Year to date: +6 percent
To December 2011: +8 percent
Traditional sales: 57 percent
Lender mediated: 43 percent
Pending sales: 1,748
Year to date: +17 percent
To December 2011: +43 percent
Median price: $142,950
Year to date: +7 percent
To December 2011: +14 percent
Inventory: 7,558
To December 2011: -34 percent
Supply: 4.6 months
Days on market: 112
Analysis
2013 NEFAR President Carol Zingone says,"Northeast Florida's inventory of properties for sale is now so low that it is not at all uncommon for sellers to receive offers from multiple competing buyers. This competition is driving up sales prices, with 17.4 percent of property sales in December being for more than the asking price."