The Northeast Florida Association of Realtors' market statistics for January. Statistics combine single-family residential and condo sales.
Total closed sales: 1,274
January 2012: 1,018
Traditional sales: 702
Lender mediated: 572
Pending sales: 1,997
January 2012: 1,361
Median price: $136,000
January 2012: $110,000
Inventory: 7,816 homes
To January 2012: -31.7%
Days on market: 101
January 2012: 120
Analysis
2013 NEFAR President Carol Zingone says, "Northeast Florida's greatly reduced inventory of homes has become a significant factor for potential home buyers, with competition for properties and upticks in price being the result. More than one third (36.2 percent) of all sales in January closed for more than the listing price. It's the basic rule of supply and demand in strong play."