The Northeast Florida Association of Realtors’ market statistics for March. Statistics combine single-family residential and condo sales.
Total closed sales: 1,687
March 2012: +9.5%
Traditional sales: 775
Lender mediated: 912
First quarter sales: 4,541
First quarter 2012: +19.2%
Pending sales: 2,375
March 2012: +41.2%
First quarter 2012: +37.7%
Median price: $140,250
March 2012: +9.6%
First quarter price: $139,650
First quarter 2012: +16.4%
Inventory: 7,825 homes
March 2012: -31.9%
Supply on hand: 4.5 months
Supply to 2012: -43.8%
Days on market: 103
March 2012: 121
Analysis
2013 NEFAR President Carol Zingone says,”Low inventory coupled with increased sales is driving up home prices. Year-to-date, one fourth of all properties have sold for more than the listed price. Competition for properties is brisk.”