Monday, November 8, 2010

Jacksonville Housing Market

Price fall sharply and time to sell increases. Agents suggested that prices fell again in October, as our home price index fell to 9 from 22 in September (readings below 50 point to lower prices over the past month). This marks the lowest reading for Jacksonville since May ’09. Meanwhile, our home listings index fell to 32 from 44in September, suggestinghigher inventories over the past month (readings below 50 point to higher inventory levels).

In addition, our time to sell index fell to 18 from 22 in September, suggesting an increased time to sell over the past month (readings below 50 point to an increased time to sell).

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: Web:

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