Real Estate in Northeast Florida and Around the World

The Northeast Florida Association of Realtors market data is in and the facts once again support what this agent has been seeing and saying:  Buyers are out and our bottom has been hit.

Distressed properties can continue to lose ground, but traditional sales - those with no lender mediation involved, aka short sales and foreclosures, continue to gain in value for 5 months in a row now.  Because of the number of the distressed transactions in the mix, the overall median price has stayed on the trend of decline in prices.  We are seeing a classic example of separation of the chaf from the wheat.  Pending sales are on the rise compared to a year ago, and inventories continue to decline.  So - while 2010 may have begun on an uncertain foot, 2010 is ending on an up note.  Considering what I am seeing in my personal business and in conversation with my colleagues, 2011 has started with a bang, with buyers clammering to get their house while prices and interest rates are still low. 

To see the market data in full detail, click on the "Market Data" tab to the left.