Northeast Florida Real Estate Snapshot- All Stats Matter
Lately, the focus of discussion about the real estate market in general, is that inventory is low. While the bottom line number for total Active Residential listings is lower than usual here in Northeast Florida, there are other statistics that are not being mentioned which are equally as important. To get the total picture of exactly how strong our real estate market is, we need to pull all the numbers together.
For January 2020, the Active listings are down -9.9% as compared to January of last year. However, during that same time frame, the TOTAL number of Actives (listings Active at some time during January 2020) was only down -6.5%.
- # of Sold Residential Properties is up 10% as compared to January 2019 (Note: the sales were only up by 5.6% in 2019 when compared to 2018). Definite trending number in the right direction.
- # Pending Residential listing are up 9.9% compared to January 2019. Again, higher than the 8.2% when 2019 is compared to 2018. Another number trending upwards.
- Which brings us to New Residential Listings. The number of New Listings is up by 3% when compared to January of last year. While this is lower than the 12% between 2019 and 2018, it is still an upward trend for January 2020.
- Two very significate numbers trending up is Average List Price, up 8.29%, and Average Sales Price, up 12.92% compared to this time last year and both of those indicate a very strong increase in prices.
- Almost 70% of Residential sales last year in Duval, Clay, St Johns, and Putnam Counties were from our realMLS. This shows the impact of professionalism and market knowledge from our members.
These are all signs of a good start this year and we are still trending in the right direction. We begin the year with continued low interest rates and low unemployment. However, sellers appear to be staying in their homes longer than in the past which may have an impact this spring when buyers are at their most active. But you will do what you have always done best – Sell and Persevere!!