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Home prices up in Jacksonville

10:46 AM, Jul 13, 2012   |    comments
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JACKSONVILLE, Fla. -- There's better news when it comes to homes sales in the Jacksonville area.

According to the Northeast Florida Association of Realtors, the median sales price for a home in the River City jumped 10% or more than $13,000 in June compared to the same time last year. The median sales price in June 2012 was $149,000 compared to $135,364 in June 2011.

However, contracts of 1565 homes were closed last month. In June 2011 1622 contracts were closed. There's about a six month supply of homes on the market.  That's pretty good since a 5 to 6 month supply is considered healthy.

Watson Realtor Jon Singleton says most areas of Jacksonville are seeing an improvement.  He says prices may be up from last year but says for the right people it's a good time to buy. "For folks who aren't stuck, who don't have a house to sell, who have credit, and who can somehow make that transition, they're making the jump because it's cheaper than rent," says Singleton.

First Coast News

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