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Kareem Tannous' Blog

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Jax Metro Area Statistics

Per the NE Florida Association of Realtors homebuying has increased by 14.5% in the Jax Metro Area from months January 1, 2010 to March 1, 2010.  This is a significant increase in home sales for our city.  Jacksonville and the surrounding area is currently sitting at approximately 12.5 month supply of homes in inventory per the Multiple Listing Service data records.  I can say that year to year during this time period that sales typically increase and yet fall towards the summer months. 

This increase is generally due to the "snowbirds" migrating down from the Mid-Atlantic and New England states to feel the warmer climate.  After a record breaking winter in the Northeast corridor along with the Midwest and Plains states, the south, especially Florida will see a significant increase in sales for the year 2010 and continue on into 2011 barring any major national issues that may arise during the time period. 

As long as the temperatures do not rise significantly above 100dF, Florida will experience stronger sales in the summer months.  This will be fueled by vacationing families and falling home prices from short sales and foreclosures.  As for Jacksonville many families area STILL moving here on a daily basis for the attraction of GREAT home prices relative to the coastline.  Many homes are still yet to come on the market as REO's or Short Sales.

Check back with me periodically for more statistical updates or you can contact me via http://www.jaxrealtor4u.com.

Talk to you soon!

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