Jacksonville, FL - Local Housing Data - Summary

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Jacksonville, FL Local News

  • Jacksonville, FL - April 2014 - New Home Closings Figures Signal Market Rise Slowing

    New home sales climbed in April. The percentage of new home closings belonging to attached homes dropped, falling 6.6% percentage points. Average prices of new homes moved up, rising 15.7%. The percentage of new home closings belonging to single family homes rose, climbing 6.6% percentage points.

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  • 1Q14 Jacksonville Housing Market Analysis

    Metrostudy's first-quarter housing market survey shows Jacksonville housing starts are strong in 2014 and employment growth will fuel the market for the next few quarters.

New Home Prices Gain in Jacksonville According to Newest Figures, Sales Fall

Posted on: Aug 08, 2014 11:28:10 AM

In the Jacksonville, FL market, new home closings sank year-over-year in May, moving south after a rise in April 2014. There was a change in new home closings from 428 a year earlier to 427 in May 2014. This came on the heels of a 12.6% jump in April from the year earlier.

A total of 4,725 new homes were sold during the 12 months that ended in May, down from 4,726 for the year that ended in April.

New home closings made up 12.7% of overall housing closings. A year earlier, new home closings accounted for 11.9% of total closings. Following a year-over-year rise in April, closings of new and existing homes slid year-over-year in May.

Pricing and Mortgage Trends

For newly sold homes, the average price climbed 11.7% year-over-year in May to $270,974 per unit. This surge is smaller than the 14.3% boost in April year-over-year.

Along with new home prices, there was an increase year-over-year in the average mortgage size on newly sold homes. It climbed 10.4% in May from a year earlier to $233,387. In April 2014, average mortgage size grew 10.9% from a year earlier.


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