Due to the bank ordered freezes of foreclosure sales due to nationwide allegations of foreclosure fraud and robo-signors the year-over-year sales of homes and condominiums fell 25% in November. This stands in contrast to the month-over-month sale in the Jacksonville area, which increased 3%.
Pending sales rose by 22% in November but closings fell by a little over 24%. This trend had little affect on the prices of traditional sales which rose by 8.9%. The prices for non-traditional sales, those sales completed due to foreclosure or short-sale, fell by 3.2% in November.
