Prices and volume of home sales in Jacksonville were on the rise in August, a rise that the Northeast Florida Association of Realtors says means housing market recovery may have started. The news displayed a broad strengthening in regional real estate markets; year-over-year improvements in sales, pending sales, median prices and inventories.
The North East Florida Association of Realtors data shows North East Florida real estate hit a bottom this year and is now starting to recover. The median sales price rose 2.2 percent during August, and average sales price between August 2010 and August 2011 jumped from $169,658 to $180, 823, respectively. Another welcome sign was that the number of distressed home sales accounted for 51 percent of all sales in August 2010 and only 43 percent in August of this year.
These numbers are trending in favor of North East Florida Homeownership. With the hard work of homeowners, attorney's, and banks collectively, the market will continue to thrive.
A big piece of this puzzle is getting help when help is needed. If you are facing a Florida Foreclosure Lawsuit, contact a Jacksonville Foreclosure Defense Lawyer or a Florida Foreclosure Defense Lawyer today to determine what foreclosure alternative options may be available to you.
