Posted On: April 29, 2010
Jacksonville Home Sales Up In March
Riding on the back of the federal first-time homebuyer tax credit, home sales in Jacksonville experienced a spike in March, according to the Northeast Florida Association of Realtors (NEFAR).Existing home sales jumped 54 percent, from 787 in February to 1,303 in March, while median home prices dropped slightly from $142,400 to $141,400.
According to an article in the Florida Times-Union:
“Spring is usually a very active sales season,” NEFAR spokeswoman Melanie Green said. “Just the last few years have been so unpredictable, we don’t really rely on norms anymore. But certainly, the tax credit is in play.”
Green said pending sales show signs that people are working to cash in on the $8,000 Federal first time home buyer tax credit, which requires eligible home purchases to be under contract by April 30 and to close by June 30. NEFAR’s pending sales — which include single-family homes and condominiums — rose to 2,071 in March from 1,501 in February and 1,204 in January, she said.
Statewide and nationally, the trend in March also was toward year-over-year increased sales. In Florida, existing home sales jumped by 24 percent last month to 16,294 in March 2010 from 13,090 homes in March 2009.
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Greg Gilbert
Keith Maynard
