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The Jacksonville NC Real Estate Market definitely showed the effects of a vibrant market plus the effects of the Tax Credit ending April 30, 2010 for most buyers. The overall Absorption Rate showed a decrease in Housing Supply from 7.9 months to 6.1 months.
Only one area, Sneads Ferry, showed an increase in Housing Supply (13.7 to 15.8 months), while most of the remaining areas showed significant decreases in housing supply. The increase in the Sneads Ferry area is mainly due to the higher priced homes in that area. Even in those areas that had decreases in housing supply, it was mainly homes under $175,000 that were selling and those over $200,000 were moving fairly slow.
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