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Updated Market Results for Jacksonville NC Real Estate

Absorptionratejaxncaprmay2010

Click on the Absorption Rate Chart to enlarge image.
 
The overall housing market improved in the last 2 month tracking report with the Housing Supply dropping from a 6.1 month to a 5.6 month supply. All areas improved except Area 7, which is the Rock Creek area north of Jacksonville which had a slight increase.
 
This report when compared to last month's report shows the average selling price increasing $2,483, the average Days On Market dropping 7 days, and number of homes that sold increased from 589 to 676. Overall, this is a very positive report with the $8,000 Tax Credit continuing to influence these numbers.

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