Good news in the housing market continued through November, prompting the Federal Reserve to announce it will begin tapering bond purchases beginning in January. According to Lawrence Yun, chief economist for the National Association of Realtors, that could mean higher mortgage rates in the new year, a fact that shouldn’t come as much of a surprise.

That said, the early part of 2014 may be the best time for both home buyers and sellers who are ready to make a move.

Download the full report (PDF).

Data courtesy of Northeast Florida Association of Realtors.

The real estate market continues to stabilize throughout Jacksonville and Ponte Vedra Beach. In October, closed sales were down slightly, as was inventory, but prices continue to inch upward. In the Ponte Vedra and Nocatee area, we are seeing in increase in the number of new listings, closed sales and, most importantly, median sales price.

As always, feel free to contact me for more information about this report, or to discuss market value for your home.

Download the full report (PDF).

Data courtesy of the Northeast Florida Association of Realtors.

The housing market continues to normalize, with prices trending upward and inventory shrinking to an approximately 4.8 month supply. Anecdotally here in Ponte Vedra and Nocatee, we’re seeing strength in the new housing market as the builders ramp up construction efforts.

Download the full report (PDF).

Data courtesy of Northeast Florida Association of Realtors.

The number of new listings, as well as the median sales price, are up in Northeast Florida. At the same time, inventory remains low. Even with the specter of rising mortgage rates, demand remains high. This is good news for sellers, and good news for the housing market overall. Buyers will need to prepared with competitive offers and financing in place.

Download the full report (PDF).

Data courtesy of Northeast Florida Association of Realtors.