JBOR MARKET STATS JAN - JUN 2010

Ever hear agents talking about how slow it is?... About how they can't wait for the market to change?...About how tough it is to sell homes with the current market conditions?

My advice to you: STAY AWAY FROM THEM...AS FAR AWAY AS POSSIBLE !!

In this business you find what you are EXPECTING to find...what you are LOOKING to find...what you are PREPARED to find...and what you are WORKING to find.

Still not convinced there is plenty of business out there?
Take a look at the FACTS:

*Comparison of Residential Sales (SF1, SF2, SF3, NC1, NC2, NC3) in Onslow County (MLS areas 1-7) from Jan - June 2009 to Jan - June 2010

Overall Number sold current period: 1463
Overall Number sold 1 year ago: 1276
Increase of 187 units or up 15%

Overall Number "Active" current period: 4115
Overall Number "Active" 1 year ago: 3671
Increase of 444 units or up 12%

Re-sale homes sold current period: 737
Re-sale homes sold 1 year ago: 751
Decrease of 14 units or down 2%

Re-sale homes Avg Sold Price current period: $164,457
Re-sale homes Avg Sold Price 1 year ago:
$162,652
Increase of $1,805 or up 1%

Re-sale homes "Active" current period: 2390
Re-sale homes "Active" 1 year ago: 2237
Increase of 153 units or up 9%

New Construction homes sold current period: 726
New Construction homes sold 1 year ago: 525
Increase of 201 units or up 38%

New Construction Avg Sold Price current period: $187,998
New Construction Avg Sold Price 1 year ago: $194,191
Decrease of $6,193 or down 3%

New Construction homes "Active" current period: 1725
New Construction homes "Active" 1 year ago:
1434
Increase of 291 units or up 20%

Based on these figures, and the subsequent absorption rate, there is currently about a
5 1/2 month supply of new construction homes on the market and about an 8 month supply of re-sale homes.

*Information obtained from Jacksonville Board of REALTORS MLS.