Local Report
Duval County, FL Buyer's Market
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Seller's Market
Labor Market : In the second quarter, 6,787 jobs were added to the payrolls of Duval County. As a result of these new jobs, the average monthly unemployment rate fell from 11.2% during the first quarter to 10.3% for the second quarter. This steady job creation will help buyer confidence and fuel home purchases down the road. Mortgage rates near 5% should support this trend.
Housing Market :
Q1' 11
Q2' 11
Q3' 11 (Forecast)
Average Price
$171,800
$162,900
# Homes on the Market *
6,284
6,420
# Homes Sold **
1,568
2,089
# New Homes Built ***
116
282
Avg # of Days on Market
111
124
***
* Available as of Jun. 30, 2011. ** May not add to total of zip codes. *** During the first two months of 2nd quarter.
Data by Zip Codes for Q2 2011 Price Change ***
Total # Homes Sold
% Change in # Homes Sold
Average Days on Market
% of Asking Price (Sold/ List Price)
Zip Code
Average Price
32204
$141,900
36.31%
(Quarter) 7
*** 16.67%
236
92.3%
32205
$151,000
15.09%
88
-5.38%
119
93.9%
32206
$124,300
50.30%
19
0.00%
177
92.1%
32207
$187,700
16.73%
65
-21.69%
127
91.2%
32208
$55,900
-13.60%
33
-25.00%
136
88.6%
32209
$71,400
18.41%
10
-16.67%
28
97.0%
32210
$124,400
-16.12%
124
-22.98%
133
93.1%
32211
$79,500
-14.97%
60
-34.78%
123
94.9%
32216
$92,900
-28.26%
81
-25.00%
90
95.1%
*** % Change of current quarter compared to the same quarter to year ago. 4