Foreclosures down in Jacksonville

Foreclosure figures for April have been released and they are down considerably. This is undoubtedly good news for Jacksonville's real estate market and our economy in general.

There were 13.9 % fewer Jacksonville properties in foreclosure in April than there were in March. And if you compare with the numbers from one year ago, foreclosure activity is down 35.4% over April of 2009.

The State of Florida as a whole ranks third in the nation in its foreclosure rate, with one in every 182 properties in foreclosure. Jacksonville fares better than the state average, with one of every 246 homes in some form of foreclosure. The national rate is one out of every 387.

Obviously we are not out of the woods. But things are definitely moving in the right direction!

Please contact me, Liz Bobeck, with any real estate questions or concerns.