The fall of the Jacksonville, FL real estate market continues!
A year after the peak, the Jacksonville, Florida market continues to decline as sales and prices fall, while marketing time keeps creeping up!
Prices have been rising quickly since 2018, but peaked in May 2022.
Home sale prices through April 2023 are down 4% year over year.
Marketing time has more than doubled!
2021-2022 saw historically low record low marketing times. Home marketing time has tripled in 2023.
Sales and inventory are down.
Sales are down, but limited new inventory is keeping demand going for now.
Distressed listings are picking up.
After mostly disappearing for a few years, more short sale, pre-foreclosure and REO listings are coming to market.
The market shift we've been expecting is here and picking up speed. READ MORE!
Comments(2)