As prices keep climbing, Jacksonville area distress sales drop to record lows!

chart jacksonville prices

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As the market continues to heat up, Jacksonville, FL area new listing prices and sales prices rise again in 2019:

sales prices chart

As expected, a hot market leads to less short sales and foreclosures as homeowners are able to sell their homes for profit. 

As 2019 begins, short sales are currently less than 1% of the market, and REO sales (sales of foreclosed homes) less than 5%:

chart of ss and reo

It's been a sellers market here in Jacksonville, FL for quite some time, and 2019 seems to be off to the same start!

Minna Reid

Minna Reid is a Broker Associate at Killebrew & Company Realty Inc, serving Jacksonville, Florida.

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