Jacksonville Beach, FL condo sales slow down in 2019!

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Jacksonville Beach, Florida home owners have been enjoying a strong sellers market with skyrocketing prices for the last few years, but has the market turned for the condo owners?

Jacksonville Beach condo sales prices are down 14% over the the same period in 2018:

graph depciting jacksonville beach condo price trends

New condo listings are headed up, while condo sales are down, creating downward pressure on prices. There is currently 8 months of condo inventory in Jacksonville Beach, Florida:

grpah of Jacksonville Beach condo listings

As the best selling season in northeast Florida is still well in swing, it is still too early to tell how the year will end. While the current state of the Jacksonville Beach condo market may be a little unsettling for sellers, buyers can rejoice in hopes that the market may soon head back in their favor!

Minna Reid

Minna Reid is a Broker Associate at Florida Homes Realty & Mortgage, serving northeast Florida.

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