Jacksonville, FL Real Estate Report Midway through 2023: Market continues to cool!
The peak of the market is now well behind us, and the market continues to cool year over year.
- Median sales prices are down 4% year over year.
- Home marketing time is up 40% year over year.
A picture spells a thousand words! It's quite easy to see where the pandemic bubble started and ended in Jacksonville, Florida:
Peak spring real estate season fell quite short of the prior year. With rates on the rise and inventory slowly increasing, the market is slowly shifting towards a buyers market. All signs point to further flat and declining home sales prices in Jacksonville, Florida.
Need help with your Jacksonville home sale?
Last Updated on July 7, 2023 by Minna Reid