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Northeast Florida home sales prices rose another 8% over in 2018, in a seemingly endless race to a new market peak!
Average residential home sales prices have risen 6-8% yearly for the last 5 years in a row, totaling an almost 40% increase total. The average sales price in the greater Jacksonville area has risen from $195,390 in 2013 to $270,365 in 2018:
While sellers would surely appreciate another year of skyrocketing prices and quick sales, buyers are increasingly frustrated over rising prices and limited inventory.
What's headed our way for 2019? January is always a slower month of the year so it's simply too early to say what is on route the rest of the year just yet!