Jacksonville home sellers have enjoyed several years of endless demand and skyrocketing home sale prices, and 2021 is no exception!
In the last 5 years alone, Jacksonville home sale prices YTD have jumped 30% to a current record median high of $264,000!
In fact, Jacksonville, Florida sales prices have more than doubled since the real estate market bottomed out in 2012 after the last market crash:
Jacksonville homes are also selling in record time with a current time to sell at just 33 days on market - a 20 year record!
Despite a slight slowdown in 2020, Jacksonville listings have continued to increase yearly for the last 5 years. The increase in inventory has not been enough to quench demand...at least not yet:
While the immediate future looks promising for Jacksonville sellers going forward, this level of growth is unsustainable and eventually something will happen to disrupt the market. What goes up must eventually come down!
Last Updated on June 10, 2021 by Minna Reid