Record breaking demand for Jacksonville homes pushes sellers market to new heights!

May

25

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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!

Jax home sale prices 5 years

In fact, Jacksonville, Florida sales prices have more than doubled since the real estate market bottomed out in 2012 after the last market crash:

Jax sale prices 20 years

Jacksonville homes are also selling in record time with a current time to sell at just 33 days on market - a 20 year record!

Jax days on market 20 years

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:

Jax new listings 5 years

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

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