Jacksonville is entering summer with slower sales, lower prices, and rising inventory. Here are key trends buyers and sellers need to know before making a move.
As we reach the end of May and head into June, it is clear that this summer is shaping up differently from previous years. While summer is typically one of the busiest seasons for both buyers and sellers, current trends suggest a slower pace this year. Understanding the latest numbers can help buyers and sellers make informed decisions. Here’s everything you need to know:
Median sales price. One of the key indicators to watch is the median sales price. For the week ending May 24, 2025, the median sales price in Jacksonville dropped to $350,747. That’s a 4.9% decrease from the prior week and a 7.7% decline compared to the same time last year, when the price was $380,000.
Based on recent patterns, it looks like prices peaked around December 2024 and have gradually come down, and we are unlikely to see figures above the $380,000 mark soon
“Rising inventory means sellers need sharper pricing strategies.”
Closed sales. Closings are also down compared to last year. For the same week in 2024, there were 657 closed sales. This year, the number is 500, reflecting a 23.9% year-over-year drop. While there was a small week-over-week increase from 493 to 500, overall activity remains lower than usual. The highest number of weekly closings so far in 2025 was 686, which still falls short of the 1,000 closings seen in the busiest week of 2024.
The number of homes available for sale continues to grow. Inventory is up 22% from last year, increasing from about 10,000 to 12,500 active listings. This shift gives buyers more choices, while sellers face more competition.
Number of days. The market is also moving slower. The median number of days a home stays on the market is now 49. That’s up from 30 days at this time last year and 37 days the week before. In total, that’s a 61.7% year-over-year increase. This means it’s taking longer for homes to sell, which puts more pressure on sellers to price their homes appropriately.
New pending sales. Another important number is new pending sales—homes that have recently gone under contract. Last week, there were 381 new pending sales, down 1% from the previous week and 39.8% lower than the same time last year. New pending sales peaked at 646 in March, and since then, we’ve seen a steady decline, which is unusual for this time of year. May, June, and July are typically peak months for real estate activity.
The numbers suggest a slower market overall, but this isn’t necessarily a bad thing. More affordable prices and increased inventory can benefit buyers, especially first-time homebuyers. For sellers, understanding these changes is essential to pricing and marketing a home effectively.
If you’d like to take a closer look at the data for your neighborhood, county, or zip code, I can help break it down. If you have other real estate concerns, I can also offer you expert guidance. You can call me at 904-650-3890 or email me at Matty@PursuitRealEstate.com. I’m here to help you every step of the way.
