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By Matty Miller

With a track record defined by precision and local expertise, Matty Miller is a cornerstone of the Jacksonville real estate market. Since 2017, Matty has successfully navigated over 200 real estate transactions, earning his Broker’s license in 2019 to provide a higher tier of service to his clients. Currently overseeing a single-family property portfolio valued at over $50 million, Matty specializes in the strategic management and acquisition of high-value assets across the First Coast. His approach combines deep market data with a boots-on-the-ground understanding of Jacksonville’s unique neighborhoods. Whether working with institutional investors or individual homeowners, Matty delivers the seasoned perspective required to maximize value in Florida's most dynamic coastal markets.

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Are we shifting towards a buyer’s market? Today, we’re highlighting recent factors that indicate a move from a balanced market to one favoring buyers, particularly in Jacksonville. The median sale price reached an all-time high of $380,000 in May, and as we examine the pending and closed sales trends, there’s also an emphasis on the impact of interest rate fluctuations. Despite the high prices, slower market activity and rising inventory levels suggest a possible easing for buyers.

To understand the details, check out the video above or skip to each topic using the timestamps provided:

0:00 — Introduction

0:43 — Sales price

1:18 — New pending sales

1:55 — Closed sales

4:25 — Median days on the market

5:08 — Active inventory

6:35 — Wrapping up

We hope this market update has been useful for you and your home-buying journey. If you have any questions or need further assistance, please don’t hesitate to reach out via phone or email.

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