Housing Market Updates for the Mid-Year

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.