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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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The factors we’ve seen that will influence how the market shifts.

The question that I get asked the most these days is, “When will this crazy seller’s market balance out?” Several factors influence how the market will shift, but realistically, no one can 100% accurately predict what the market will be like in the future. Here are four major factors that are driving the current market:

1. Relocation. In Florida, we’re seeing many people wanting to relocate to Jacksonville, Tampa, and other major cities. The relocation push has mostly subsided by this point and we should see more listings come onto the market within the next few months. This should help slightly balance out the seller’s market.

​​​​​​<div class="pullquote">“The longer you wait to buy a home, the more it will likely cost you.”</div>

2. Inflation. The cost of houses and lumber has gone up. Whenever a lot of money has been put into the economy, prices for everything will rise. In the short term, this might be inconvenient, but incomes should rise to level things out again.

3. Will the market swing to a buyer’s market? The average price of a home in Jacksonville continued to rise last month. Due to inflation, the longer you wait to buy a home, the more it will likely cost you.

4. Should I sell? This ultimately depends on your situation. If you are retiring or simply want to get out of the market and are thinking of selling, now is a great time to do so.

If you have any further questions about real estate in the northern Florida area, or if you’re thinking about buying or selling, don’t hesitate to give me a call or send me an email.

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