Jacksonville Florida Housing Market Update
The market is changing fast, though the one bright spot is we are seeing mortgage interest rates coming down recently, which will help Buyers with their affordability issues.
NEFAR August 2024 vs. August 2025
Median Sales Price +3.9%
Days On Market +2.3%
Active Inventory +7.5%
Month's Supply of Inventory +17.9%
Home Affordability Index -4.3%
Closed Sales -8.8%
Pending Sales -27.6%
Data Source: Northeast Florida Association of Realtors
Based on the data we are seeing, we anticipate prices to fall each month going into the end of the year until February 2026, which is typical due to seasonality -- though will be more pronounced this year due to a slowdown in Buyer activity, as reflected in the decline in pending sales.
It's more important than ever to interview to find the top agent who will tell you the truth about what's going on in the market, your neighborhood, and what you can realistically sell your property for based on its current condition.
Buyers have options and for most homes, they have the negotiating power.
If you're interested in learning more about what's happening, reach out! We track the market data weekly!
