Jacksonville Florida Housing Market Report February 2026 – Are Prices Actually Dropping?
This report is for single family homes in Jacksonville Florida.
This month we did see the median sales price come down, compared to February 2025. Don’t start shouting from the rooftops yet, it was not even 1% difference. Houses are selling for about 6% less than what they are originally listed for, which means sellers are dropping their prices by 6% before they go under contract. Inventory levels are slightly down. with the amount of homes sold are up just a smidge. This is actually still a normal market, even though the media would have you to believe otherwise. Real estate is local, so always look at local numbers, but always question those too. My report is just for single family homes, no condos.
Check out Mortgage Daily News for the real time mortgage rate trends.
Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 320,000 and the other half were less than 320,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.32 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:
Buyers’ Market: More than 7 months of Inventory
Balanced Market: From 5-7 months of Inventory
Sellers’ Market: Less than 5 months of inventory
Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.
Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.
