No Crash, No Frenzy: Just a Normal Market in Jacksonville Fl for August 2025
This report covers single family homes in Jacksonville Florida.
August brought no crash to the real estate market in Jacksonville. The median sales price was a positive 1.91% over last year. We are pretty much in a balanced market. Code word for….normal. I know super boring, but I like boring. I don’t want to see extreme markets up or down.
What are those pesky mortgage rates doing? I won’t mention them, since they will change, but if you go to Mortgage Daily News for the latest. BTW, when you hear the feds are going to lower or raise the rates, that does not mean mortgage rates. It means short term loans like cars, credit cards and such.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 335,000 and the other half were less than 335,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.39 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.
