"In December, Jacksonville experienced a 3.7% decrease in the inventory of active home listings compared to the previous year, totaling 3,643 active listings. This stood in contrast to the national increase of 12.1% in active listings. The substantial 15.4% drop in newly listed homes year-over-year highlighted a contraction in fresh inventory, potentially setting the stage for price shifts if demand persisted."
"The median listing price in Jacksonville was $287,000 in December, reflecting a 4.0% decrease from the previous year. This decline outpaced the national decrease of just 0.6% over the same period. Moreover, the share of listings with price reductions edged up to 20.1%, slightly increasing by 0.1 percentage points from last year, indicating some sellers were adapting their strategies to align with market conditions."
"Homes in Jacksonville lingered on the market for a median of 81 days in December, marking a 16.7% increase from the previous year. This extended market time suggested slower buyer activity compared to the national median of 73 days, which only saw a 5.0% rise. The combination of longer market times and decreasing prices hinted at a cooling trend, presenting buyers with a chance to explore favorable deals."
Inventory of active home listings in Jacksonville fell 3.7% year-over-year to 3,643 listings in December, while newly listed homes dropped 15.4%, indicating reduced fresh supply. The median listing price was $287,000, a 4.0% decline that exceeded the national 0.6% decrease. The share of listings with price reductions rose slightly to 20.1%, up 0.1 percentage points. Median days on market increased 16.7% to 81 days, surpassing the national median of 73 days. Longer market times and falling prices created negotiating opportunities for buyers and compelled sellers to adjust pricing or improve property appeal.
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