Top Mega Teams in Jacksonville, Florida – Ranked by Sides

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    2022 Market Summary

    Jacksonville, Florida started 2022 with a total of 965 single-family homes on the market, with a median home price of $299,900 and an average price per square foot of $191. By the end of the year, inventory had increased to 2,224 homes on the market (+130%), with a median home price of $325,962 (+8%) and an average price per square foot of $199 (+4%).

    At the start of 2022, the median days on market (DOM) was 42 days – by the end of the year, median DOM had increased to 70 days.

    Jacksonville started the year with 29% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 56% of Jacksonville homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Jacksonville started 2022 as a strong seller’s market, with an MAI score of 52; by the end of the year, the MAI had dropped to 34 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

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    Real estate agents are moving much less between brokerages than the post-pandemic peak seen in the summer of 2021, Relitix’s inaugural Agent Movement Index™ shows. The index shows the relative degree of movement between real estate brokerages by experienced agents and is indexed to the level of mobility in January 2016. The graph shows that, […]

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    Insurance carrier exodus rattles California and Florida housing markets HW+

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    Insurance carriers are abandoning Florida and California as costs and premiums skyrocket. Real estate agents are on the front lines – here’s how they navigate the growing insurability issue with clients.