Northeast Florida's Housing Market Shows Signs of Balance With Rising Inventory and Modest Price Shifts
Key Takeaways Rising inventory provides more options for buyers while also indicating a shift towards market balance. A median price rise to $389,000 presents potential affordability challenges, especially in the St. Johns Town Center area. Construction delays contribute to an unpredictable market, requiring cautious investment strategies. Navigating the Shifting Dynamics of Northeast Florida's Housing Market Rising inventory in Northeast Florida's housing market offers a strategic opportunity as conditions shift towards balance. With new listings soaring to 3,106 in April, buyers have more choices. However, as prices steadily rise with a median of $389,000, the booming St. Johns Town Center area faces affordability issues, slipping to a worrisome index of 67. Construction delays add to uncertainty. Investors must act with caution. Learn what's next in this volatile market environment. Market Shifts Toward Balance and Opportunity The housing market in Northeast Florida teet...