Housing prices see slight decline in Jacksonville area - Jacksonville Business Journal

Home prices took a small dip in September, according to Northeast Florida Association of Realtors data, but there are still questions about where the market is headed.

“While still in a 'sellers' market, the trend continues to move toward a more balanced market,” said Mark Rosener, president of NEFAR, in a release. “Weakening demand due to affordability issues — mainly higher mortgage rates — and growing inventory points in that direction. The 3% decrease month over month in the median price is expected as the market stabilizes from the frenzied pace that was set in 2021 and early 2022.

In September, the Housing Affordability Index for single-family homes, condos and townhouses slid 3.9% to 74 from 77. Affordability for only single-family homes declined by 4.2% to 69 in the region. “Closed and pending unit sales suffered from Hurricane Ian’s impact when the powerful storm interrupted services during the last week of the month, a time when many properties close and/or go under contract," Rosener said."Many of the properties scheduled to close in that last week should shift to close in the first half of October. With that said, these indicators are down 23.3% and 17.4% month over month, respectively.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Marcus Lemonis, Jacksonville businesses to be featured on new HGTV show - Jacksonville Business JournalThe Renovator features Lemonis as he tries to improve families' lives and homes in the new HGTV series.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Editorial: Jacksonville must believe in itself to live up to potential - Jacksonville Business JournalEditorial: Jacksonville must believe in itself to live up to potential
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Emerald Trail moving forward in Jacksonville; plan is for 2030 completion date - Jacksonville Business JournalFirst segment could be done by end of the year while the second segment is in design phase.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

City board to consider 2nd incentive package for Fincantieri ship repair facility - Jacksonville Business JournalThe incentives will offset a multimillion-incentive the company is making in the site near the Hart Bridge.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Wicked Barley wins gold at Great American Beer Fest - Jacksonville Business JournalIt's only the second time a Jacksonville brewery has brought home a gold medal.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »

Sen. Brandes: 'Citizens Property Insurance Corp. could see $10 billion in claims' - Jacksonville Business JournalUltimately, Ian made landfall in Lee and Charlotte counties, an area where Citizens has far fewer policies than in the Tampa Bay area.
La source: JaxBizJournal - 🏆 599. / 51 Lire la suite »