Duval County currently leans toward sellers, with the market gauge at 38 and just under four months of supply. Home values are fairly steady, with the typical home value around $309,000 and down only slightly from last year. Compared with Florida overall, local prices are lower and inventory is tighter than the state’s 5.5 months of supply.
Price trends show a mixed but stable picture. The median list price has inched up a few percent year over year, even as the typical home value has dipped a bit, suggesting sellers are testing prices while buyers negotiate. Homes are moving more quickly than in recent months, with median days on market dropping from 84 in January to 56 in April, and nearly 29 percent of listings now go off the market within two weeks.
Activity has cooled from a year ago, with homes sold and pending sales both slightly lower and new listings down more sharply, which helps explain why conditions still favor sellers. Only about 12 percent of homes are selling above list price and the average sale-to-list ratio sits near 97 percent, indicating that well-priced homes get strong interest while others may need adjustments. In this kind of market, both buyers looking for value and sellers aiming to stand out can benefit from an Agent Pronto–recommended real estate agent who understands current local trends.
