Will real estate prices decrease in Jacksonville, FL? The answer is no. At this moment there is an enormous development going on in the Jacksonville real estate market. The median price of Jacksonville properties has increased by roughly 6.2% over the past year. This is a significant increase in home values for real estate owners who have invested in Jacksonville real estate.
It is currently a hot seller's real estate market. Jacksonville housing market has an ideal environment for investors, especially for turnkey real estate investments. Experts predict a positive trend in the near future and buying a property in Jacksonville appears to be a profitable investment.
Florida's economy is expected to grow this year at a rate faster than the nation’s overall. There are also strong indicators of low property vacancies, rising rents, and single-family rental unit developments in Jacksonville. These factors are known to attract real estate investors into a city.