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Uncategorized • July 17, 2022

June 2022 Market Statistics for Northeast Florida

by John Levchuk
June 2022 Market Statistics
June 2022 Market Statistics

June 2022 Market Statistics

The local real estate market is moderating after two years of home value appreciation near 20% per year. This appreciation rate was unsustainable in the long term and had to return to the market norms (approx 4%).  Supply (inventory) has risen but only to about 50% of a regular market. On the negative side, demand has been curtailed by rising interest rates, preventing some buyers from entering the market.

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