In the last five years, the best time to buy a house was…five years ago. Since then, prices have jumped more than 50%. The good news for buyers is the median home price statewide are trending downward, slightly.
According to numbers released by Florida Realtors last week, the median price for single-family homes in Florida was down 4% in April compared to a year ago. Our Number of the Week is the median price for a home in the Jacksonville metro area: about $392,000.
$392,250
A 4% dip sounds small, but it has Florida Realtors’ attention because it’s the largest one-year price drop the state has seen since 2011.
In the Jax metro area, numbers are a bit skewed because of the relatively expensive markets just to the north and south of Duval County. April’s median sales price for single family homes in Nassau County was $490,250, and in St. Johns County it crossed the half-million mark.
The median home price in our area may have inched downward south of $400,000, but the most expensive home near Jax to sell in April was a waterfront architectural wonder in St. Johns that sold at auction for over $8.1 million.
