Jacksonville’s Tight Competition Tests Homebuyers

Jacksonville’s housing market is quite crowded this spring. According to The Wall Street Journal, finalized sales of existing homes in Jacksonville were up 18 percent from last year.

Like many other cities around the country, listed homes in Jacksonville are experiencing brisk sales. Real estate reporter Kris Hudson writes that “a resurgent job growth, low interest rates, and robust consumer confidence has expanded the ranks of would-be buyers,” but inventory is still behind.

New-home sales are also robust. Jacksonville builder Providence Homes posted a 20 percent sales increase in December through March year-over-year for homes priced from the upper $200,000s to the $500,000s.

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