inception-app-prod/M2NiNTY3ODQtMGM2Mi00MTBlLWJjOTAtMWJhOTUxNDE2Njk3/content/2025/06/6be75ebf818ebf178736aba0b55c26bf11bcedc7.png

Jacksonville Market Shakedown June 2025

Nate Riggs,June 24, 2025

Why This Could Be the Best Time to Buy in Northeast Florida

Is the housing market crashing or correcting? It depends on how you look at it but one thing is clear: June 2025 is presenting real opportunities for the right buyers.

Let’s break it down.

Nationwide Trends

Buyer sentiment is low right now, according to recent data from the University of Michigan. That’s largely due to higher interest rates and economic uncertainty. But here’s the truth: today's rates (hovering around 6.8%) are still below the historical average of 7.8%. They only feel high compared to the 2-3% rates we saw during the pandemic.

As the Fed maintains a wait-and-see stance, buyers gain the upper hand. Prices are softening in many markets. In fact, Florida is already showing a statewide decline of about -1.2%. Sellers are holding out for 2022 numbers, but buyers are becoming more selective and negotiating better deals.

Florida & Jacksonville Snapshot

Inventory is climbing, especially in Florida, which is contributing to falling prices in some areas. But that’s not the full story. This is why it is important to hire an expert agent who is obsessed with this type of data and understands mirco-markets.

Jacksonville is a mixed bag:

32256 (Southside/Jax Etown): Prices are up 6.3%
32250 (Jax Beach): Up 0.8%
32095 (Nocatee): Slight decline of -0.35%

The beaches remain steady. Southside is still in high demand, and outer suburbs like Nocatee are starting to soften—typical in a shifting market. Working with our team ensures you won't over pay as a buyer or as a seller, be left sitting on the market wondering why your home won't sell.

For Sellers

You need to stand out. With 14,000 homes on the market and only 6,000 buyers, pricing and presentation matter more than ever. Buyers are comparing your house to new construction and rentals. Expert marketing and pricing strategy are essential. You may have to offer the same types of incentives the builders are offering.

For Buyers

This is your moment. More inventory means more choices. Price cuts and steady rates mean stronger negotiating power. If you wait for rates to drop, you’ll likely face more competition - and higher prices. Right now, you can ask for concessions, rate buy-downs, and even closing cost coverage.

The Bottom Line

Don’t let the headlines drive your decisions. Zoom out, look at the data, and focus on what’s right for your situation. If you're ready to move, now is a smart time to buy in Northeast Florida.

If you want help making sense of your options or want to explore the market further, reach out at RiggsGroupFL.com. And don’t forget to subscribe to our YouTube channel for monthly market updates and more.

Let’s Make Your Move

Whether you're buying your dream home or selling to move up, you need a team that understands both the macro shifts and the hyper-local trends.

📞 Let’s talk strategy.
📧 Contact me directly through riggsgroupfl.com or click the link in the footer to schedule your free consultation.

Don't wait — smart moves are made with the right team.