House sales rise in some areas but fall in others
It seems that cheaper is not always the most desirable. According to a survey carried out by Metrostudy, Jacksonville house sales under $250,000 have been declining, especially in the area of single-family housing.
Where the growth spurt has taken place is in new construction of houses over $250,000 which has seen a startling jump of 74% in the second quarter.
Metrostudy has concluded that overall the housing market in Jacksonville remains strong with factors such as job growth, affordability and demand contributing to the rise in prices.
