Jacksonville selling market slowing down drastically, homes staying on market longer

Alexandria Mansfield, Jacksonville Florida Times-Union
Updated 2 min read
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Jacksonville was the sixth slowest metro area for selling homes in the U.S. in 2024, according to a recent study from Creditnews.
Jacksonville was the sixth slowest metro area for selling homes in the U.S. in 2024, according to a recent study from Creditnews.

Home buyers might be seeing more luck and higher inventory than they have seen in the last few years in Jacksonville.

Jacksonville was the sixth slowest metro area for selling homes in the U.S. in 2024, according to a recent study from Creditnews.

Three of the slowest selling metro areas on the market were in Florida, including Cape Coral and Deltona.

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The report also said 2023 was the slowest for home sales in almost three decades, following record-breaking months for the market in 2021 and 2022.

In addition to the slowest housing markets, Creditnews Research ranked the fastest-selling ones in the top 100 most populous metropolitan areas in the U.S.

The study marked a major shift in best selling markets since the COVID-19 pandemic with none of the top 10 metros pre-COVID on the list today.

The fastest selling metros were all located on the East Coast and in the Midwest, while seven of the 10 slowest selling metro areas were in southern states.

The top 10 fastest-selling metros and their median days on the market were:

  • Hartford, CT (8 days)

  • Rochester, NY (9 days)

  • Syracuse, NY (9 days)

  • Harrisburg, PA (9 days)

  • Richmond, VA (11 days)

  • Grand Rapids, MI (11 days)

  • New Haven, CT (11 days)

  • Boston, MA (12 days)

  • Columbus, OH (12 days)

  • Worcester, MA (12 days)

The top 10 slowest-selling metros were:

  • Austin, TX (66 days)

  • McAllen, TX (53 days)

  • Poughkeepsie, NY (51 days)

  • San Antonio, TX (49 days)

  • New Orleans, LA (48 days)

  • Jacksonville, FL (42 days)

  • Cape Coral, FL (41 days)

  • Colorado Springs, CO (41 days)

  • Deltona, FL (39 days)

  • New York, NY (37 days)

This article originally appeared on Florida Times-Union: Northeast Florida home sellers waiting longer for sales than previous years

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