So, what's the deal with the market right now in June 2025?
Neal Brown here, your friendly neighborhood Realtor with iHeart Realty, Inc. You know my motto: 'Veteran. Realtor. Investor.' I've served our country in the Florida Army National Guard, and I've put my own money where my mouth is, right here in Northeast Florida real estate.
I'm here to help you make sense of the real estate scene in our beautiful corner of the state, whether you're looking at Jacksonville, the historic streets of St. Augustine, the quiet charm of Green Cove Springs, or anywhere in between.
So, what's the deal with the market right now in June 2025? Let's get into it.
The Times, They Are A-Changin': A New Day for Buyers
Remember the last few years when houses were flying off the market faster than a hotcake at a county fair? Well, things have settled down a bit, and I'm here to tell you that's a good thing! Right now, Northeast Florida is what we call a "buyer's market."
So, what does that mean for you?
If you're looking to buy a home, it means you've got more choices and a little more breathing room. The number of homes for sale is up significantly across the region—we're talking about a 68% increase in options compared to last year! With more to choose from, you don't have to feel rushed into making a decision. You can take your time, compare properties, and find the one that truly fits your family's needs.
From my investor standpoint, this is the kind of market where you can make a really smart long-term investment. With more homes on the market, sellers are more willing to negotiate. This gives you the power to work out a deal that makes sense for your budget.
A Quick Tour Through Our Towns
Every town in Northeast Florida has its own unique flavor, and the market reflects that.
Jacksonville: If you're looking for opportunity, Jax is the place to be. It's been ranked as one of the top buyer's markets in the entire country! The inventory of homes is the highest it's been in five years. This means you'll find a wide variety of homes and neighborhoods to explore, from the pricier areas like Mandarin to more affordable spots. It's a fantastic time to find your niche in the big city.
St. Augustine: Our nation's oldest city still holds its charm and value. While the median prices here are a bit higher, the story is the same: it's a great time to be a buyer. Homes in St. Augustine are staying on the market a bit longer, giving you the chance to find that perfect historic bungalow or beachside retreat without the pressure. A huge number of homes here are selling for under the asking price, so there's definitely room to find a good deal.
Green Cove Springs: Looking for that small-town feel with great value? Green Cove Springs is calling your name. The market here has officially shifted to favor buyers. With a median sales price that's very approachable, your dollar goes a long way. There are plenty of great homes to see, and just like in the rest of the region, sellers are ready to make a deal.
A Veteran's Take on Today's Market
My time in the Florida Army National Guard taught me a few things that apply just as much to real estate as they do to service: you need a solid strategy, you have to be adaptable, and you need a guide you can trust.
With mortgage rates hovering around 7%, having a plan is more important than ever. As a veteran myself, I'm a huge believer in the VA loan program, which can be a fantastic tool to help fellow vets get into a home. But no matter your situation, this market isn't one to navigate alone. It's about knowing where to look, when to push, and when to hold. It’s about having someone in your corner who understands the mission: finding you the right home.
The Bottom Line
For Buyers: This is your moment. You have more options, more time, and more negotiating power than you've had in years. It’s a fantastic opportunity to get into a home you love.
For Sellers: Don't you worry! Homes are still selling. It just takes the right strategy. Pricing your home correctly from the start and making it shine are key. It’s a time for patience and smart marketing.
Whether you're buying, selling, or just thinking about it, I'm here to help you make the best decision. I love this part of Florida, from the fishing spots to the friendly folks I meet playing poker. Let's find your place in it.
Give me a shout at iHeart Realty, Inc., and let's get started!
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