After two years of soaring prices, where Jax real estate stands
And the influx is great ... unless you’re in the market to upgrade your domicile or buy your first home.
Like with so many things in real estate, the surge in prices — up more than 60% in the past five years, including around a 25% jump year over year — is either good or bad, depending on which side of the transaction you are on. What is unquestionable, though, is that the change will reshape the area’s residential market for years to come, spurring development of both single-family homes and multifamily properties, changing the parts of town that see growth and forcing the area to come to grips with its affordable housing crisis.
Even as the market begins to cool a bit, the level we reached now is here to stay, setting the stage for a future for which we must be prepared.
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