Florida Home Prices Continue to Surge

Apr 19, 2017

More good news for Jacksonville home owners as global property information firm CoreLogic reports home prices along the First Coast jumped 7.9 percent in the past year.

The report released Tuesday shows that home prices surged 0.5 percent from January to February. That figure includes distressed sales, which are still a large part of the Jacksonville market.

Nationally, home sales price increased 7 percent in the past year, meaning on an annual basis home increased at a faster pace

However, the month-over-month comparison for national home sales price increased a full percentage point, which could point to a slight slowing of home increases in Jacksonville.

CoreLogic is predicting that home prices will continue to increase throughout 2017.

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