NEFAR President: How the housing market changed in 2022
The push of new residents to Florida largely on the back of the Covid-19 pandemic and changes in how people work led to a frenzy in 2021, where homes sold for above their listing price usually staying on the market far shorter than pre-pandemic listings.
“Houses were on the market for hours instead of days , and there absolutely was not enough inventory to keep up with demand. This year has been the tale of two very different markets in Jacksonville and certainly the country as well,” Rosener said. “2021 was a crazy market, but 2022 had active residential listings, also.”
“Inventory increased in late spring, but not where it was pre-pandemic,” Rosener said. “It really is quite a different market in November and December. It’s hard for buyers and sellers and even agents to react very quickly.”“Basically, the market has stabilized because it was so crazy before,” Rosener said. “It feels much different. We’ve gotten closer to more normal. It’s much better to compare where we are now to 2019.
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