The present housing market in South Jacksonville is down with high active listings and low sales volume. Home prices have decreased 54.2% in the past month. With 4 active listings, inventory is 100% higher than seasonal norms. Homes are taking about 22 days to sell, which is 2 days longer than this time last year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 16.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the South Jacksonville market with the affordability index at 145.4. Based on current market indicators, home prices in South Jacksonville are projected to increase by approximately 6.8% over the next month.