CNN Money constantly monitors the nationewide real estate market every quarter for changes occurring that effect all areas.  Over the last several years, the Jacksonville real estate market has done quite well.  Although I notice for the fourth quarter over all appreciation in Jacksonville has fallen on average about 1.0%.  I find this to be about right given the decline in the prices of property listings in Jacksonville.  Overall builders and site agents have commented that they have seen a significant decline in Jacksonville new home traffic since About October.  The feeling is that this will continue most likely through March 2007. 

Please read the article via the following web link:
http://money.cnn.com/2007/02/15/real_estate/latest_prices_q4/index.htm

 

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