Historic Home Values - News for Jacksonville FL

100 Year Chart of Historic Housing Values - News for Jacksonville FL

The Chart of Historic Home Values above was created by Steve Barry and shows national house values which have been compiled by Case-Shiller since 1890. While it is a national statistic, it is interesting to Jacksonville residents, because our market experiences the same highs and lows as every other city in the nation.

Note the boom times of the 1970s and 1980s, which pale in comparison to the boom that spiked in 2006. Number of sales peaked in 2005, but values peaked in 2006. It's time to update for 2011 - maybe Steve Barry will do it again.

What I take away from this Chart is that it is normal for the value of housing to fluctuate over a period of time. We also had an historical increase in values in the early 2000s. And now, we are experiencing an historic decrease.

But all things level out, and 5 years into the market correction, we are seeing a decrease in inventory in Jacksonville and signs in values that we are near the bottom. All the signs point to what a great time it is to buy a home in Jacksonville FL this year.

Low interest rates, low prices and being one of the top 10 cities in the nation where it's cheaper to buy than rent, make Jacksonville a top choice for buying a home this year.