New data released this week by real estate brokerage Redfin shows home purchases in Jacksonville fell through at a higher rate than anywhere else in the country last month.About 30% of purchase agreements in Jacksonville were canceled in October.Northeast Florida experienced a huge pandemic-fueled boom in housing prices last year and thanks to low mortgage rates and thousands of people flocking to the state.Even from a seller’s point of view, a multiple offer situation, it’s stressful.”Looking at NEFAR data for six Northeast Florida counties, the median sales price for a single-family home was still 14.5% higher than last October at more than $383,000, but houses are becoming more affordable for buyers.“Probably by the end of 2023 we will be in a balanced market.”Inflation is beginning to cool, and Redfin said buyers may return to the market if the trend continues."