Northeast Florida Market Stats | July 2025

The July 2025 market review from the Northeast Florida Association of Realtors shows trends that are very similar to June. Overall, home prices remain stable, sales activity has slowed, and inventory levels are holding steady.

Home Prices

The median sales price in July was $346,000, down 1.1% from June and 1.6% from last year. Prices are not expected to decline significantly, as most homeowners have strong equity positions and are not under pressure to sell.

Closed & Pending Sales

Closed sales: 2,425 homes, down 10.1% from June and 10.1% year-over-year. While closings fluctuate month to month, activity has stayed within a consistent range.

Pending sales: 1,818 homes, down 25.2% from June and 28.9% from last year.

Looking ahead, there are reasons for optimism: mortgage applications are rising, interest rates have eased slightly, inventory is offering buyers more choice, and builders are providing significant incentives on completed homes. Even property insurance rates are showing signs of improvement.

Inventory & Supply

Active inventory: 12,024 homes, essentially flat from June (0.4%) and up 8.2% year-over-year. Despite headlines about “too much” inventory, today’s supply is well within historic norms. Over the past 20 years, active listings have averaged between 7,000 and 13,000 homes.

Current supply sits at 5.0 months — a balanced market.

The real estate market is moving back toward a more normal, pre-COVID environment, much like 2019. Northeast Florida’s economy remains strong: the Jacksonville Metro area is seeing 6% annual income growth, and our housing prices remain more affordable than many parts of Florida.

Mark your calendars for Jim Davidson’s 10th Annual Clay Day on October 16th! Check out the raffle items at DavidsonCares.com.

As always, if we can help with your real estate needs — whether buying, selling, or just answering questions — please don’t hesitate to reach out.