Northeast Florida Market Stats | September 2025

“Take the time to enjoy the little things, for one day you may look back and realize they were the big things.” -Robert Brault

This comment from the Northeast Florida Association of Realtors Market Update is a great summary of our market. “Prices remained relatively stable across much of the region, giving buyers a bit more leverage and a wider range of choices, while sellers faced a more competitive environment that rewarded realistic pricing and patience.”

Local Market Overview

Across Northeast Florida, market indicators show a balanced environment with stable pricing and a slight slowdown in sales activity.

• The median sales price of $348,570 is down 0.4% from August and up 2.2% from last year.
• Closed sales of 2,214 are down 7.6% from August and up 0.1% from last year.
• Pending sales of 1,630 are down 27.2% from August and down 23.0% from last year.
• Active inventory of 11,374 is up 0.1% from August and up 3.0% from last year.

National Perspective

Baby boomers continue to dominate U.S. real estate holdings, owning nearly 41% of all property nationwide, almost double that of millennials, according to analysis of Federal Reserve data.

Despite making up less than 20% of the population, Boomers hold about $20 trillion in real estate assets and 51.7% of the nation’s total wealth. Gen X owns about 29.4% of real estate and millennials hold just over 20%.

Florida Statewide Trends

Florida Realtors Chief Economist Dr. Brad O’Connor said, “New pending sales of Florida single-family homes were up by 7% compared to a year ago in September. And likewise, over in the condo and townhouse category, new pending sales were up by 6.6%. So now we have two consecutive months (August and September) where new pending sales have been up year-over-year in both property type categories.”

“While it’s still a little early to definitively declare a shift in the overall trend to one of longer-term positive sales growth, at the very least we can be more confident we’re moving in that direction than we were a month ago.”

Jim Davidson’s 10^th Annual Clay Day was a huge success thanks to all of you that donated, volunteered, and participated. Your generous donations allowed us to contribute $130,000 to our local charities. My family and I are extremely grateful for your support!