Northeast Florida Market Stats | February 2026

“Easter is meant to be a symbol of hope, renewal, and new life.” — Janine Di Giovanni

Wishing you a very Happy Easter!

The Northeast Florida Association of Realtors February 2026 market review—covering all counties and property types—continues to reflect a steady and stabilizing Northeast Florida housing market.

The median sales price reached $294,900, representing a 3.5% increase compared to February 2025. While prices naturally fluctuate from month to month, overall appreciation has remained modest and consistent over the past year, signaling a balanced market.

Closed sales totaled 2,491, up 4.6% year-over-year, indicating that buyers are still actively completing transactions. However, pending sales came in at 2,216, down 23.2% compared to last year. Interestingly, on-the-ground activity tells a slightly different story. Buyer interest remains strong, particularly in homes priced under $500,000. In fact, recent showing activity and current office sales trends show the majority of demand concentrated in this price range.

Active inventory stands at 10,009 homes, down 14.3% from February 2025. Despite this decrease, buyers are benefiting from relatively improved conditions compared to recent years, including slightly lower mortgage rates, increased selection, and slower price growth—all positive indicators as we move into the spring season.

For sellers, success continues to depend heavily on presentation and pricing. Move-in ready homes that are priced appropriately are seeing solid activity, while overpriced listings are lingering on the market as buyers remain price-sensitive and well-informed.

A recent study by PropertyShark highlights Northeast Florida’s strong value proposition. Among the 100 largest U.S. cities, Jacksonville stands out for affordability and space. With a $400,000 budget (approximately the national median home price), buyers in Jacksonville can purchase an estimated 2,241 square feet—significantly more than in other major Florida metros such as Miami, Tampa, or Orlando. This continues to position Jacksonville as an attractive market for both local and relocating buyers.

With so many external factors influencing the broader economy, predicting the exact trajectory of the spring real estate market remains challenging. However, current trends suggest that both buyers and sellers are motivated and ready to make their moves.

As always, if you have questions about the market or would like to discuss your real estate goals, I’m here to help. Happy Easter!