Northeast Florida Market Stats | March 2026

“The key to pitching is to have the ability to throw a strike when they’re taking and throw a ball when the hitter is swinging.” – Greg Maddux

This quote has absolutely nothing to do with real estate, but I’m excited—it’s baseball season. And yes, I believe Greg Maddux is the greatest pitcher ever. You’re welcome to disagree, but it’ll probably be a waste of your time.

Now, on to real estate.

The Northeast Florida Association of Realtors March 2026 market review shows a slight increase in the median sales price across all property types to $307,620, which is up 2.5% compared to last year. Buyer demand has remained steady, even as active inventory sits lower than it did a year ago.

We currently have 10,195 properties available for sale, down 14.1% year-over-year. Many homeowners are choosing to stay put, often because they have strong equity positions and no real urgency to sell. Others are trying to time the market perfectly—which, as you might guess, is not the easiest thing to do.

There were 2,956 closed sales in March, down 1.8% from last year but up 15.1% from February. Pending sales came in at 2,518, which is down 24.6% year-over-year and 9.4% from last month. What we’re seeing is that buyers are still out there—but they’re being more selective, taking their time, and waiting for the right home.

Active inventory currently sits at 3.4 months of supply, down from 3.8 months in February. For context, a balanced market is typically considered to be around 5 to 6 months of inventory.

On a national level, Lawrence Yun, Chief Economist for the National Association of Realtors, recently adjusted his 2026 forecast. He now expects about a 4% increase in transactions, down from his earlier projection of 14%, largely due to interest rates. Earlier expectations had rates closer to 6%, but current projections are trending nearer to 6.5% for a 30-year fixed mortgage.

What does this mean? We see motivated buyers and sellers, but both sides are approaching decisions carefully, given ongoing economic and geopolitical uncertainty. While no one can predict interest rates with certainty, there may be an opportunity right now to make a move and take advantage of current conditions.

If we can help you navigate your options, we’re always here to talk. In the meantime—enjoy the beautiful weather and baseball season.