Northeast Florida Market Stats | May 2026

“Faith is not the belief that God will do what you want. It is the belief that God will do what is right.” — Max Lucado

Last month, for the first time in more than 20 years of writing about the real estate market, I used statistics from Florida Realtors rather than the Northeast Florida Association of Realtors (NEFAR) for the Jacksonville market. I would like to explain why.

In the NEFAR market review, “pending sales” do not include properties listed as “active under contract.” These are homes that have gone under contract but continue to be marketed until they are very near to closing. Most agents mark these sales as pending only when they are confident the transaction will close. As a result, the reported number of pending sales can fluctuate by several hundred properties.

For now, I will continue to use NEFAR statistics for most market discussions while relying on Florida Realtors data for pending sales activity.

The median sales price for all property types in May 2026 was $328,990, an increase of 4.4% from a year ago.

There were 3,021 closed sales in May, very similar to the totals reported in March and April. Closed sales were down 6.9% compared to May 2025.

Active inventory totaled 10,388 properties, down 18.1% from last year. The market currently has a 3.4-month supply of inventory, a decline of 12.0% year over year. A balanced market is generally considered to have five to six months of inventory.

According to Florida Realtors, there were 2,850 new pending sales in May, an increase of 0.5% from a year ago. Our office experienced a significant increase in contracts written during May, and we continue to see strong buyer activity in June.

An interesting report from Conley Publishing Group, Ltd., based on IRS data for the 2022 tax year, showed that California experienced the largest outflow of adjusted gross income, losing $11.9 billion as residents relocated to other states. Other states with substantial losses included New York ($9.9 billion), Illinois ($6 billion), Massachusetts ($4 billion), and New Jersey ($2.6 billion). Florida led the nation in gains, attracting $20.6 billion in adjusted gross income from incoming residents.

The Northeast Florida real estate market continues to demonstrate resilience despite fluctuating interest rates and rapidly changing economic conditions. While challenges remain, buyer demand and population growth continue to support our market.

Enjoy all the fun things to do in summer. If we can assist you with any of your real estate needs, please let us know.