Davidson Realty, Inc.

Northeast Florida Market Stats | May 2025

June 23, 2025

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Posted by in News

“What you do makes a difference, and you have to decide what kind of difference you want to make.” – Jane Goodall

 

Please save the date Thursday, October 16, 2025, for Jim Davidson’s10th Annual Clay Day and you can make an incredible difference in the lives of families and veterans in our local community.

 

The market highlights from the Northeast Florida Association of Realtors May 2025 market review for all property types in all 6 counties are:

 

  • Median Sales Price of $350,000 continues to hold steady. It is up1.4% from April and down 2.2% from last year.
  • Closed Sales of 2,621have barely changed from April. Closings were up 0.5% from April and down 13.1% from last year.
  • Pending sales of 1,951 have dropped for the last 2 months. The pending sales are down 25.2% from April and 32.6% from last year.
  • Active inventory of 12,476 homes is up 4.9% from April and 18.7% from last year. There is 4.8 months’ supply of homes available signaling a more balanced market.

 

Affordability remains a major issue. Mortgage rates are still elevated compared to pre-pandemic lows, and the combined burden of higher home prices, insurance premiums, and property taxes has slowed buyer activity.

 

While buyer demand remains cautious, well-priced homes are still attracting showings and offers. Overpriced listings, however, are struggling to get attention. The good news is that property insurance rates are stabilizing, with several companies filing for rate decreases for the first time in years — a positive sign for homeowners.

 

The pricing gap between new construction and existing homes has narrowed considerably. The National Association of Home Builders reported the 2010-2019 gap was $66,000, the last five-year average was $26,700 and the first quarter of 2025 was $14,600.

 

If you’re considering buying, selling, or renting your home, now is a strategic time to review your options. We would be happy to provide a free, no-obligation market evaluation or help you explore available properties that fit your needs.

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About the Author
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Sherry Davidson
President of Davidson Realty

Since launching Davidson Realty in 1989, Sherry Davidson has built the firm to include nearly 60 agents and exceed $100 million in annual sales. She is known throughout the First Coast as an authority on all things residential real estate, having served on the Board of Directors for Northeast Florida Association of Realtors, Florida Realtors® (a division of the National Association of Realtors), and Builders Care (charitable arm of Northeast Florida Builders Association).

Thanks to Sherry’s leadership, Davidson Realty has been recognized as one of the state’s Best Companies to Work For (Florida Trend Magazine), as well as one of the region's Best Places to Work and 50 Fastest Growing Companies (Jacksonville Business Journal). Get to know Davidson Realty’s talented team of agents by clicking here or call us at (904) 940-5000.

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