Davidson Realty, Inc.

Northeast Florida Market Stats | June 2025

July 21, 2025

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Posted by in News

‘The pessimist sees difficulty in every opportunity. The optimist sees an opportunity in every difficulty.’ – Winston Churchill

 

After three years of elevated interest rates and a cooling sales environment, the market continues to demonstrate evolving opportunities. According to the Northeast Florida Association of Realtors’ June 2025 report:

 

  • Median sales price of $350,000 is unchanged from May and down 1.4% from last year.
  • Closed sales totaled 2,597, a 3.4% dip from May and a 5.3% decrease compared to June 2024.
  • Pending sales saw a notable decline, down 32.5% from May and 31.7% year-over-year, indicating a cautious but watchful buyer pool.
  • Active inventory of 12,364 is up slightly 2.2% from May and 13.3% from last year, offering more choices to prospective buyers.
  • There is 4.8 months’ supply of homes available reflecting a more balanced market between buyers and sellers.

While higher mortgage rates and affordability challenges continue to temper demand, inventory levels remain far more stable than in past downturns, such as the Great Recession, when forced sales drove oversupply. Notably, Florida Realtors reported statewide single-family home prices in May were 2.7% lower than last year, but still an impressive 54% higher than in 2020.

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Sing Out Loud Returns to St. Augustine September 2025

July 9, 2025

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Posted by in News

 

The annual festival celebrates live music & entertainment every Friday, Saturday and Sunday

 

Sing Out Loud is back! The annual festival is an epic celebration of live music and entertainment, and it’s right here in St. Augustine. One of the biggest music festivals in the Southeast, Sing Out Loud brings together an eclectic array of musical acts, from local bands to national headliners. There will be music all over town on Fridays, Saturdays and Sundays — and most of it is free! Venues include the St. Augustine Amphitheatre, Sarbez!, Shanghai Nobby’s, Trade Winds Lounge, Spinster Abbott’s, Colonial Oak Music Park, Dog Rose Brewing Co. and Francis Field, which hosts the main stage: the Lively Wildly Showcase on Saturday, September 20th and Sunday, September 21st, 2025.

 

Sing Out Loud began in 2016, with humble but exciting beginnings, and brought together local and regional acts to stages around town. The festival has featured more than 1,500 national, regional and local musicians, and welcomed more than 330,000 live music enthusiasts to St. Augustine. Now in its 9th year, Sing Out Loud continues to attract national touring bands. In 2023, the Black Keys, Maggie Rogers and Mumford & Sons took the stage. Last year, country music superstar Eric Church, JJ Grey & Mofro and Norah Jones headlined. This year, the line-up is even more impressive.

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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.

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Hurricane Preparedness Guide

June 12, 2025

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Posted by in News

Prep now to stay safe during hurricane season 2025

Hurricane season officially starts on June 1st, and runs until November 30th, and even though storms in the Atlantic don’t usually pop up until late summer, now is the time to make a plan to stay safe this season. Hurricanes, also referred to as tropical cyclones, are large, swirling storms that form when the ocean is especially warm. They produce powerful sustained winds of 74 to 157+ mph, as well as heavy rainfall, severe thunderstorms, tornadoes and potentially catastrophic storm surge. If you live in coastal or low-lying areas, or areas that frequently flood, you must be prepared for water intrusion – and if the storm is heading your way, no matter how high your elevation, high winds can be equally as damaging as rising waters. Plus, hurricanes form fast, with warnings and watches being issued only 36-48 hours before the storm hits. With climate change resulting in warmer waters every year, this year is predicted to have a 60% chance of an above-normal hurricane season, with the National Oceanic and Atmospheric Administration (NOAA) forecasting a range of 13 to 19 total named storms, of which 6-10 are forecast to become hurricanes, including 3-5 major hurricanes (category 3, 4 or 5; with winds of 111 mph or higher). To stay safe, it’s imperative to have a plan – and this guide will help you prepare.

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Northeast Florida Market Stats | March 2025

April 29, 2025

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Posted by in News

 

“Being deeply loved by someone gives you strength, while loving someone deeply gives you courage.” Lao Tzuo

 

Mothers are an amazing source of love, and I wish all mothers a happy Mother’s Day May 11th!

 

The latest data from the Northeast Florida Association of Realtors reflects a market that continues to shift in favor of buyers, prices are still slightly lower than last year, and inventory continues to increase.

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