Northeast Florida Market Stats | October 2023

November 21, 2023


“Give thanks not just on Thanksgiving Day, but every day of your life. Appreciate and never take for granted all that you have.” Catherine Pulsifier

I am so thankful for my family and friends and for all the kindness shown to me and my family this year.


The Northeast Florida Association of Realtors market stats for October show the median sales price continues to be stable. The median sales price of $350,550 is up 0.2% from $350,000 in September.


There were 2,047 closed sales in Northeast Florida, which is down 17.1% from the previous year and 9.3% from September. According to Lawrence Yun, National Association of Realtors (NAR) Chief Economist, home sales nationally will likely decline by 18% in 2023 after the 17% drop last year in 2022.

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Northeast Florida Market Update | September 2023

October 26, 2023


“It’s not how much we give, but how much love we put into giving.” Mother Teresa


There was a huge amount of love put into giving at our Jim Davidson Annual Clay Day on October 19th. We were able to donate $150,000 to local charities that he loved. Thank you from our entire family for the love and support!


The September market stats from the Northeast Florida Association of Realtors show that prices remain stable, closed and pending sales are down and supply is up.


The median sales price of all types of properties in all six counties is $350,000 which is down 1.4% from $355,000 in August. The prices have moved up and down slightly on a monthly basis to stay in a small range for the last year.

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Northeast Florida Market Update | August 2023

September 25, 2023


“Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.”Archbishop Desmond Tutu

Jim Davidson’s Annual Clay Day is coming up October 19th. We renamed our Davidson Cares shoot this year to honor Jim. Through your amazing generosity, we have already raised over $25,000 in contributions in Jim’s memory. Last year the shoot raised $101,000 so this year our donations to Jim’s favorite charities are going to be big.

We have almost sold out of teams, but if you want to participate, please go to and buy a raffle ticket or donate. We have our cooler and cocktail raffle, the shotgun, and this year we have added a $1,000 gift certificate to the Ponte Vedra Spa. Be a part of the donations to our amazing local charities.

The Northeast Florida Association of Realtors (NEFAR) market stats for August show the median sales price of $357,000 has been stable for the last 4 months. It has only moved up or down slightly in the last few months.

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Northeast Florida Market Update | July 2023

August 28, 2023


“Love makes your soul crawl out from its hiding place.”

–Zora Neale Hurston


Many of you know my husband just passed away. I just want to thank everyone for the expressions of love. Our family is overwhelmed.


The Northeast Florida Association of Realtors (NEFAR) market stats for July show a slight increase in home prices, fewer closed sales, and slightly more inventory available.


The median sales price of $361,750 is 1.2% higher than June’s $357,500. As I mentioned last month, the prices bottomed out in January 2023 and continue to rise slowly.


The closed sales of 2,294 dropped 20.2% from June’s number of 2,873. Diana Galavis, 2023 NEFAR President said “Interest rates, the cost of goods and services, and available supply are all factors in the decline in closed sales.”


The 30-year mortgage interest rate is a huge factor in our market. Recently rates have been hovering around 7% and many buyers and sellers are on the sideline.

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Northeast Florida Market Update | June 2023

July 24, 2023


“Discipline is choosing between what you want now and what you want most.” Abraham Lincoln




The Northeast Florida Association of Realtors market stats continues to present a unique real estate market in 2023. The median sales price of $360,000 is up slightly (1.4%) from May and down 1.6% from last year. The prices bottomed out at $330,705 in January 2023 and have been steadily rising since. Prices are dictated by supply and demand. Our supply is low, and demand continues to be steady.


You may have seen the article in the Daily Record by Gregg Cohen with JWB Companies. He listed several factors that indicate real estate in Northeast Florida is not likely to crash.


  • Low inventory levels
  • Surging population growth
  • Strong job market
  • High equity levels in existing homes


Brian Buffini also talked about high equity levels in his recent Bold Predictions. He said nationally 39% of homes are owned free and clear, 29% have 50% or more equity in their home which leaves 32% of owners with less than 50% equity. These stats don’t look anything like the Great recession.

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