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Northeast Florida Market Stats | June 2026

July 31, 2026

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Posted by in Uncategorized

“Every morning in Africa a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must outrun the slowest gazelle or it will starve to death. It doesn’t matter whether you are a lion or a gazelle. When the sun comes up, you better start running.” –  African Proverb

 

This quote is especially meaningful to me this month as we remember my late husband, Jim. We will soon celebrate both his birthday and the anniversary of his passing. Jim loved Africa, and this proverb was one of his favorites.

 

As I mentioned last month, I will continue using the Northeast Florida Association of Realtors® Market Review statistics for most of this update. However, for pending sales, I am using Florida Realtors® data because it includes “active under contract” properties, providing a more complete picture of current buyer activity.

 

The Northeast Florida housing market continued to show encouraging signs in June.

 

The median sales price for all property types reached $333,475, an increase of 1.8% from May and 7.9% higher than one year ago. Median prices have now increased every month since January, demonstrating continued strength in our local market.

There were 3,166 closed sales in June. Closed sales have remained remarkably stable since March, increasing 1.6% over May while being 3.8% below last year’s level.

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Northeast Florida Market Stats | October 2025

November 24, 2025

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Posted by in Uncategorized

“Be present in all things and thankful for all things.” — Maya Angelou

 

The latest market review from the Northeast Florida Association of Realtors® (NEFAR) is out, and it shows a market that continues to find its balance as we head toward the end of the year. The market highlights:

 

  • Median Sales Price: $294,900 — down 3.3% from September but still up 0.1% from last year. Overall, prices remain stable.
  • Closed Sales: 2,707 — down 4.2% from last month and up 0.7% year-over-year.
  • Pending Sales: 2,083 — down sharply, 24.7% from September and 18.5% from last year.
  • Active Inventory: 11,969 — up just 0.4% from September, down 1.1% from last year, showing steady supply.
  • Months of Supply: 4.4 months — up slightly from 4.2 months in September, signaling a market moving toward balance between buyers and sellers.

According to the National Association of Realtors® 2025 Profile of Home Buyers and Sellers, the housing landscape continues to evolve:

 

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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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Northeast Florida Market Stats | November 2024

December 27, 2024

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Posted by in Uncategorized

“It is Christmas in the heart that puts Christmas in the air.” W.T. Ellis

 

Everyone at the Davidson Companies wishes you a Merry Christmas!

 

The November 2024 Market Review from the Northeast Florida Association of Realtors looks a lot like the October Review. The median sales price for all property types in all 6 counties is $350,000 which is down 4.1% from last year and up 1.4% from last month. The median sales price has remained stable all year.

 

There were 1,846 closed sales which is up 0.3% from last year and down 12.58% from last month. Pending sales of 1,502 are down 12.8% from last year and down 19.8% from last month.

 

Active inventory of 10,556 homes is up 74% from last year and 8% from last month. This is a huge increase but between 2012 and 2019 active inventory stayed in the range of 8,000 to 10,000 homes. This inventory level is being compared to very low levels after the pandemic.

 

Months supply of inventory is 5.37 months. Five to six months of inventory is considered a balanced market.

 

In summary, the sales price is stable. Sales and closings have remained low for the past 2 years. Inventory continues to grow. When mortgage interest rates were low, the inventory was low. As interest rates have stayed higher, inventory is growing.

 

I have listened to predictions from multiple economists recently from the Realtor Associations, the Homebuilders Association and several independent companies. Most economists are predicting mortgage interest rates to be near 6% in 2025. Even if short-term interest rates drop, they are not predicting large drops in mortgage interest rates.

 

Dr. Lawrence Yun, the NAR chief economist is predicting existing home sales to grow 7 to 12% in 2025 and new homes sales to grow 11%. A few economists are predicting smaller growth, and a few are predicting more.

 

Most of the economist are predicting median home prices to rise slightly. Dr. Yun is predicting a 2% rise in prices nationally. Some local markets will do a little better and some worse, but I haven’t seen anyone predicting large price decreases.

 

With the election behind us and a little more stability in mortgage interest rates, I expect 2025 to be a better year for the real estate industry.

 

Thank you for your support this year and please let me know if we can help with any of your real estate needs. Wishing you a wonderful 2025!

 

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Northeast Florida Market Stats | August 2024

September 30, 2024

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Posted by in Uncategorized

“Not all of us can do great things. But we can do small things with great love.” Mother Teresa

 

We present our Jim Davidson’s Annual Clay Day to you with great love. Our event is October 17th, and you could do a small thing to support six great local charities by purchasing a raffle ticket to one of our four great prizes. We have $1,000 of scratch off lottery tickets, our cooler and cocktail, a $1,000 gift certificate and basket to the Ponte Vedra Spa, and a 12-gauge shotgun. Go to DavidsonCares.com for all the details.

 

We are all wondering what will happen with mortgage interest rates with the Federal Reserve meeting next week. “Predicting mortgage rates is difficult due to the complexity and interplay of various economic factors that influence them. However, in very simple terms, historical data suggests that a 100-basis point rate cut typically leads to an 87-basis point drop in mortgage rates. With the Fed expected to lower its rates by 50 basis points by the end of the year, mortgage rates could fall to around 5.9% by year’s end. Nevertheless, this impact will likely be lessened as mortgage rates have already priced in some of the expected rate cuts. As of now, mortgage rates are already over 100 basis points lower than they were at the end of May 2024.” (National Association of Realtors)

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