‘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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