“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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