Northeast Florida Market Stats | May 2024

June 25, 2024

 | 

“Failure will never overtake me if my determination to succeed is strong enough.” Og Mandino

 

Og inspires me every day. He shares so much wisdom.

 

The Northeast Florida Association of Realtors (NEFAR) May market stats show a slight increase in median sales price and a slight increase in closed sales. The median sales price of $375,000 for all property types is 3.2% higher than last month and 5.6% higher than last year. You may have seen articles that the median sales price went over $400,000, which it did for single family homes.

 

There were 2,604 closed sales in May, which is 3.1% higher than last month, but 8.2% lower than last year. We were seeing good sales activity in early April before mortgage interest rates went back above 7%. The properties that went under contract in late March and early April closed in May.

Read more

Northeast FL Real Estate Trends in March – Pending Sales, Closings, and Sales Prices are all up!

April 29, 2013

 | 

If I’d just tried for them dinky singles I could’ve batted around .600.” Babe  Ruth

You know I had to use a baseball quote since the Atlanta Braves have started out so well. You can take what you want from the quote. I am all about doing the basics correctly and having lots of singles, although I have to admit that homeruns are sure exciting. The NEFAR market stats for March make me almost as happy as baseball.

There were 2,375 pending sales in March which is an increase of 41% over the previous March. February was the first month in 24 months with over 2,000 contracts pending (2,005) and March reached 2,375. Read more

May Real Estate Trends – Pending Sales Increasing, Inventory Decreasing and Prices Stabilizing

June 22, 2012

 | 

“High expectations are the key to everything.”  Sam Walton

logo-nefarMy expectations about the Northeast Florida housing market remain high after reviewing the Northeast Florida Association of Realtors Market Stats for May.

The biggest news for May is pending sales of 2,114. The last time we had over 2,000 contracts written in a month was in early 2006. Pending sales are up 36% over last May and 19% year to date through May compared to the previous year. The price range with the largest increase in pending sales is the $1 Million and up properties with a 39% increase. Read more

Davidson Realty