DUVAL COUNTY, Fla. – Northeast Florida’s housing market showed signs of easing in January as inventory grew and affordability improved, giving buyers more choice even as sales slowed after the holiday rush, the Northeast Florida Association of Realtors said.
The median sales price for single-family homes across the six-county region fell 5.1 percent to $369,990. The Home Affordability Index rose to 92. Closed sales totaled 1,115, a 38.8 percent decrease from December. Pending sales were 1,163. New listings climbed to 2,457, up 68.5 percent from December, and active inventory rose 4.4 percent to 6,598 properties. The median number of days on market was 51.
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“Northeast Florida is moving toward a healthier balance,” NEFAR President Kim Knapp said. “Increased inventory and improved affordability are giving buyers renewed confidence, while sellers continue to benefit from consistent demand. This reflects a maturing market that supports long-term stability across our region.”
County-by-county
Duval County — The median price for single-family homes was $313,950, down 6.3 percent from December. Median days on market increased 9.5 percent to 46. Closed sales fell 36.2 percent to 584; pending sales were 565. New listings rose 62.9 percent to 1,303, and active inventory was 3,321 homes, a 5.7-month supply. The Home Affordability Index climbed 7.9 percent to 109.
Clay County — The median price rose 3.4 percent to $368,000. Median days on market were 50. Closed sales were 181, down 27.9 percent; pending sales were 189, up 8 percent. New listings increased 49.1 percent to 319, and active inventory was 921 homes, a 5.1-month supply. The Home Affordability Index was 93.
St. Johns County — The median price was $546,500, down 0.6 percent. Median days on market rose 13.4 percent to 64. Closed sales were 268; pending sales were 288. New listings nearly doubled, up 96.9 percent to 577. Active inventory was 1,618 homes, a six-month supply. The Home Affordability Index was 62.5, making St. Johns the most expensive county in the region.
Putnam County — The median price dropped 15.2 percent to $228,900. Median days on market fell 44.7 percent to 39. Closed sales decreased 36.1 percent to 23; pending sales were 26. New listings rose 65 percent to 66. Active inventory was 216 homes, a 9.3-month supply. The Home Affordability Index was 149, the highest in the region.
Nassau County — The median price was $435,000, down 4.4 percent from December. Median days on market were 56, up 3.7 percent. Closed sales fell 55.5 percent to 49; pending sales rose 13.5 percent to 84. New listings increased 91.2 percent to 174. Active inventory rose 4.2 percent to 463 homes, a 9.4-month supply. The Home Affordability Index rose to 79.
Baker County — The median price increased to $401,000. Median days on market were 65, a 5.1 percent decrease. There were 10 closed sales, 11 pending sales and 18 new listings. Active inventory was 61 homes, a 6.1-month supply. The Home Affordability Index was 85.5.
The Home Affordability Index measures whether a typical family earns enough to qualify for a mortgage on a typical home, based on current interest rates, median income and median home prices, assuming a 20 percent down payment. An index of 100 means a median-income family has exactly the income needed to purchase a median-priced existing home; a number above 100 means greater affordability.