DUVAL COUNTY, Fla. – Northeast Florida’s housing market continued to normalize in April, with the median price for single-family homes dipping 1.3 percent to $390,000 while inventory rose, the Northeast Florida Association of Realtors said Monday.
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The Home Affordability Index for the six-county region remained at 86. Closed sales for single-family homes totaled 1,845, down 3.4 percent from March, and pending sales fell 31.7 percent to 1,356. New listings rose 1.7 percent to 2,755, and active inventory increased 10.7 percent to 7,098 properties. The median number of days on the market was 35, a 12.5 percent decline from the prior month.
“April’s numbers continue to reflect a market that is stabilizing and becoming more balanced across Northeast Florida. Buyers are seeing more options and greater flexibility, while sellers are still benefiting from steady activity,” said NEFAR President Kim Knapp. “As inventory grows and affordability continues to influence decisions, we are seeing a healthier pace emerge across the region.”
Click through the interactive map below.
County highlights
- Duval County: Median single-family price was $332,500. Homes spent a median 33 days on the market, down 7.1 percent. Closed sales totaled 910, down 7.2 percent. New listings rose 3.2 percent to 1,370, and active inventory was 3,395, a 3.7-month supply. The Home Affordability Index was 101.
- Clay County: Median price rose 0.3 percent to $365,000. Median days on market were 47. Closed sales increased 6.5 percent to 295. New listings fell 5.9 percent to 400, and active inventory was 1,018, a 3.5-month supply. The index was 92.
- St. Johns County: Median price climbed 7.3 percent to $587,000. Median days on market fell 31.9 percent to 32. Closed sales were 482, up 0.2 percent, with 339 pending sales. Active inventory was 1,893, a 3.9-month supply. The index fell to 57.
- Putnam County: Median price rose 52.9 percent to $289,000. Median days on market increased 44.4 percent to 52. Closed sales were 33, with 31 pending. New listings rose 15.3 percent to 68. Active inventory was 241, a 7.3-month supply. The index fell to 116.
- Nassau County: Median price was $463,770, up 0.8 percent. Median days on market increased 5.8 percent to 55. Closed sales fell 6 percent to 110, and pending sales dropped 29.9 percent to 89. New listings were 145, down 9.4 percent. Active inventory was 465, a 4.2-month supply. The index was 72.
- Baker County: Median price fell 17.9 percent to $270,900. Homes spent a median 19 days on the market, down 71.2 percent. Closed sales were 15, with eight pending and 26 new listings. Active inventory was 86, a 5.7-month supply. The index rose to 124.
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. An index of 100 means a median-income family has exactly the income needed to buy a median-priced existing home; values above 100 indicate greater affordability.
The Northeast Florida Association of Realtors represents more than 13,000 members across the region. The Northeast Florida Multiple Listing Service (doing business as realMLS) is a wholly owned subsidiary of NEFAR.