The housing market in Northeast Florida experienced a continued cooldown in September, according to the Northeast Florida Association of Realtors (NEFAR).
With prices remaining relatively stable, buyers found themselves with a bit more leverage and a broader selection of inventory. Realistic pricing and patience, meanwhile, rewarded sellers in this environment of elevated competition.
Throughout the region, the market continued shifting toward balance.
“We’re seeing a healthy, more balanced market right now,” said NEFAR President Mario Gonzalez. “One that offers benefits on both sides of the table. Buyers are finding opportunities to secure homes with better terms and stronger negotiating power, while sellers are being strategic and choosing to list before conditions shift further. It’s a season of adjustment, but also one of opportunity for those who move wisely.”
In Duval County, September’s median price for a single-family home was $330,000, a slight decrease (2.9%) from August, with homes remaining on the market for an average of 41 days. Both closed and pending sales – 841 and 615, respectively–decreased in September, as did new listings, which dropped 11.1% to 1,211.
Duval County had an active inventory of 4,164 homes – or a five-month supply. With a Home Affordability Index of 82, Duval County is Northeast Florida’s third most affordable county, behind Putnam and Baker counties.
