Real estate prices rise by 4%in the northeast of Florida when the stock increases

The median price of a single -family house rose by 4% in February, while the existence rose by 10.7%, according to the Northeast Florida Association of Realors.

Nefar delivers monthly sales data for household data for Duval, Baker, Clay, Nassau, Putnam and St. Johns Counties.

The mean price of $ 389,989 in February rose by 1.1%compared to the previous year. The record is 403,000 US dollars in May 2024.

In the region there is now a 6.3-month supply of houses, the highest in at least five years, with the active inventory growing from 7,184 to 7,954 houses. The NEFAR Market Review website only goes back to February 2020.

The closed sales rose 8.7% to 1,271 compared to 1,169 in January. However, the pending sales fell by 16.4%in February.

“While some buyers stay on the fence, others confiscate these conditions to choose exactly the house they want and can negotiate with sellers on their conditions,” said Mario Gonzalez, President of 2025, in press release.

The index for the affordability at home was deteriorated from 68 to a little to 66. The closer the index is to 100 points, the more capable to buy an average family, to buy a house. This is based on interest rates, average income and medium -sized real estate prices.

Nefar's district attraction

Baker: The average price fell by 2.5% to $ 311,500. The closed sales fell 28.6% to 10. The active inventory rose 6.7% to 80. The offer of the months is 8.

Clay: The average price fell 0.2% to $ 352,900. The closed sales rose by 10.6% to 177. The active inventory rose by 10.1% to 1,137. The months of supply is 6.4.

Duval: The average price rose by 5.4% to USD 334,000. The closed sales rose 8.5% to 667. The active inventory rose 10.2% to 3,893. The months of supply is 5.8.

Nassau: The average price fell by 2.7% to $ 457,450. The closed sales rose by 22.4% to 82. The active inventory rose by 5.7% to 486. The offer of the months is 5.9.

Putnam: The average price rose by 10.8% to $ 257,500. The closed sales were unchanged at 32. The active inventory fell by 1.1% to 277. The offer of the months was 8.7.

St. Johns: The middle price rose 4.6% to 549,000. The closed sales rose by 7.8% to 303. The active inventory rose by 15.4% to 2,081.

Allow data

The Northeast Florida Builder Association reported that in February 655 permits for new single-family houses in the counties Baker, Clay, Duval, Nassau and St. Johns were granted.

This year the pace of 2024 shows a two -month total number of 1,584 compared to the 2,159 in the same period of the previous year.