According to data from the Northeast Florida Association of Realtors, the median price of single-family homes in May came in at a historic high of $392,000.
, the median price of single-family homes in May came in at a historic high of $392,000. In the condominium and townhouse market, the median sales price rose 2% to $267,500.
Florida Realtors said this week the statewide median sales price for single-family existing homes in May was $420,000.But there are signals that the market is leveling off, according to NEFAR President Mark Rosener. “I was talking to an agent not too long ago. And they said, you know, Mark, I just put a listing on, instead of getting 21 offers in six hours, I got three in four days. So you know, it still is a competitive market, it still absolutely is a seller’s market, but we’re starting to see some of that craziness in the marketplace kind of level out a little bit,” Rosener said.Duval County: $350,000, up 2.9%Nassau County: $411,990, up 5.
Although it’s still a seller’s market, the inventory of homes increased by 10% last month, NEFAR said, a good sign for buyers. “The demand was kind of plateauing for us, which was a great opportunity for us to start to see inventory, build up a little bit, so that our buyers had a little bit more to choose from,” Rosener said.Copyright 2022 by WJXT News4JAX - All rights reserved.
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