Page 1

Market Insight - March 2019

NORTHEAST FLORIDA HOUSING MARKET

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing.


cators Monthly Indicators

ORTHEAST FLORIDA A RESEARCH ASSOCIATION TOOL PROVIDED OF REALTORS BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

edit: NEFARRequired is happy to Reprint share /our Use market and Source statistical Credit: reportNEFAR data; prior is happy permission to share is our not market required. statistical Source report creditdata; is required, prior permission is not required. Source credit is required, NEFAR members) however, whether for all theuses use (including is written, use digital, by NEFAR broadcast, members) spoken, whether social media the useorisother. written, Usedigital, of NEFAR broadcast, data must spoken, be social media or other. Use of NEFAR data must be – Source: Northeast accompanied Florida by Association the followingofattribution Realtors . – Source: Northeast Florida Association of Realtors .

vity of single-family All data residential, represents Realtor-brokered condo and townhome activity sales of single-family combined. As residential, all Nassaucondo and St. and Johns townhome Countysales Realtors combined. are notAs all Nassau and St. Johns County Realtors are not le Listing Service members – a wholly of the owned Northeast subsidiary Florida Multiple of the Northeast Listing Service Florida–Association a wholly owned of Realtors subsidiary – reports of thedo Northeast not represent Florida the Association full of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

Quick Facts

ng housing In price addition increases to theand quandary affordability of ongoing housing price increases and affordability first quarterconcerns of 2019 saw in many a fairU.S. share markets, of adverse the first quarter of 2019 saw a fair share of adverse xed acrossweather the nation as well. and sometimes Sales totals were mixed across the nation andinsometimes Change in Change wintry mix,dependent especially on in the what Great wasPlains, a persistent wintry mix, especially in Sales the Great Plains, Closed Median Sales Price new listingsMidwest and total and homes Northeast. for sale Meanwhile, have beennew listings and total homes for sale have been mparisons intrending many areas, lowerand in year-over-year last year's marks comparisons in many areas, and last year's marks were already quite low. Market Overview

- 6.6%

+ 2.2%

+ 3.7% - 6.6% Change inChange in Inventory Closed Sales

+ 2.2%

+ 3.7%

Change in Median Sales Price

Change in Inventory

Market Overview 2 All data provided by the Northeast Florida Multiple Listing Service.

2

New Listings 3

3

Pending Sales 4

4

Closed Sales e Median Sales Price increased 2.2 percent Prices continued to gain traction.to The Median Sales Price increased 2.2 percent to On Market Until Sale n 1.4 percent $229,900. to 71 days. Days Absorption on Marketrates was were down 1.4 percent toDays 71 days. Absorption rates were y of Inventory remained at as 3.6Months months.Supply of Inventory remained even with lastflat year flat at 3.6 months. Median Sales Price

Closed Sales 5

5

Days On Market 6 Until Sale

6

Median Sales 7 Price

7

Average Sales Price nced that no further interest rate recently hikes areannounced that no further interest rate hikes are The Federal Reserve Percent List nine Pricetimes Received the federalplanned funds rate increased nine for has 2019. Given the facttimes that the federal funds rate of hasOriginal increased elcome news forthe U.S. consumers, which carrywelcome news for over past three years, this was U.S. consumers, which carry Percent of Properties Sold Over List Price revolving credit card debt per household. Fedin revolving credit card debt per household. Fed an approximate average of $6,000 Housing Affordability Index rates, so the pausealso in rate was mortgage also actions tendhikes to affect rates, so the pause in rate hikes was also Inventory of Homes for Sale estate industry. welcome news to the residential real estate industry.

Average Sales 8 Price

8

Percent of9Original List Price Received

9

New Listings region increased New Listings 0.8 percent in the to Northeast 3,908. Pending Florida region increased 0.8 percent to 3,908. Pending nventory levels to 9,162 units.Inventory levelsPending Salesrose were3.7 uppercent 2.2 percent to 2,979. rose 3.7Sales percent to 9,162 units.

Percent of 10Properties Sold Over List Price

10

Housing Affordability 11 Index

11

Inventory12 of Homes for Sale

12

Months Supply of Inventory

Months Supply 13 of Inventory

13

Housing Supply Overview Report

Housing Supply 14 Overview Report

14

Area breakouts of 33 submarkets begin after pageArea 21. breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Current Service. as of April Report 8, 2019. © 2019 All ShowingTime. data from Northeast | 1 Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Market Overview Key market metrics for the current month and year-to-date.

Key Metrics

Historical Sparklines

New Listings 3-2016

3-2017

3-2018

3-2016

3-2017

3-2018

3-2019

3-2016

3-2017

3-2018

3-2019

Closed Sales Days on Market Until Sale 3-2017

3-2018

3-2016

3-2017

3-2018

3-2019

3-2016

3-2017

3-2018

3-2019

Average Sales Price

Percent of Properties Sold Over List Price

3-2016

3-2017

3-2018

YTD 2018 YTD 2019

+/-

3,878

3,908

+ 0.8%

10,064

10,552

+ 4.8%

2,915

2,979

+ 2.2%

7,330

7,706

+ 5.1%

2,633

2,459

- 6.6%

6,206

6,230

+ 0.4%

72

71

- 1.4%

71

73

+ 2.8%

$225,000

$229,900

+ 2.2%

$215,000

$220,000

+ 2.3%

$267,205

$267,500

+ 0.1%

$257,665

$256,201

- 0.6%

96.0%

95.5%

- 0.5%

95.5%

95.1%

- 0.4%

15.4%

15.4%

0.0%

13.5%

13.6%

+ 0.7%

138

137

- 0.7%

145

143

- 1.4%

8,836

9,162

+ 3.7%

--

--

--

3.6

3.6

0.0%

--

--

--

3-2019

3-2016

3-2017

3-2018

3-2019

3-2016

3-2017

3-2018

3-2019

Housing Affordability Index Inventory of Homes for Sale Months Supply of Homes for Sale

+/-

3-2019

Median Sales Price

Percent of Original List Price Received

3-2019

3-2019

Pending Sales

3-2016

3-2018

3-2016

3-2017

3-2018

3-2019

3-2016

3-2017

3-2018

3-2019

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 2


New Listings A count of the properties that have been newly listed on the market in a given month.

March

Year To Date 3,908

3,878

3,691

2017

10,064

9,706

+5.1%

+0.8%

2018

2019

2017

10,552

+3.7%

+4.8%

2018

2019

Month

Prior Year

Current Year

+/–

April 2018

3,386

3,839

+13.4%

May 2018

3,492

3,814

+9.2%

June 2018

3,434

3,899

+13.5%

July 2018

3,240

3,832

+18.3%

August 2018

3,658

3,763

+2.9%

September 2018

2,287

3,177

+38.9%

October 2018

3,007

3,430

+14.1%

November 2018

2,597

2,919

+12.4%

December 2018

2,099

2,055

-2.1%

January 2019

2,962

3,281

+10.8%

February 2019

3,224

3,363

+4.3%

March 2019

3,878

3,908

+0.8%

12-Month Avg

3,105

3,440

+10.8%

Historical New Listing Activity 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 3


Pending Sales A count of the properties on which contracts have been written in a given month.

March

Year To Date 2,979

2,915

2,803

2017

+4.0%

+2.2%

2018

2019

7,330

7,253

2017

7,706

+1.1%

+5.1%

2018

2019

Month

Prior Year

Current Year

+/–

April 2018

2,738

2,998

+9.5%

May 2018

2,737

2,964

+8.3%

June 2018

2,764

2,678

-3.1%

July 2018

2,685

2,820

+5.0%

August 2018

2,580

2,684

+4.0%

September 2018

1,911

2,351

+23.0%

October 2018

2,347

2,498

+6.4%

November 2018

2,177

2,138

-1.8%

December 2018

1,956

1,880

-3.9%

January 2019

2,070

2,240

+8.2%

February 2019

2,345

2,487

+6.1%

March 2019

2,915

2,979

+2.2%

12-Month Avg

2,435

2,560

+5.1%

Historical Pending Sales Activity 3,250 3,000 2,750 2,500 2,250 2,000 1,750 1,500 1,250 1,000 750 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 4


Closed Sales A count of actual sales that have closed within a given month.

March

Year To Date

2,642

2,633

2017

6,226

2,459

-0.3%

-6.6%

2018

2019

6,206

2017

6,230

-0.3%

+0.4%

2018

2019

Month

Prior Year

Current Year

+/–

April 2018

2,509

2,712

+8.1%

May 2018

2,949

2,960

+0.4%

June 2018

3,027

3,091

+2.1%

July 2018

2,644

2,777

+5.0%

August 2018

2,832

2,894

+2.2%

September 2018

2,013

2,322

+15.4%

October 2018

2,329

2,533

+8.8%

November 2018

2,239

2,383

+6.4%

December 2018

2,633

2,343

-11.0%

January 2019

1,638

1,703

+4.0%

February 2019

1,935

2,068

+6.9%

March 2019

2,633

2,459

-6.6%

12-Month Avg

2,448

2,520

+3.5%

Historical Closed Sales Activity 3,500

3,000

2,500

2,000

1,500

1,000

500 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 5


Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.

March

Year To Date

83

82 72

2017

-13.3%

-1.4%

2018

2019

73

71

71

2017

Prior Year

Current Year

+/–

April 2018

75

66

-12.0%

May 2018

73

60

-17.8%

June 2018

66

58

-12.1%

July 2018

67

60

-10.4%

August 2018

65

60

-7.7%

September 2018

66

65

-1.5%

October 2018

64

59

-7.8%

November 2018

65

61

-6.2%

December 2018

71

69

-2.8%

January 2019

69

70

+1.4%

February 2019

73

76

+4.1%

March 2019

72

71

-1.4%

12-Month Avg

69

64

-7.0%

1-2018

1-2019

Month

-13.4%

+2.8%

2018

2019

Historical Days on Market Until Sale 130 120 110 100 90 80 70 60 50 40 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 6


Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.

March

Year To Date $229,900

$225,000

$215,000

$194,500

$220,000

$189,000

2017

+15.7%

+2.2%

2018

2019

Prior Year

Current Year

+/–

April 2018

$199,694

$220,000

+10.2%

May 2018

$212,000

$225,000

+6.1%

June 2018

$211,214

$235,000

+11.3%

July 2018

$215,000

$230,000

+7.0%

August 2018

$205,000

$220,000

+7.3%

September 2018

$208,850

$216,005

+3.4%

October 2018

$204,825

$212,000

+3.5%

November 2018

$208,000

$220,000

+5.8%

December 2018

$211,960

$226,243

+6.7%

January 2019

$203,990

$205,990

+1.0%

Month

+13.8%

+2.3%

2018

2019

2017

February 2019

$217,950

$222,500

+2.1%

March 2019

$225,000

$229,900

+2.2%

12-Month Med

$210,000

$223,000

+6.2%

Historical Median Sales Price $260,000 $240,000 $220,000 $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 7


Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.

March

Year To Date $267,205

$267,500

$257,665

$241,999

$256,201

$231,211

2017

+ 10.4%

+ 0.1%

2018

2019

Prior Year

Current Year

+/–

April 2018

$244,796

$268,842

+9.8%

May 2018

$252,430

$272,158

+7.8%

June 2018

$255,383

$280,813

+10.0%

July 2018

$254,211

$274,426

+8.0%

August 2018

$247,080

$264,478

+7.0%

September 2018

$248,831

$256,349

+3.0%

October 2018

$251,264

$263,729

+5.0%

November 2018

$250,357

$261,303

+4.4%

December 2018

$258,636

$267,350

+3.4%

January 2019

$243,531

$241,687

-0.8%

Month

+ 11.4%

- 0.6%

2018

2019

2017

February 2019

$256,654

$254,715

-0.8%

March 2019

$267,205

$267,500

+0.1%

12-Month Avg

$252,892

$265,784

+5.1%

Historical Average Sales Price $300,000 $280,000 $260,000 $240,000 $220,000 $200,000 $180,000 $160,000 $140,000 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 8


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

March 2019

Quick Facts

In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low. New Listings in the Northeast Florida region increased 0.8 percent to 3,908. Pending Sales were up 2.2 percent to 2,979. Inventory levels rose 3.7 percent to 9,162 units. Prices continued to gain traction. The Median Sales Price increased 2.2 percent to $229,900. Days on Market was down 1.4 percent to 71 days. Absorption rates were even with last year as Months Supply of Inventory remained flat at 3.6 months. The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.

- 6.6%

+ 2.2%

+ 3.7%

Change in Closed Sales

Change in Median Sales Price

Change in Inventory

Market Overview

2

New Listings

3

Pending Sales

4

Closed Sales

5

Days On Market Until Sale

6

Median Sales Price

7

Average Sales Price

8

Percent of Original List Price Received

9

Percent of Properties Sold Over List Price

10

Housing Affordability Index

11

Inventory of Homes for Sale

12

Months Supply of Inventory

13

Housing Supply Overview Report

14

Area breakouts of 33 submarkets begin after page 21.

Current as of April 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1

Profile for Coldwell Banker Vanguard Realty

Market Insight Mar_2019  

Market Insight Mar_2019