Market Insight Master

Page 2

cators Monthly Indicators


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, however, for all by NEFAR members) whether the useorisother. written, broadcast, spoken, NEFAR members) whether theuses use (including is written, use digital, broadcast, spoken, social media Usedigital, of NEFAR data must be social media or other. Use of NEFAR data must be accompanied Florida by Association the followingofattribution Realtors . – Source: Northeast Florida Association of Realtors . – Source: Northeast

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.

September 2021

Quick Facts

Quick Facts

e down slightly Nationwide, in August, existing fallinghome 2% after salestwo were down slightly in August, falling 2% after two cording to consecutive the National months Association of increases, of according to the National Association of home sales REALTORS®. coincides with The rising decline sales in prices, existing home sales coincides within rising salesChange prices,in Change l, with the median which have salescontinued price of existing to soar homes into fall, with the median Closed sales price of existing Sales Medianhomes Sales Price clining affordability up 14.9% has compared had a significant to last year. impact Declining affordability has had a significant impact e been priced on out homebuyers, of the market many and of are whom have been priced out of the market and are ase beforechoosing resumingto their waithome for sales search. prices to ease before resuming home search. Market their Overview

- 12.5%

+ 19.7%

- 29.1% - 12.5% Change inChange in Inventory Closed Sales

+ 19.7%

- 29.1%

Change in Median Sales Price

Change in Inventory

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


New Listings 3


Pending Sales 4


Closed Sales 5


Market Until e Median Sales Prices Price continued increased to gain 19.7traction. percent The to Median SalesDays PriceOn increased 19.7Sale percent to n 51.6 percent to 30 days. werewas down 51.6 percent Median $307,230. DaysSellers on Market to 30 days. Sellers Sales Price were entory wasencouraged down 34.8 percent as Months to 1.5 Supply months. of Inventory was down 34.8 percent to 1.5 months. Average Sales Price

Days On Market 6 Until Sale


Median Sales 7 Price


Average Sales 8 Price


Percent of Original List Price Received hifting, however. listings continued There New are signs thehave market may be to shifting, however. New listings have continued to ends commonly in the fall, a seasonality time when trends commonly hit theseen market, bucking seen in the fall, a time when Percent of Properties Sold Over List Price ws as children return school. As inventory listing andto sales activity typically slows as children return to school. As inventory Housing Affordability Index ay soften, and could even bring a moderation in soften, and could even bring a moderation in increases, competition for homes may Inventory ofwould Homes Sale to the s of year-over-year gains, wouldafter be music to the of year-over-year sales prices, which, 114 months gains, befor music country. ears of homebuyers throughout the country. Months Supply of Inventory

Percent of9Original List Price Received


New Listings region increased New Listings 7.4 percent in the to Northeast 3,633. Pending Florida region increased 7.4 percent to 3,633. Pending Pending Sales 1. InventorySales levels were fell 29.1 downpercent 5.1 percent to 4,850 to 3,201. Inventory levels fell 29.1 percent to 4,850 units. Closed Sales

Housing Supply Overview Report

Percent of 10Properties Sold Over List Price


Housing Affordability 11 Index


Inventory12 of Homes for Sale


Months Supply 13 of Inventory


Housing Supply 14 Overview Report


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

Current as of October 8, 2021. All data from Northeast Florida Multiple Current ListingasService. of October Report 8, 2021. © 2021 All ShowingTime. data from Northeast | 1 Florida Multiple Listing Service. Report © 2021 ShowingTime. | 1