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Local Market Update – September 2021 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Southside

+ 3.7%

- 11.2%

+ 12.4%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 02

September

New Listings Closed Sales

Year to Date

2020

2021

+/–

2020

2021

+/–

428

444

+ 3.7%

3,947

4,180

+ 5.9%

421

374

- 11.2%

3,148

3,543

+ 12.5%

$245,000

$275,450

+ 12.4%

$244,773

$265,000

+ 8.3%

Percent of Original List Price Received*

97.8%

99.6%

+ 1.8%

97.0%

100.0%

+ 3.1%

Percent of Properties Sold Over List Price*

20.9%

34.8%

+ 66.5%

15.2%

35.8%

+ 135.5%

Days on Market Until Sale

52

27

- 48.1%

59

35

- 40.7%

Inventory of Homes for Sale

748

521

- 30.3%

--

--

--

Months Supply of Inventory

2.1

1.3

- 38.1%

--

--

--

Median Sales Price*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

September

2020

444

428

421

+ 3.7% New Listings

Year to Date

2021

3,543

3,148

+ 12.5% Closed Sales

+ 5.9% New Listings

- 11.2% Closed Sales

2021

4,180

3,947

374

2020

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Southside

a

+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

1-2020

1-2021

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

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