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

Riverside / Avondale / Ortega

+ 7.5%

- 14.5%

- 2.1%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 03

September

New Listings Closed Sales

Year to Date

2020

2021

+/–

2020

2021

+/–

67

72

+ 7.5%

629

673

+ 7.0%

62

53

- 14.5%

477

578

+ 21.2%

$375,000

$367,000

- 2.1%

$317,000

$350,000

+ 10.4%

Percent of Original List Price Received*

95.4%

97.3%

+ 2.0%

95.2%

97.1%

+ 2.0%

Percent of Properties Sold Over List Price*

17.7%

22.6%

+ 27.7%

14.0%

26.3%

+ 87.9%

Days on Market Until Sale

73

43

- 41.1%

80

55

- 31.3%

Inventory of Homes for Sale

179

115

- 35.8%

--

--

--

Months Supply of Inventory

3.4

1.9

- 44.1%

--

--

--

Median Sales Price*

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

September

2020

72

67

62

+ 7.5% New Listings

Year to Date

2021

673

629

53

2020

578

477

+ 21.2% Closed Sales

+ 7.0% New Listings

- 14.5% Closed Sales

2021

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

All MLS

b

Riverside / Avondale / Ortega

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.