NEFL Market Update May

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MARKET UPDATE Northeast Florida

May2024

MARKET UPDATE Northeast Florida

In Jacksonville, Florida, as of May 9, 2024, Northeast Florida is experiencing a surge in singlefamily home listings, indicating a potentially fruitful summer housing market for both buyers and sellers. With 3,750 new listings, a 54.3% increase from last year and a 4.8% rise from last month, alongside a growing inventory of 6,490 homes, up 63.7% from April 2023 and 9.9% from March 2024, there’s evidence of increased options for buyers. Despite a slight decline in closed and pending sales, the overall trend suggests an improving market dynamic.

WHAT THE
Experts 1,465 April 2024  1,843 3,750 Single Family Residence  148 Areas selected 4.8%  $399,990 2.7%  -5.8%  $215 April 2024 Market Review 2.9% 34 13.3%  6,490 9.9%  NEFAR market data provided by realMLS.  By using this dashboard, you agree to the terms of the End User License Agreement ©2024 Domus Analytics Median Sales Price Closed Sales New Listings Active Inventory Median Price $/SqFt Median Days On Market March 2024 April 2023 8.0%  -0.1%  -9.3%  63.7%  6.4% 54.3%  97.8% 0.2%  List Price Received 0.1%  3.5 16.6%  Months Supply Of Inventory 63.8%    6 Counties selected  Closed Over List Price Home Affordability Index 14.8% 64  6.5% -3.5%    -3.0% -12.3% -29.6%  -26.7%  Pending Sales Change Fr Change From Mouse over the line to view monthly stats 13 months
SAY:

MARKET UPDATE Northeast Florida

1,465 April 2024  1,843 3,750 Single Family Residence  148 Areas selected  4.8%  $399,990 2.7%  -5.8%  $215 April 2024 Market Review 2.9% 34 13.3%  6,490 9.9%  NEFAR market data provided by realMLS.  By using this dashboard, you agree to the terms of the End User License Agreement ©2024 Domus Analytics Median Sales Price Closed Sales New Listings Active Inventory Median Price $/SqFt Median Days On Market March 2024 April 2023 8.0%  -0.1%  -9.3%  63.7%  6.4% 54.3%  97.8% 0.2%  List Price Received 0.1%  3.5 16.6%  Months Supply Of Inventory 63.8%    6 Counties selected  Closed Over List Price Home Affordability Index 14.8% 64  6.5% -3.5%    -3.0% -12.3% -29.6%  -26.7%  Pending Sales Change From Change From Mouse over the line to view monthly stats YTD 13 months + /from last year NEFL’s Year to Date Market Development APRIL + /from last month

Your Neighborhood MARKET

For a more in depth look at contact your Coldwell Banker VanguardAGENT Data for the Greater Jacksonville area (Clay, Duval, Nassau and St. John’s counties). All reports represent Realtor-brokered activity of single-family residential and condo sales combined. All data is up-to-date at time of distribution and provided by the Northeast Florida Multiple Listing Service.
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