For Immediate Release
JACKSONVILLE, Fla., June 11– Northeast Florida’s housing market in May reflected continued price growth alongside moderating sales activity and declining inventory levels across the region. While closed sales increased from the previous month and homes sold more quickly, pending sales and new listings remained below year-ago levels, signaling a more measured pace of market activity. Inventory levels rose month over month but remained lower than a year ago, providing buyers with more options than earlier this spring while maintaining competitive conditions in many areas. As the summer market begins, Northeast Florida continues to demonstrate resilience, with county-level trends highlighting varying opportunities and affordability challenges throughout the region.
“May’s data highlights a market that is adjusting to a more sustainable pace. Inventory growth is creating additional opportunities for buyers, while strong consumer interest continues to support home values and sales activity. Across Northeast Florida, we are seeing a market that remains healthy, resilient, and well-positioned for the months ahead.” says NEFAR President, Kim Knapp
In May 2026, the median price for single-family homes across the six-county region increased by 5.1% to $410,000. Homes spent a median of 31 days on the market, an 8.8% decrease from the previous month. There were 1,969 closed sales, a 2.9% increase from April, with pending sales at 1,384. There were 2,720 new listings. Active inventory was at 7,109 homes, representing a 3.6-month supply. The Home Affordability Index fell to 81
“May’s numbers reflect continued confidence in the Northeast Florida housing market. Home values increased, sales activity remained strong, and homes sold more quickly, demonstrating sustained demand across the region. While affordability remains a concern for many buyers, steady inventory levels are helping provide opportunities as we move into the summer market.” said Knapp
Northeast Florida by County
In Duval County, May showed the median price of single family homes was $340,000. Homes in Duval County spent a median of 28 days on the market, a 6.7% decrease from the month prior. There were 926 closed sales, which was a decrease of 2.3%, and 665 pending sales. New listings decreased 3.5% to 1,348, and there was an active inventory of 3,388 homes, representing a 3.7-month supply. The Home Affordability Index remained at 98.
In Clay County, in May 2026, the median price for single-family homes decreased by 1.4% to $359,900. Homes spent a median of 30 days on the market. There were 297 closed sales, a 2.3% decrease from April, and pending sales were at 205. New listings increased by 3.4% to 423, and active inventory was at 1,049 homes, representing a 3.5 month supply. The Home Affordability Index remained at 92.
In St. Johns County, the May 2026 median price for single-family homes decreased by 1.2% to $580,000. Homes spent a median of 34 days on the market, a 6.3% increase from the previous month. Closed sales were at 576, a 14.5% increase, with pending sales at 361. There were 677 new listings. Active inventory was at 1,856 homes, representing a 3.2-month supply. The Home Affordability Index fell to 57, as St. Johns County remains the most expensive county in the region.
In Putnam County, the May median price of single-family homes decreased by 3.5% to $279,000. The median days on the market increased by 48.1% to 77 days, reflecting longer sales cycles. There were 34 closed sales, while there were 32 pending sales. There were 63 new listings, a 8.7% decrease from April. The active inventory was 244 homes, indicating a 7.2-month supply, and the Home Affordability Index increased by 3.0% to 119.5, though Putnam remains one of the more affordable counties in the region.
In Nassau County, in May, the median price of single-family homes was $480,000, a 3.6% increase from April. The median days on the market was 40, a 27.3% decrease from the month prior. Closed sales were up 9.0% to 121, while pending sales were up by 1.9% to 107, and there were 182 new listings, a 22.1% increase from April. Active inventory was 491 homes, a 4.1-month supply. The Home Affordability Index fell to 70, showing a 2.8% decrease in relative affordability.
In Baker County, May brought a 67.9% increase in the median home price, rising to $455,000. Homes spent a median of 22 days on the market, a 15.8% increase. There were 15 closed sales, 14 pending sales, and 27 new listings. There was an active inventory of 81 homes, providing a 5.4-month supply. The Home Affordability Index fell by 41.1% to 73, making Baker the most affordable county in the region.
* The Home Affordability Index measures housing affordability for the region. In other words, it measures whether a typical family earns enough to qualify for a mortgage on a typical home, based on current interest rates, median income, and median home prices. A higher number means greater affordability. This index measures affordability factors for all homebuyers making a 20% downpayment. An index of 100 is defined as the point where a median-income family has the exact amount of income needed to purchase a median-priced existing home. An index value over 100 means that the family has more than enough income, while a value below 100 means that a family doesn’t have enough income to qualify for a mortgage loan.The Northeast Florida Association of Realtors (NEFAR,) serves as the voice of real estate in Northeast Florida. As the region’s largest professional association, it represents more than 13,000 members who work in all facets of the real estate industry including residential and commercial sales and property management. It serves the public through support of community affairs programs and seeks to protect private property rights. The Northeast Florida Multiple Listing Service (DBA realMLS) is a wholly owned subsidiary of NEFAR. NEFAR is headquartered in Jacksonville, with satellite Service Centers in Orange Park, Jacksonville Beach, and Palatka.
IMPORTANT: Commercial use by 3rd party companies/vendors is not permitted. Commercial use by members of the public (non-NEFAR members) is not permitted. NEFAR member use is limited to supporting their clients /customers in the normal course of their brokerage business. Whether used for written, digital, broadcast, spoken, social media or other, all uses of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of REALTORS.
