Market Reports

Northeast Florida’s housing market desperately needs more homes.

Robust buyer demand fueled by low interest rates, historically low residential inventory, and the continued desire of out-of-staters to move to the Sunshine State, has caused Northeast Florida’s housing prices to surge.

Housing prices are rising. Buyer demand is strong, and with a limited supply of homes on the market, Northeast Florida’s sizzling sellers’ market shows no sign of easing through spring and on into summer.

Buyers on the First Coast continued to face fierce competition due to a record-low inventory of single-family residential housing and condominiums, which forced many into bidding wars in March.

The Northeast Florida housing continues to be a red-hot sellers’ market as inventory of single-family residential and condominium properties continued to hover at record lows in February, while closed sales, the median sales price, and average sales price in Northeast Florida’s residential market continued to rise.

November 2020 real estate market reports for Northeast Florida are now on NEFAR.com.

October 2020 real estate market reports for Northeast Florida are now on NEFAR.com.