A wealth of charts, graphs and facts are available by visiting the Northeast Florida Association of Realtors (NEFAR) website here for the new 2015 Annual Report on the Northeast Florida Housing Market. Except where otherwise indicated, statistics reflect combined results for single-family residential and condominium properties.
Some highlights from the NEFAR report include:
2015 Annual Report Highlights
• 26,605 homes changed hands during the year, marking the largest number of closed sales since 2006, when more than 35,000 homes were sold in Northeast Florida.
• Despite 36,707 new listings being added to the market in 2015, the year ended with a depleted inventory of only 8,537.
• The median sales price for 2015 was $170,000; up from $159,000 in 2014.
• Days on market until sale averaged 83, only two days less than 85 days in 2014.
• A significant increase in pending sales from 2014 (23,783) to 2015 (27,799) took place.
• 26,605 homes changed hands during the year, marking the largest number of closed sales since 2006, when more than 35,000 homes were sold in Northeast Florida.
• Despite 36,707 new listings being added to the market in 2015, the year ended with a depleted inventory of only 8,537.
• The median sales price for 2015 was $170,000; up from $159,000 in 2014.
• Days on market until sale averaged 83, only two days less than 85 days in 2014.
• A significant increase in pending sales from 2014 (23,783) to 2015 (27,799) took place.
2015 NEFAR President Sally Suslak said, “2015 was a banner year for Northeast Florida home sales and inventory is scarce as a result. Having only 3.7 months of supply on hand – when five to six months is considered a balanced market – is a situation we hope will change.”
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