Northeast Florida’s housing market continued to stabilize in April, with growing inventory giving buyers more choices across the region. While home prices edged up slightly, the overall market showed healthier dynamics as we continue to see many new listings become available. These shifts suggest a move toward a more balanced market, offering opportunities for both buyers and sellers.

The median sales price for single-family homes in Northeast Florida’s six-county region increased by 2.9% since March, rising to $389,000. This caused the Home Affordability Index* to fall to a score of 67, a 2.9% decrease from March.

“Buyers and sellers alike must remember that these shifts toward a balanced market are good overall and indicative of a healthy marketplace,” said 2025 NEFAR President, Mario Gonzalez.

In April, closed sales for single-family homes totaled 1,825 transactions, while pending sales were at 1,437. There were 3,106 new listings in the month of April.

Since March, the active inventory of single-family homes increased by 10.2% to 9,012 properties. This is a drastic increase from the previous year, as the number of properties has grown exponentially by 24.4% since April 2024. This rise in inventory from 2024 is a positive change for buyers, as they have many options to choose from. The median number of days on the market increased to 44 days, a 29.4% increase from March, indicating homes selling slightly slower than they did last month.

“This increased inventory is a welcomed change for buyers who couldn’t buy a home in the extraordinarily competitive market just a few years ago, “said Gonzalez.

NEFAR’s market reports are available at nefar.com.