With spring on the horizon the housing market in Northeast Florida sees a continuing rise in inventory, and homes selling faster than last month. In February, the market experienced an upturn in closed sales for the first time this year, which was a welcome change from January. Additionally, the amount of time homes spent on the market fell notably, showing that homes are selling quicker.

The median sales price for single-family homes in Northeast Florida’s six-county region increased by 4% since February, rising to $389,989. This caused the Home Affordability Index to dip to a score of 66, a 2.9% decrease from January.

“These changes are indicative of a reasonably stable Jacksonville real estate market. Buyers and sellers alike are taking advantage of current conditions to secure their next homes.” said 2025 NEFAR President Mario Gonzalez.

In February, closed sales for single-family homes rose by 8.7% month-over-month, totaling 1,271 transactions, while pending sales decreased by 16.4%, sitting at 1,231. New listings fell slightly by 1% from January to February, recording 3,304 homes.

Since January, the active inventory of single-family homes increased by 10.7% to 7,954 properties. However, this is a drastic increase from the previous year, as the number of properties has grown exponentially by 69.9% since February 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 decreased to 41 days, a 19.6% decrease from January, indicating homes selling more quickly than they did last month.

“While some buyers remain on the fence, others are seizing these conditions to choose exactly the home they want and are able to negotiate with sellers on their terms,” said Gonzalez.

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