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Northeast Florida’s April Real Estate Wrap-Up

May 21st, 2019 · Leave a Comment

April 2019 housing market reports for Northeast Florida are now available from the Northeast Florida Association of Realtors on NEFAR.com. Except where otherwise indicated, statistics reflect combined results for single-family residential and condominium properties.

April was a busy month for real estate activity in Northeast Florida, with 2,889 homes being sold. This figure is a 6.5 percent uptick from a year ago, and the largest number of monthly sales since August 2018. There were also 3,171 pending sales; those on which a contract has been written but did not close. The pending sales activity was a 5.8 percent increase from a year ago.

The median sales price of $225,000 was up 2.3% from a year ago, but was down from $229,900 in March. The average sales price was significantly higher at $276,712, the largest average sales price since $280,880 in June 2018.

Homes sold quickly in April, with 67 days on market being the average.

A reduced inventory continues to be a major factor in the market, with only 3.6 month’s supply on hand.

2019 NEFAR President Jeanne Denton-Scheck said, “Sellers are finding that their properties are selling very quickly and pricing is robust. In April, 14.3% of homes sold by NEFAR member Realtors were for more than the original list price.”

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