Although the bidding wars that drove up housing prices in Northeast Florida this summer have cooled somewhat, the region’s hot residential market shows no signs of diminishing, even as temperatures outside becoming colder.

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Homes in Northeast Florida are becoming less and less affordable.

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Many would-be buyers are being priced out of the market as sales prices in Northeast Florida continue to climb.

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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.

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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.

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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 …

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While COVID-19 continued to be the hot topic of discussion, Northeast Florida’s real estate market sizzled as well as demonstrated by the Northeast Florida Association of Realtors’ June 2020 real estate market reports.

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April 2020 real estate market reports for Northeast Florida are now on NEFAR.com (Market Stats tab). Except where otherwise indicated, statistics reflect combined results for single-family residential and condominium properties.

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March 2020 real estate market reports for Northeast Florida are now available on the Market Stats tab of NEFAR.com. Except where otherwise indicated, statistics reflect combined results for single-family residential and condominium properties.

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