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Slowing market impacted by high interest rates

November 13th, 2023 · Comments Off on Slowing market impacted by high interest rates

Traditionally, with the approach of Thanksgiving, the housing market slows as both buyers and sellers reflect on the holidays. However, observing a longer data history, this is by far the biggest seasonal slowdown seen in many years.

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December caps ‘exceptional’ year for Northeast Florida housing market

January 18th, 2022 · Leave a Comment

Nationwide, the 2021 housing market was one for the history books, and the same was true for Northeast Florida.

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Inventory shortages, high prices plague home buyers as year comes to close

December 9th, 2021 · Leave a Comment

Rising prices and lagging affordability continued to plague First Coast home buyers as the year 2021 heads toward its end.

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Sellers’ market expected to sizzle through spring, summer

May 17th, 2021 · Leave a Comment

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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Sellers revel in higher prices as buyers compete over scarce inventory

April 13th, 2021 · Leave a Comment

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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Housing prices continue to rise as inventory hovers near record lows

March 15th, 2021 · Leave a Comment

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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Healthy buyer demand and strong market fundamentals get 2021 off to a good start

February 15th, 2021 · Leave a Comment

January 2021 housing market reports for Northeast Florida are available in the Market Stats section of NEFAR.com. Except where otherwise indicated, statistics reflect combined results for single-family residential and condominium properties.

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Home Sales in 2020 Break All Prior Records

January 18th, 2021 · Leave a Comment

Despite the pandemic, 2020 was record-breaking year for home sales in Northeast Florida. The number of 2020 sales is an 8.2% increase over 2019 sales.

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November Northeast Florida Real Estate: Inventory Hits Lowest Point All Year

December 16th, 2020 · Leave a Comment

The 2,680 homes sold in Northeast Florida was a 13% uptick over November 2019, but a decrease from each of the previous five months, where sales exceeded 3,000, in the latest market report from the Northeast Florida Association of Realtors.…

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August Northeast Florida real estate: Third consecutive month sales top 3,000

September 14th, 2020 · Leave a Comment

With closed sales for the month coming in at 3,059, August marks the third consecutive month in which sales in Northeast Florida topped 3,000 (3,197 in June and 3,661 in July). The August number is up slightly (1.3%) from 3,021 …

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