In May 2025, Northeast Florida’s housing market continued to show a blend of growth and shifting dynamics. Home prices edged slightly upward, leading to a small dip in affordability across the region. Fewer new listings came to market, but the total number of homes available continued to climb, providing buyers with more choices. These regional trends played out differently across each county, where shifts in price, inventory, and buyer demand highlighted the diverse conditions in the region.

The median sales price for single-family homes in Northeast Florida’s six-county region increased by 0.2% since April, to $388,995. This caused the Home Affordability Index* to fall to a score of 66, a 1.5% decrease from April.

“In general, we are seeing the shift to a more balanced market for both buyers and sellers” said 2025 NEFAR President, Mario Gonzalez.

In May, closed sales for single-family homes totaled 1,984 transactions, a 3.5% increase since April. Meanwhile pending sales were at 1,408, which was a decrease of 28.2%. There were 2,870 new listings in the month of May, an 8.7% drop since the previous month.

Since April, the active inventory of single-family homes increased by 6.6% to 9,147 properties. This is also a drastic increase from the previous year, as the number of properties has grown exponentially by 20.1% since May 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 was 39.

“These changes may continue to signal more sellers to choose to list their home before things shift more to potentially favoring buyers” said Gonzalez.

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