As temperatures start to rise in Northeast Florida, so do closed sales and new listings. Following seasonal trends, the housing market sees an increase in inventory as well as sales, continuing the upturn that began last month after the winter months brought lower numbers. Additionally, home prices showed a rise in affordability, which is a welcome change for buyers.

The median sales price for single-family homes in Northeast Florida’s six-county region decreased by 1.8% since February, dropping to $379,995. This caused the Home Affordability Index* to rise to a score of 69, a 3% increase from February.

“While interest rates remain in line with pre-COVID levels, today’s higher home prices have become the new normal. Recent price dips have sparked renewed buyer interest, with a noticeable jump in showing requests and open house traffic,” said 2025 NEFAR President, Mario Gonzalez.

In March, closed sales for single-family homes rose by 35.7% month-over-month, totaling 1,784 transactions, while pending sales were at 1,514. New listings rose noticeably by 10.6% from February to March, recording 3,656 homes.

Since February, the active inventory of single-family homes increased by 10.2% to 8,258 properties. However, this is a drastic increase from the previous year, as the number of properties has grown exponentially by 63.3% since March 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 increased to 43 days, a 19.4% increase from February, indicating homes selling slightly slower than they did last month.

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