Northeast Florida’s housing market in May reflected continued price growth alongside moderating sales activity and declining inventory levels across the region.

While closed sales increased from the previous month and homes sold more quickly, pending sales and new listings remained below year-ago levels, signaling a more measured pace of market activity. Inventory levels rose month over month but remained lower than a year ago, providing buyers with more options than earlier this spring while maintaining competitive conditions in many areas. As the summer market begins, Northeast Florida continues to demonstrate resilience, with county-level trends highlighting varying opportunities and affordability challenges throughout the region.

“May’s data highlights a market that is adjusting to a more sustainable pace. Inventory growth is creating additional opportunities for buyers, while strong consumer interest continues to support home values and sales activity. Across Northeast Florida, we are seeing a market that remains healthy, resilient, and well-positioned for the months ahead.” says NEFAR President Kim Knapp.

In May 2026, the median price for single-family homes across the six-county region increased by 5.1% to $410,000. Homes spent a median of 31 days on the market, an 8.8% decrease from the previous month. There were 1,969 closed sales, a 2.9% increase from April, with pending sales at 1,384. There were 2,720 new listings. Active inventory was at 7,109 homes, representing a 3.6-month supply. The Home Affordability Index fell to 81 .

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