Northeast Florida’s housing market entered the new year with signs of transition as inventory growth, easing price pressures, and improving affordability began reshaping conditions for buyers and sellers. While sales activity slowed after the busy holiday season, the increase in available homes and slightly longer selling timelines point to a market that is gradually balancing, offering buyers more choice while still maintaining steady overall demand across the region.

“Northeast Florida is moving toward a healthier balance. Increased inventory and improved affordability are giving buyers renewed confidence, while sellers continue to benefit from consistent demand. This reflects a maturing market that supports long term stability across our region,” said NEFAR President Kim Knapp

In January, the median sales price for single-family homes in Northeast Florida’s six-county region fell 5.1% to $369,990. The Home Affordability Index* in the region rose to 92. In January, closed sales for single-family homes totaled 1,115 transactions, a 38.8% decrease from the previous month. Meanwhile, pending sales were at 1,163. There were 2,457 new listings in the month of January, a 68.5% increase from December. There was an active inventory of 6,598 properties, an increase of 4.4%. The median number of days on the market was 51.

“In January, we saw median prices adjust modestly while inventory continued to grow, giving buyers more breathing room and improving affordability across our six county region,” said Knapp. “A 5 percent price shift, combined with a rising Home Affordability Index, signals a market that is recalibrating rather than retreating. While closed sales slowed after December’s activity, pending sales and new listings show that demand remains present. With more than 6,500 homes available and median days on market at 51, we are seeing a healthier pace that benefits both buyers and sellers.”

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