April 2019 housing market reports for Northeast Florida are now available from the Northeast Florida Association of Realtors on NEFAR.com. Except where otherwise indicated, statistics reflect combined results for single-family residential and condominium properties.
April was a busy month for real estate activity in Northeast Florida, with 2,889 homes being sold. This figure is a 6.5 percent uptick from a year ago, and the largest number of monthly sales since August 2018. There were also 3,171 pending sales; those on which a contract has been written but did not close. The pending sales activity was a 5.8 percent increase from a year ago.
The median sales price of $225,000 was up 2.3% from a year ago, but was down from $229,900 in March. The average sales price was significantly higher at $276,712, the largest average sales price since $280,880 in June 2018.
Homes sold quickly in April, with 67 days on market being the average.
A reduced inventory continues to be a major factor in the market, with only 3.6 month’s supply on hand.
2019 NEFAR President Jeanne Denton-Scheck said, “Sellers are finding that their properties are selling very quickly and pricing is robust. In April, 14.3% of homes sold by NEFAR member Realtors were for more than the original list price.”
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