Northeast Florida’s housing market continued its gradual cooldown in September as sales activity slowed and inventory levels held higher than a year ago. Prices remained relatively stable across much of the region, giving buyers a bit more leverage and a wider range of choices, while sellers faced a more competitive environment that rewarded realistic pricing and patience. Affordability improved slightly as median prices eased, but higher-cost areas continued to challenge many homebuyers. Across all counties, the market reflected a steady shift toward balance, signaling a more measured pace heading into the fall season.

“We’re seeing a healthy, more balanced market right now.  One that offers benefits on both sides of the table. Buyers are finding opportunities to secure homes with better terms and stronger negotiating power, while sellers are being strategic and choosing to list before conditions shift further. It’s a season of adjustment, but also one of opportunity for those who move wisely”, says NEFAR President, Mario Gonzalez

The median sales price for single-family homes in Northeast Florida’s six-county region fell 2.1% to $387,694. This caused the Home Affordability Index* to increase to 70. In September, closed sales for single-family homes totaled 1,651 transactions, a 7% decrease since  August. Meanwhile pending sales were at 1,180, which was a decrease of 28.5%. There were 2,247 new listings in the month of September, a 9% drop since the previous month.

In September, there was an active inventory of 8,428 properties. This is an increase from the previous year, as the number of properties has grown by 5.9% since September 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 44. NEFAR’s market reports are available at nefar.com.