The busy selling season has arrived with prices and closed sales climbing up much as expected.

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Although prices continued to rise in May, Northeast Florida’s housing market began to show continued signs of a moderating trend that should make both buyers and sellers rejoice.

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The good news is there were slightly more Northeast Florida homes on the market in April. However, prices have continued to rise, and homes are becoming increasingly less affordable.

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Although sellers remained firmly in the driver’s seat as the first quarter of 2022 came to an end in March, several factors point toward a more moderate and stabilizing real estate market in Northeast Florida.

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Although the bidding wars that drove up housing prices in Northeast Florida this summer have cooled somewhat, the region’s hot residential market shows no signs of diminishing, even as temperatures outside becoming colder.

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Homes in Northeast Florida are becoming less and less affordable.

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Buyers on the First Coast continued to face fierce competition due to a record-low inventory of single-family residential housing and condominiums, which forced many into bidding wars in March.

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The Northeast Florida housing continues to be a red-hot sellers’ market as inventory of single-family residential and condominium properties continued to hover at record lows in February, while closed sales, the median sales price, and average sales price in Northeast …

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Northeast Florida’s booming real estate market continued in October with 3,203 homes being sold; a 24.8% increase over the number sold in October 2019. October’s sales quantity also marked the fifth consecutive month where sales topped 3,000.

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