In most areas of Northeast Florida, the August housing market reflected a slight drop in median prices while the number of days homes sat on the market has gradually continued to climb.

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Many would-be buyers are being priced out of the market as sales prices in Northeast Florida continue to climb.

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Robust buyer demand fueled by low interest rates, historically low residential inventory, and the continued desire of out-of-staters to move to the Sunshine State, has caused Northeast Florida’s housing prices to surge.

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