Market Highlights
The Northeast Florida Association of Realtors (NEFAR)
The Northeast Florida Association of Realtors (NEFAR) April 2025 market review for all property types in all six counties shows the median sales price is holding steady, the closed sales were down slightly, and inventory continues to grow.
Median Sales Price
Median Sales Price: $345,000 – a 3.3% increase from March, but slight 1.4% decrease from last year. The median price has been hovering around $350,000 for over a year but dipped to $315,000 earlier this year and
is now back to $345,000.
Closed Sales
Closed Sales – 2,485 closings in April – a slight decrease of 1.1% from 2,513 closings in March and an 11.2% decrease from last year.
Pending Sales
Pending Sales – 1,974 pending contracts in April – a large decrease of 27.2% from March and 31.1% decrease from last year. The prospective buyers were on the sidelines waiting for the trade war issues to settle down.
Active inventory
Active inventory – 12,379 homes on the market – an 8.7% increase from March and 23.5% increase from last year. The current supply stands at 5.0 months. A balanced market is 5 to 6 months of supply.
Median age of all homebuyers
The median age of all homebuyers jumped to 56 last year, up from 49 in 2023 with baby boomers regaining the top spot among homebuyers. Baby boomers make up 42% of all home buyers, with millennials holding just a 29% stake — down from 38% a year earlier.
Our real estate market seems to be transitioning to a buyer’s market with more choices and more ability to negotiate than in the past several years. I would love to help you understand the market and achieve your real
estate goals.
Market Review
