Stop Scrolling! The NE Florida Housing Market is Changing, and You Won 't Believe Who's Buying! 🏡
The latest market review from the Northeast Florida Association of Realtors® (NEFAR) is out. As we near the end of the year, we see a picture of a market continuing to find its balance.
NE Florida Market Highlights
- Median Sales Price: $294,900
- Down 3.3% from September, up 0.1% increase year-over-year, a reflection of price stability.
- Closed Sales: 2,707
- Down 4.2% from last month, but up 0.7% compared to last year.
- Pending Sales: 2,083
- This is the sharpest change—down 24.7% from September and 18.5% from last year. This indicates fewer new contracts are being signed, a key signal of the market slowing its pace.
- Active Inventory: 11,969
- Supply is holding steady, up only 0.4% from September and down just 1.1% from last year.
- Months of Supply: 4.4
- Up slightly from 4.2 months in September. This figure signals a market moving toward balance between buyers and sellers, away from a strong seller’s market.
Market Review Stats
Inside the 2025 NAR Profile: Who’s Buying and Selling?
The Evolving Home Buyer: The National Association of Realtors® 2025 Profile of Home Buyers and Sellers gives us a glimpse into the changing landscape of homeownership across the country.
🔑 First-Time Buyers
- Median Age: 40 years old
- Median Down Payment: 10%. Matching the highest level recorded since 1989
💰 Top Sources for Down Payment
- Personal savings: (59%)
- Financial assets: (26%) (such as 401(k), stocks, or cryptocurrency)
- Gifts or loans from family and friends: (22%)
🏡 Repeat Buyers
- Median Age: 62 years old
- Median Down Payment: 23%
- All-cash buyers: (30%)
👨👩👧👦 All Buyers
- Median Age: 59 years old.
- 24% have children under 18 living at home—an all-time low.
- Multigenerational Home Purchases: 14% (down from 17% in 2024).
Top Reasons
- Caring for aging parents (41%)
- Cost savings (29%)
- Adult children moving back home (27%)
📦 Sellers
- Median Time in Home: 11 years—an all-time high.
- Median Distance Moved: 30 miles (down from 35 miles last year).
- Purchased a newer home: 50%
- Purchased a larger home: 34%
Our local market remains steady. If you’re curious about how these trends affect your home’s value—or if you’re thinking about buying or selling—I’m happy to provide a personalized review!