Home sales in the six-county Northeast Florida region showed a slight uptick in September, ending a slide in closed signings in the four previous months.
The Northeast Florida Association of Realtors (NEFAR[1]) published its monthly housing market report[2] and there was a modest increase in closed single-family houses sold last month. There were 1,651 homes sold in September, marking a 2.8% increase compared to the year-over-year figure for September 2024, when 1,606 homes were sold. But the latest figure is a 7% dip from August’s number[3] of 1,651 homes sold.
Meanwhile, the median home sale price decreased in September, falling by 0.1% to $387,694, down from the previous year’s figure of $388,000. It’s also a downturn from August’s median sales price of $395,985, representing a 2.1% drop from the previous month.
At the same time, while prices are dropping, the number of houses on the First Coast market is going up, according to NEFAR figures. September saw a 5.9% increase in the number of homes in the annual inventory, reaching 8,428, up from 7,959 in September 2024. The latest inventory tab is also a 0.4% increase from the August figure of 8,392.
While the number of sales of homes in Northeast Florida increased slightly, it’s nowhere near the wild spike that was witnessed in South Florida,[4] where some counties, such as Palm Beach, saw a 497.7% jump in the year-over-year comparison in September. Falling mortgage interest rates were attributed to the increase in sales in South Florida.
In the Northeast Florida individual county breakout, Duval County, the region’s most populous county and home to Jacksonville, saw a 6.2% increase in homes sold last month, with 841 homes sold. That’s up from 792 sold in September 2024. But it was an 8.1% drop from August and the median home sale price was $330,000, unchanged from a year ago.
St. Johns County, one of the fastest-growing counties in the state, witnessed a 3.6% drop in sales over the past year, decreasing from 439 in September 2023 to 423 in the most recent month. The latest figure is also a drop from August’s figure of 489, a 13.5% decline. The median home sale price in that county came in at $550,000, a 0.7% increase from September 2024’s figure of $545,955. The price was unchanged from August.
Nassau County had a 2.9% increase in home sales for the year, coming in at 107, up from 104 a year ago and an 8.1% jump from August’s tally of 99 houses sold. The median sales price was $470,190, a 5.7% jump from September 2024’s figure of $444,995, but a 4% drop from August’s price tag of $490,000.
Clay County had an increase in home sales both in the annual count and the monthly figure. There were 228 houses sold last month, a 4.1% jump from the 219 sales in September 2024 and a 6% increase from August’s number of 215. The median sales price also increased, though modestly, with a 0.7% uptick in the annual cost going from $359,900 a year ago to $362,500 last month. It’s also a 1% uptick from August’s figure of $359,000.
Putnam and Baker counties saw nominal changes in home sales. Putnam witnessed an 11.9% drop in annual sales, falling to 37, and a 5.1% dip in the monthly comparison. Baker County had 15 home sales in September, a 50% increase from a year ago, but a 16.7% decline from August.
References
- ^ NEFAR (nefar.realtor)
- ^ market report (nefar.realtor)
- ^ August’s number (floridapolitics.com)
- ^ South Florida, (floridapolitics.com)