Market Insight - August 2019
NORTHEAST FLORIDA HOUSING MARKET
All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing.
cators Monthly Indicators
ORTHEAST FLORIDA A RESEARCH ASSOCIATION TOOL PROVIDED OF REALTORS BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
edit: NEFARRequired is happy to Reprint share /our Use market and Source statistical Credit: reportNEFAR data; prior is happy permission to share is our not market required. statistical Source report creditdata; is required, prior permission is not required. Source credit is required, NEFAR members) however, whether for all theuses use (including is written, use digital, by NEFAR broadcast, members) spoken, whether social media the useorisother. written, Usedigital, of NEFAR broadcast, data must spoken, be social media or other. Use of NEFAR data must be – Source: Northeast accompanied Florida by Association the followingofattribution Realtors . – Source: Northeast Florida Association of Realtors .
vity of single-family All data residential, represents Realtor-brokered condo and townhome activity sales of single-family combined. As residential, all Nassaucondo and St. and Johns townhome Countysales Realtors combined. are notAs all Nassau and St. Johns County Realtors are not le Listing Service members – a wholly of the owned Northeast subsidiary Florida Multiple of the Northeast Listing Service Florida–Association a wholly owned of Realtors subsidiary – reports of thedo Northeast not represent Florida the Association full of Realtors – reports do not represent the full extent of Realtor sales in those counties.
August 2019
Quick Facts
Quick Facts
ltiple opposing As the factors summer anddraws trendstoare a close, multiple opposing factors and trends are the real estate competing market.to After define the the Federal direction Reserve of the real estate market. After the Federal Reserve on July 31, lowered 30-year mortgage its benchmark ratesinterest continued ratetoon July 31, 30-year mortgage Change in rates continued Change to in st seen in 2016. decline, Yetapproaching most expertsall-time agree lows theselast seen in 2016. Yet mostSales experts agree these Closed Median Sales Price ient relief, at reductions least in the areshort unlikely term, to for bring first-time sufficient relief, at least in the short term, for first-time inventory and home thebuyers. persistence The lack of historically of affordable highinventory and the persistence of historically high housing market,leading housing pricestocontinue lower-than-expected to affect the housing market,leading to lower-than-expected Market Overview vel. existing home sales at the national level. New Listings
- 4.9%
+ 10.0%
- 10.5% - 4.9% Change inChange in Inventory Closed Sales
+ 10.0%
- 10.5%
Change in Median Sales Price
Change in Inventory
Market Overview 2 All data provided by the Northeast Florida Multiple Listing Service.
2
New Listings 3
3
Pending Sales to 3,495. region decreased New Listings 7.3 percent in the Northeast to 3,495. Florida region decreased 7.3 percent o 2,864. Inventory Pendinglevels Salesfell were 10.5 uppercent 7.0 percent to to 2,864. Inventory levels fell 10.5 percent to Closed Sales 9,054 units. Days On Market Until Sale
Pending Sales 4
4
Closed Sales 5
5
Days On Market 6 Until Sale
6
e Median Sales Price increased 10.0traction. percent The to Median SalesMedian Prices continued to gain Price increased 10.0 percent to Sales Price 0 percent to 63 days.Days Sellers encouraged $242,000. onwere Market was up 5.0 percent to 63 days. Sellers were Average Sales Price encouraged down 17.1 percent to 3.4 months. as Months Supply of Inventory was down 17.1 percent to 3.4 months. Percent of Original List Price Received
Median Sales 7 Price
7
Average Sales 8 Price
8
Percent of9Original List Price Received
9
eir homes to advantage of declining interest Astake many homeowners refinanced their homes to take advantage of declining Percent of Properties Sold interest Over List Price ng was reported be at historically high rates, to consumer confidence inlevels. housing was reported to be at historically high levels. Housing Affordability Index l need to monitor the market signs of Even so, real estateforprofessionals will need to monitor the market for signs of Inventoryhomes of Homes for point Sale inventory ofcontinued affordable homes at this point the inventory of affordable imbalances. Although at this historically remains low levels, which may continue toat historically lowMonths largely stable, it is stable levels, which may continue Supply of Inventory to al buyers across the U.S. push prices higher and affect potential buyers across the U.S. Housing Supply Overview Report
Percent of 10Properties Sold Over List Price
10
Housing Affordability 11 Index
11
Inventory12 of Homes for Sale
12
Months Supply 13 of Inventory
13
Housing Supply 14 Overview Report
14
Area breakouts of 33 submarkets begin after pageArea 21. breakouts of 33 submarkets begin after page 21.
Current as of September 8, 2019. All data from Northeast Florida Multiple Current Listing as ofService. September Report 8, 2019. © 2019 All ShowingTime. data from Northeast | 1 Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1
Market Overview Key market metrics for the current month and year-to-date.
Key Metrics
Historical Sparklines
New Listings 8-2016
8-2017
8-2018
8-2016
8-2017
8-2018
8-2019
8-2016
8-2017
8-2018
8-2019
Closed Sales Days on Market Until Sale 8-2017
8-2018
8-2016
8-2017
8-2018
8-2019
8-2016
8-2017
8-2018
8-2019
Average Sales Price
Percent of Properties Sold Over List Price
8-2016
8-2017
8-2018
YTD 2018 YTD 2019
+/-
3,771
3,495
- 7.3%
29,236
29,308
+ 0.2%
2,677
2,864
+ 7.0%
21,457
22,867
+ 6.6%
2,903
2,760
- 4.9%
20,665
21,444
+ 3.8%
60
63
+ 5.0%
64
67
+ 4.7%
$220,000
$242,000
+ 10.0%
$224,000
$231,042
+ 3.1%
$264,330
$290,754
+ 10.0%
$267,847
$276,197
+ 3.1%
95.6%
96.1%
+ 0.5%
95.9%
95.7%
- 0.2%
13.3%
14.4%
+ 8.3%
14.4%
14.1%
- 2.1%
137
136
- 0.7%
135
143
+ 5.9%
10,112
9,054
- 10.5%
--
--
--
4.1
3.4
- 17.1%
--
--
--
8-2019
8-2016
8-2017
8-2018
8-2019
8-2016
8-2017
8-2018
8-2019
Housing Affordability Index Inventory of Homes for Sale Months Supply of Homes for Sale
+/-
8-2019
Median Sales Price
Percent of Original List Price Received
8-2019
8-2019
Pending Sales
8-2016
8-2018
8-2016
8-2017
8-2018
8-2019
8-2016
8-2017
8-2018
8-2019
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 2
New Listings A count of the properties that have been newly listed on the market in a given month.
August
Year To Date
3,658
3,771
3,495
29,236
26,916
2017
+3.1%
-7.3%
2018
2019
29,308
2017
+8.6%
+0.2%
2018
2019
Month
Prior Year
Current Year
+/–
September 2018
2,287
3,182
+39.1%
October 2018
3,007
3,438
+14.3%
November 2018
2,598
2,932
+12.9%
December 2018
2,100
2,066
-1.6%
January 2019
2,964
3,305
+11.5%
February 2019
3,226
3,389
+5.1%
March 2019
3,881
3,964
+2.1%
April 2019
3,842
3,991
+3.9%
May 2019
3,817
4,020
+5.3%
June 2019
3,900
3,521
-9.7%
July 2019
3,835
3,623
-5.5%
August 2019
3,771
3,495
-7.3%
12-Month Avg
3,269
3,411
+4.3%
Historical New Listing Activity 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 3
Pending Sales A count of the properties on which contracts have been written in a given month.
August
Year To Date
2,580
2017
2,864
2,677
+3.8%
+7.0%
2018
2019
22,867
21,457
20,756
2017
+3.4%
+6.6%
2018
2019
Month
Prior Year
Current Year
+/–
September 2018
1,911
2,352
+23.1%
October 2018
2,347
2,495
+6.3%
November 2018
2,178
2,135
-2.0%
December 2018
1,957
1,870
-4.4%
January 2019
2,069
2,221
+7.3%
February 2019
2,346
2,483
+5.8%
March 2019
2,917
3,005
+3.0%
April 2019
2,999
3,184
+6.2%
May 2019
2,962
3,140
+6.0%
June 2019
2,673
2,977
+11.4%
July 2019
2,814
2,993
+6.4%
August 2019
2,677
2,864
+7.0%
12-Month Avg
2,488
2,643
+6.3%
Historical Pending Sales Activity 3,500 3,250 3,000 2,750 2,500 2,250 2,000 1,750 1,500 1,250 1,000 750 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 4
Closed Sales A count of actual sales that have closed within a given month.
August
Year To Date
2,832
2017
2,903
2,760
+2.5%
-4.9%
2018
2019
21,444
20,665
20,187
2017
+2.4%
+3.8%
2018
2019
Month
Prior Year
Current Year
+/–
September 2018
2,013
2,335
+16.0%
October 2018
2,329
2,543
+9.2%
November 2018
2,239
2,391
+6.8%
December 2018
2,633
2,358
-10.4%
January 2019
1,638
1,719
+4.9%
February 2019
1,935
2,102
+8.6%
March 2019
2,633
2,598
-1.3%
April 2019
2,715
3,005
+10.7%
May 2019
2,966
3,320
+11.9%
June 2019
3,094
2,984
-3.6%
July 2019
2,781
2,956
+6.3%
August 2019
2,903
2,760
-4.9%
12-Month Avg
2,490
2,589
+4.5%
Historical Closed Sales Activity 3,500
3,000
2,500
2,000
1,500
1,000
500 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 5
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.
August
Year To Date
65
60
2017
73
63
67
64
-7.7%
+5.0%
2018
2019
2017
Prior Year
Current Year
+/–
September 2018
66
65
-1.5%
October 2018
64
59
-7.8%
Month
-12.3%
+4.7%
2018
2019
November 2018
65
61
-6.2%
December 2018
71
69
-2.8%
January 2019
69
70
+1.4%
February 2019
73
76
+4.1%
March 2019
72
71
-1.4%
April 2019
65
67
+3.1%
May 2019
60
66
+10.0%
June 2019
58
63
+8.6%
July 2019
60
63
+5.0%
August 2019
60
63
+5.0%
12-Month Avg
65
66
+1.6%
Historical Days on Market Until Sale 130 120 110 100 90 80 70 60 50 40 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 6
Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.
August
Year To Date
$224,000 $220,000
$205,000
2017
+7.3%
+10.0%
2018
2019
$231,042
$202,500
$242,000
2017
Prior Year
Current Year
+/–
September 2018
$208,850
$216,990
+3.9%
October 2018
$204,825
$212,250
+3.6%
Month
+10.6%
+3.1%
2018
2019
November 2018
$208,000
$220,000
+5.8%
December 2018
$211,960
$226,243
+6.7%
January 2019
$203,990
$207,000
+1.5%
February 2019
$217,950
$224,000
+2.8%
March 2019
$225,000
$230,000
+2.2%
April 2019
$220,000
$225,000
+2.3%
May 2019
$225,000
$232,000
+3.1%
June 2019
$235,000
$242,000
+3.0%
July 2019
$230,000
$241,725
+5.1%
August 2019
$220,000
$242,000
+10.0%
12-Month Med
$219,000
$228,000
+4.1%
Historical Median Sales Price $260,000 $240,000 $220,000 $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 7
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
August
Year To Date $267,847
$290,754 $247,080
2017
+ 7.0%
+ 10.0%
2018
2019
$276,197
$244,865
$264,330
2017
Prior Year
Current Year
+/–
September 2018
$248,831
$256,828
+3.2%
October 2018
$251,264
$263,895
+5.0%
Month
+ 9.4%
+ 3.1%
2018
2019
November 2018
$250,357
$261,330
+4.4%
December 2018
$258,636
$267,309
+3.4%
January 2019
$243,531
$242,338
-0.5%
February 2019
$256,654
$255,572
-0.4%
March 2019
$267,205
$268,512
+0.5%
April 2019
$268,753
$277,413
+3.2%
May 2019
$272,144
$275,303
+1.2%
June 2019
$280,792
$297,256
+5.9%
July 2019
$274,402
$282,197
+2.8%
August 2019
$264,330
$290,754
+10.0%
12-Month Avg
$263,151
$271,917
+3.3%
Historical Average Sales Price $320,000 $300,000 $280,000 $260,000 $240,000 $220,000 $200,000 $180,000 $160,000 $140,000 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 8
Percent of Original List Price Received Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
August
Year To Date
95.6%
2017
96.1%
95.6%
0.0%
+0.5%
2018
2019
95.9%
95.4%
2017
95.7%
+0.5%
-0.2%
2018
2019
Month
Prior Year
Current Year
+/–
September 2018
95.7%
95.6%
-0.1%
October 2018
95.5%
95.3%
-0.2%
November 2018
95.4%
95.1%
-0.3%
December 2018
95.2%
94.7%
-0.5%
January 2019
95.4%
94.5%
-0.9%
February 2019
95.1%
95.1%
0.0%
March 2019
96.0%
95.5%
-0.5%
April 2019
95.8%
95.5%
-0.3%
May 2019
96.3%
96.2%
-0.1%
June 2019
96.3%
96.3%
0.0%
July 2019
96.1%
95.8%
-0.3%
August 2019
95.6%
96.1%
+0.5%
12-Month Avg
95.7%
95.6%
-0.1%
Historical Percent of Original List Price Received 100% 98% 96% 94% 92% 90% 88% 86% 84% 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 9
Percent of Properties Sold Over List Price Percent of closed sales that sold for more than the most recent list price.
August
Year To Date
13.5%
2017
13.3%
-1.5%
+8.3%
2018
2019
14.4%
14.4%
14.4%
2017
14.1%
0.0%
-2.1%
2018
2019
Month
Prior Year
Current Year
+/–
September 2018
13.7%
13.5%
-1.5%
October 2018
13.0%
12.6%
-3.1%
November 2018
13.8%
13.4%
-2.9%
December 2018
11.8%
12.7%
+7.6%
January 2019
13.0%
11.8%
-9.2%
February 2019
11.3%
12.9%
+14.2%
March 2019
15.4%
15.4%
0.0%
April 2019
15.5%
14.4%
-7.1%
May 2019
16.2%
15.0%
-7.4%
June 2019
14.5%
14.0%
-3.4%
July 2019
14.4%
13.5%
-6.2%
August 2019
13.3%
14.4%
+8.3%
12-Month Avg
14.0%
13.8%
-1.4%
Historical Percent of Properties Sold Over List Price 22% 20% 18% 16% 14% 12% 10% 8% 6% 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 10
Housing Affordability Index This index measures housing affordability for the region. For example, an index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
August
Year To Date 161
159 137
2017
136
-13.8%
-0.7%
2018
2019
Prior Year
Current Year
+/–
September 2018
157
138
-12.1%
October 2018
159
139
-12.6%
Month
135
143
-16.1%
+5.9%
2018
2019
2017
November 2018
156
136
-12.8%
December 2018
153
136
-11.1%
January 2019
156
149
-4.5%
February 2019
144
137
-4.9%
March 2019
138
136
-1.4%
April 2019
139
140
+0.7%
May 2019
136
136
0.0%
June 2019
129
130
+0.8%
July 2019
131
133
+1.5%
August 2019
137
136
-0.7%
12-Month Avg
145
137
-4.8%
Historical Housing Affordability Index 300
250
200
150
100 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 11
Inventory of Homes for Sale The number of properties available for sale in active status at the end of the month.
August
10,112
9,394
2017
9,054
+7.6%
-10.5%
2018
2019
Month
Prior Year
Current Year
+/–
September 2018
9,060
10,115
+11.6%
October 2018
8,945
10,134
+13.3%
November 2018
8,672
10,097
+16.4%
December 2018
7,995
9,312
+16.5%
January 2019
8,226
9,554
+16.1%
February 2019
8,515
9,721
+14.2%
March 2019
8,851
9,890
+11.7%
April 2019
9,039
9,955
+10.1%
May 2019
9,214
9,940
+7.9%
June 2019
9,680
9,702
+0.2%
July 2019
9,908
9,460
-4.5%
August 2019
10,112
9,054
-10.5%
12-Month Avg
9,018
9,745
+8.6%
Historical Inventory of Homes for Sale 21,000 19,000 17,000 15,000 13,000 11,000 9,000 7,000 5,000 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 12
Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
August
Prior Year
Current Year
+/–
September 2018
3.8
4.0
+5.3%
October 2018
3.7
4.0
+8.1%
Month
4.1
3.9
3.4
2017
+5.1%
-17.1%
2018
2019
November 2018
3.6
4.0
+11.1%
December 2018
3.3
3.7
+12.1%
January 2019
3.4
3.8
+11.8%
February 2019
3.5
3.8
+8.6%
March 2019
3.6
3.9
+8.3%
April 2019
3.7
3.9
+5.4%
May 2019
3.7
3.8
+2.7%
June 2019
3.9
3.7
-5.1%
July 2019
4.0
3.6
-10.0%
August 2019
4.1
3.4
-17.1%
12-Month Avg
3.7
3.8
+2.8%
Historical Months Supply of Inventory 18 16 14 12 10 8 6 4 2 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 13
Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.
August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
Quick Facts + 14.8%
+ 6.9%
+ 6.5%
Price Range With Strongest Sales:
Construction Status With Strongest Sales:
Property Type With Strongest Sales:
$200,000 to $299,999
Previously Owned
Condo-Townhouse
Pending Sales
15
Days on Market Until Sale
16
Median Sales Price
17
Percent of Original List Price Received
18
Percent of Properties Sold Over List Price
19
Inventory of Homes for Sale
20
Months Supply of Inventory
21
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 14
Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total.
By Price Range 8-2018
By Construction Status
8-2019
8-2018
24,978
9,863
By Property Type 8-2018
8-2019
26,696
25,205
8-2019
26,772
8,593 7,205
6,806
6,250
5,415 5,550
6,853
2,008 2,227
4,872 379
5,023
4,947
4,645
420
- 5.5%
+ 2.5%
+ 14.8%
+ 9.6%
+ 10.9%
+ 10.8%
+ 6.9%
+ 3.1%
+ 6.2%
+ 6.5%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
$149,999 and Below
7,205
6,806
- 5.5%
5,168
4,842
- 6.3%
2,037
1,964
- 3.6%
$150,000 to $199,999
5,415
5,550
+ 2.5%
4,226
4,184
- 1.0%
1,189
1,366
+ 14.9%
$200,000 to $299,999
8,593
9,863
+ 14.8%
7,862
9,003
+ 14.5%
731
860
+ 17.6%
$300,000 to $499,999
6,250
6,853
+ 9.6%
5,820
6,339
+ 8.9%
430
514
+ 19.5%
$500,000 to $999,999
2,008
2,227
+ 10.9%
1,800
2,040
+ 13.3%
208
187
- 10.1%
$1,000,000 and Above
379
420
+ 10.8%
329
364
+ 10.6%
50
56
+ 12.0%
All Price Ranges
29,850
31,719
+ 6.3%
25,205
26,772
+ 6.2%
4,645
4,947
+ 6.5%
By Construction Status
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
Previously Owned
24,978
26,696
+ 6.9%
20,697
22,182
+ 7.2%
4,281
4,514
+ 5.4%
New Construction
4,872
5,023
+ 3.1%
4,508
4,590
+ 1.8%
364
433
+ 19.0%
All Property Types
29,850
31,719
+ 6.3%
25,205
26,772
+ 6.2%
4,645
4,947
+ 6.5%
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 15
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.
By Price Range 8-2018
By Construction Status
8-2019
8-2018
123 100 83 55
53
63 45
By Property Type
8-2019
125
94
95
8-2018
8-2019
67
67
59
66
57
53
94
82
60
46
- 3.6%
+ 2.2%
+ 4.8%
- 1.2%
- 6.0%
+ 1.6%
+ 1.7%
+ 1.1%
0.0%
+ 7.5%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
$149,999 and Below
55
53
- 3.6%
60
57
- 5.0%
42
45
+ 7.1%
$150,000 to $199,999
45
46
+ 2.2%
46
46
0.0%
43
46
+ 7.0%
$200,000 to $299,999
63
66
+ 4.8%
63
66
+ 4.8%
64
69
+ 7.8%
$300,000 to $499,999
83
82
- 1.2%
82
81
- 1.2%
89
90
+ 1.1%
$500,000 to $999,999
100
94
- 6.0%
100
92
- 8.0%
98
112
+ 14.3%
$1,000,000 and Above
123
125
+ 1.6%
127
128
+ 0.8%
99
100
+ 1.0%
All Price Ranges
65
66
+ 1.5%
67
67
0.0%
53
57
+ 7.5%
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
Previously Owned
59
60
+ 1.7%
61
61
0.0%
51
56
+ 9.8%
New Construction
94
95
+ 1.1%
95
98
+ 3.2%
77
65
- 15.6%
All Property Types
65
66
+ 1.5%
67
67
0.0%
53
57
+ 7.5%
By Construction Status
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 16
Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.
By Construction Status 8-2018
By Property Type 8-2018
8-2019
$295,793
8-2019
$297,007 $219,000
$200,000
$228,000
$231,050
$240,990
$212,500
$156,000
+ 6.3%
+ 0.4%
Previously Owned
New Construction
+ 4.1% All Properties
All Properties By Construction Status
+ 4.3%
+ 1.9%
Single-Family
Single-Family
$159,000
Condo-Townhouse
Condo-Townhouse
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
Previously Owned
$200,000
$212,500
+ 6.3%
$215,000
$225,000
+ 4.7%
$150,000
$156,750
+ 4.5%
New Construction
$295,793
$297,007
+ 0.4%
$302,635
$302,000
- 0.2%
$195,990
$207,990
+ 6.1%
All Construction Statuses
$219,000
$228,000
+ 4.1%
$231,050
$240,990
+ 4.3%
$156,000
$159,000
+ 1.9%
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 17
Percent of Original List Price Received Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average.
By Price Range 8-2018
By Construction Status
8-2019 97.2%
8-2018
96.6%
96.7% 96.7%
96.2% 96.2%
By Property Type 8-2018
8-2019
8-2019
98.4% 98.6%
95.3% 95.5%
96.2%
93.5% 92.8%
95.7% 91.7% 91.7%
95.2% 95.0%
95.7% 95.5%
- 0.7%
- 0.6%
0.0%
0.0%
+ 0.2%
0.0%
- 0.2%
+ 0.2%
- 0.2%
- 0.5%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
$149,999 and Below
93.5%
92.8%
- 0.7%
92.6%
91.8%
- 0.9%
95.7%
95.1%
- 0.6%
$150,000 to $199,999
97.2%
96.6%
- 0.6%
97.1%
96.4%
- 0.7%
97.3%
97.2%
- 0.1%
$200,000 to $299,999
96.7%
96.7%
0.0%
96.7%
96.8%
+ 0.1%
96.8%
95.9%
- 0.9%
$300,000 to $499,999
96.2%
96.2%
0.0%
96.2%
96.3%
+ 0.1%
95.9%
94.9%
- 1.0%
$500,000 to $999,999
95.3%
95.5%
+ 0.2%
95.3%
95.7%
+ 0.4%
95.3%
94.2%
- 1.2%
$1,000,000 and Above
91.7%
91.7%
0.0%
91.6%
91.6%
0.0%
92.3%
92.6%
+ 0.3%
All Price Ranges
95.7%
95.6%
- 0.1%
95.7%
95.5%
- 0.2%
96.2%
95.7%
- 0.5%
By Construction Status
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
Previously Owned
95.2%
95.0%
- 0.2%
95.1%
94.9%
- 0.2%
96.0%
95.5%
- 0.5%
New Construction
98.4%
98.6%
+ 0.2%
98.3%
98.6%
+ 0.3%
98.9%
98.6%
- 0.3%
All Property Types
95.7%
95.6%
- 0.1%
95.7%
95.5%
- 0.2%
96.2%
95.7%
- 0.5%
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 18
Percent of Properties Sold Over List Price Percent of closed sales that sold for more than the most recent list price. Based on a rolling 12-month average.
By Price Range 8-2018
By Construction Status
8-2019
8-2018
By Property Type 8-2018
8-2019
17.3%
18.7% 16.7%
16.6% 16.4% 13.4% 13.9% 10.9% 11.2%
9.7%
13.7% 13.1%
8-2019
14.6% 14.7%
15.2% 10.5% 8.6%
10.4%
4.3%
5.8%
- 10.6%
+ 3.6%
+ 3.0%
+ 7.0%
+ 32.7%
- 1.0%
- 4.7%
+ 14.2%
+ 0.8%
- 18.6%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
$149,999 and Below
18.7%
16.7%
- 10.6%
20.5%
19.0%
- 7.5%
12.1%
9.3%
- 22.9%
$150,000 to $199,999
13.4%
13.9%
+ 3.6%
13.9%
14.7%
+ 6.2%
8.8%
5.3%
- 39.0%
$200,000 to $299,999
10.9%
11.2%
+ 3.0%
11.0%
11.6%
+ 5.8%
9.2%
5.7%
- 38.2%
$300,000 to $499,999
9.7%
10.4%
+ 7.0%
10.2%
11.0%
+ 8.1%
5.4%
3.8%
- 29.5%
$500,000 to $999,999
4.3%
5.8%
+ 32.7%
4.8%
6.0%
+ 25.9%
1.6%
3.8%
+ 138.5%
$1,000,000 and Above
16.6%
16.4%
- 1.0%
18.4%
18.9%
+ 2.5%
11.9%
10.6%
- 10.8%
All Price Ranges
14.0%
13.8%
- 1.4%
14.6%
14.7%
+ 0.8%
10.5%
8.6%
- 18.6%
By Construction Status
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
Previously Owned
13.7%
13.1%
- 4.7%
14.4%
14.1%
- 2.5%
10.3%
8.2%
- 20.1%
New Construction
15.2%
17.3%
+ 14.2%
15.4%
17.8%
+ 15.6%
12.9%
12.3%
- 4.8%
All Property Types
14.0%
13.8%
- 1.4%
14.6%
14.7%
+ 0.8%
10.5%
8.6%
- 18.6%
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 19
Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.
By Price Range 8-2018
By Construction Status
8-2019
8-2018
2,703 2,430
8,257
2,622 2,317
By Property Type 8-2018
8-2019
8,751
7,390
8-2019
7,697
1,929 1,449
1,342 1,326 1,081 1,023 435
1,855
509
1,664
1,361
1,357
- 24.9%
- 5.4%
- 10.1%
- 11.6%
- 1.2%
+ 17.0%
- 10.5%
- 10.3%
- 12.0%
- 0.3%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
$149,999 and Below
1,929
1,449
- 24.9%
1,512
1,124
- 25.7%
417
325
- 22.1%
$150,000 to $199,999
1,081
1,023
- 5.4%
827
715
- 13.5%
254
308
+ 21.3%
$200,000 to $299,999
2,703
2,430
- 10.1%
2,475
2,161
- 12.7%
228
269
+ 18.0%
$300,000 to $499,999
2,622
2,317
- 11.6%
2,373
2,080
- 12.3%
249
237
- 4.8%
$500,000 to $999,999
1,342
1,326
- 1.2%
1,179
1,150
- 2.5%
163
176
+ 8.0%
$1,000,000 and Above
435
509
+ 17.0%
385
467
+ 21.3%
50
42
- 16.0%
All Price Ranges
10,112
9,054
- 10.5%
8,751
7,697
- 12.0%
1,361
1,357
- 0.3%
By Construction Status
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
8,257
7,390
- 10.5%
7,030
6,179
- 12.1%
1,227
1,211
- 1.3%
New Construction
1,855
1,664
- 10.3%
1,721
1,518
- 11.8%
134
146
+ 9.0%
All Property Types
10,112
9,054
- 10.5%
8,751
7,697
- 12.0%
1,361
1,357
- 0.3%
Previously Owned
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 20
Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months.
By Price Range 8-2018
By Construction Status
8-2019
8-2018
13.8
By Property Type 8-2018
8-2019
4.6
14.5
4.0
4.2 4.0
5.0 3.2
3.8 2.6
2.4
2.2
3.0
3.5
3.5
3.3 8.0
8-2019
3.3
7.1
4.1
- 18.8%
- 8.3%
- 21.1%
- 18.0%
- 11.3%
+ 5.1%
- 16.3%
- 13.0%
- 16.7%
- 5.7%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
$149,999 and Below
3.2
2.6
- 18.8%
3.5
2.8
- 20.0%
2.5
2.0
- 20.0%
$150,000 to $199,999
2.4
2.2
- 8.3%
2.3
2.1
- 8.7%
2.6
2.7
+ 3.8%
$200,000 to $299,999
3.8
3.0
- 21.1%
3.8
2.9
- 23.7%
3.7
3.8
+ 2.7%
$300,000 to $499,999
5.0
4.1
- 18.0%
4.9
3.9
- 20.4%
6.9
5.5
- 20.3%
$500,000 to $999,999
8.0
7.1
- 11.3%
7.9
6.8
- 13.9%
9.4
11.3
+ 20.2%
$1,000,000 and Above
13.8
14.5
+ 5.1%
14.0
15.4
+ 10.0%
12.0
9.0
- 25.0%
All Price Ranges
4.1
3.4
- 17.1%
4.2
3.5
- 16.7%
3.5
3.3
- 5.7%
8-2018
8-2019
Change
8-2018
8-2019
Change
8-2018
8-2019
Change
Previously Owned
4.0
3.3
- 16.3%
4.1
3.3
- 18.0%
3.4
3.2
- 6.4%
New Construction
4.6
4.0
- 13.0%
4.6
4.0
- 13.4%
4.4
4.0
- 8.4%
All Property Types
4.1
3.4
- 17.1%
4.2
3.5
- 16.7%
3.5
3.3
- 5.7%
By Construction Status
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 21
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside / Mandarin / Bartram
- 15.3%
- 9.4%
+ 6.3%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 01
August
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
354
300
- 15.3%
2,734
2,507
- 8.3%
265
240
- 9.4%
1,944
1,858
- 4.4%
$225,000
$239,200
+ 6.3%
$235,000
$244,000
+ 3.8%
Percent of Original List Price Received*
96.3%
96.3%
0.0%
96.3%
96.0%
- 0.3%
Percent of Properties Sold Over List Price*
13.2%
15.4%
+ 16.7%
14.6%
13.3%
- 8.9%
Days on Market Until Sale
48
52
+ 8.3%
54
59
+ 9.3%
Inventory of Homes for Sale
859
690
- 19.7%
--
--
--
Months Supply of Inventory
3.7
3.0
- 18.9%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2018
2019
Year to Date 2,734
354 300
265
- 15.3% New Listings
2018
2,507 1,944
240
1,858
- 4.4% Closed Sales
- 8.3% New Listings
- 9.4% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Southside / Mandarin / Bartram
a
+ 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside
- 1.4%
- 10.4%
+ 3.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 02
August
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
419
413
- 1.4%
3,437
3,519
+ 2.4%
338
303
- 10.4%
2,541
2,546
+ 0.2%
$213,700
$221,000
+ 3.4%
$210,000
$207,700
- 1.1%
Percent of Original List Price Received*
96.6%
96.6%
0.0%
96.5%
96.1%
- 0.4%
Percent of Properties Sold Over List Price*
13.9%
12.5%
- 10.1%
15.3%
12.4%
- 19.0%
Days on Market Until Sale
46
54
+ 17.4%
49
55
+ 12.2%
Inventory of Homes for Sale
935
962
+ 2.9%
--
--
--
Months Supply of Inventory
3.0
3.0
0.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 419
2018
2019
Year to Date
413 338
- 1.4% New Listings
3,437
2018
3,519
303
2,546
2,541
+ 0.2% Closed Sales
+ 2.4% New Listings
- 10.4% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Southside
a
+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Riverside / Avondale / Ortega
- 16.7%
- 15.8%
+ 11.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 03
August
New Listings Closed Sales Median Sales Price*
Year to Date
2018
2019
+/–
2018
2019
+/–
72
60
- 16.7%
575
609
+ 5.9%
57
48
- 15.8%
376
409
+ 8.8%
$266,000
$297,500
+ 11.8%
$288,450
$294,000
+ 1.9%
Percent of Original List Price Received*
92.4%
95.2%
+ 3.0%
94.2%
93.6%
- 0.6%
Percent of Properties Sold Over List Price*
5.3%
10.4%
+ 96.2%
9.6%
8.1%
- 15.6%
Days on Market Until Sale
67
68
+ 1.5%
68
76
+ 11.8%
Inventory of Homes for Sale
226
222
- 1.8%
--
--
--
Months Supply of Inventory
5.1
4.7
- 7.8%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2018
2019
Year to Date
72 60
57
- 16.7% New Listings
575
2018
609
48
409
376
+ 8.8% Closed Sales
+ 5.9% New Listings
- 15.8% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Riverside / Avondale / Ortega
a
+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Arlington / Fort Caroline
- 11.0%
- 5.6%
+ 9.7%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 04
August
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
245
218
- 11.0%
1,781
1,785
+ 0.2%
197
186
- 5.6%
1,315
1,402
+ 6.6%
$198,000
$217,250
+ 9.7%
$193,250
$208,000
+ 7.6%
Percent of Original List Price Received*
96.2%
96.7%
+ 0.5%
96.6%
96.3%
- 0.3%
Percent of Properties Sold Over List Price*
14.2%
21.0%
+ 47.9%
18.8%
19.0%
+ 1.1%
Days on Market Until Sale
44
50
+ 13.6%
50
51
+ 2.0%
Inventory of Homes for Sale
513
390
- 24.0%
--
--
--
Months Supply of Inventory
3.2
2.2
- 31.3%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 245
2018
2019
Year to Date 1,781
218
197
- 11.0% New Listings
2018
1,785 1,402
1,315
186
+ 6.6% Closed Sales
+ 0.2% New Listings
- 5.6% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Arlington / Fort Caroline
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
West Jacksonville
+ 7.7%
- 23.2%
+ 10.6%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 06
August
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
207
223
+ 7.7%
1,504
1,575
+ 4.7%
190
146
- 23.2%
1,164
1,234
+ 6.0%
$172,000
$190,250
+ 10.6%
$174,900
$185,000
+ 5.8%
Percent of Original List Price Received*
97.3%
96.3%
- 1.0%
97.3%
97.0%
- 0.3%
Percent of Properties Sold Over List Price*
14.7%
13.0%
- 11.6%
19.4%
18.1%
- 6.7%
Days on Market Until Sale
45
53
+ 17.8%
55
60
+ 9.1%
Inventory of Homes for Sale
448
382
- 14.7%
--
--
--
Months Supply of Inventory
3.2
2.5
- 21.9%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 207
2018
223
2019
Year to Date 1,504
190
2018
1,575 1,234
1,164
146
+ 7.7% New Listings
+ 6.0% Closed Sales
+ 4.7% New Listings
- 23.2% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
West Jacksonville
a
+ 30%
+ 20%
+ 10%
0%
- 10%
- 20%
- 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Fleming Island Area
0.0%
+ 3.7%
+ 5.7%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 12
August
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
62
62
0.0%
623
545
- 12.5%
54
56
+ 3.7%
430
419
- 2.6%
$279,995
$295,995
+ 5.7%
$270,000
$289,000
+ 7.0%
Percent of Original List Price Received*
96.1%
95.1%
- 1.0%
96.9%
96.6%
- 0.3%
Percent of Properties Sold Over List Price*
13.0%
5.4%
- 58.5%
11.4%
12.2%
+ 7.0%
Days on Market Until Sale
56
76
+ 35.7%
53
53
0.0%
Inventory of Homes for Sale
197
134
- 32.0%
--
--
--
Months Supply of Inventory
3.8
2.6
- 31.6%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2018
62
62
54
2019
Year to Date 623
56
2018
545 430
0.0% New Listings
419
- 2.6% Closed Sales
- 12.5% New Listings
+ 3.7% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Fleming Island Area
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Orange Park
- 28.2%
- 13.5%
+ 6.7%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 13
August
Year to Date
2018
2019
+/–
2018
2019
New Listings
238
171
- 28.2%
1,523
1,375
- 9.7%
Closed Sales
156
135
- 13.5%
1,021
1,069
+ 4.7%
Median Sales Price*
+/–
$201,500
$215,000
+ 6.7%
$195,000
$213,000
+ 9.2%
Percent of Original List Price Received*
96.7%
97.4%
+ 0.7%
97.2%
96.8%
- 0.4%
Percent of Properties Sold Over List Price*
15.4%
18.5%
+ 20.1%
18.8%
19.0%
+ 1.1%
Days on Market Until Sale
42
45
+ 7.1%
46
57
+ 23.9%
Inventory of Homes for Sale
465
330
- 29.0%
--
--
--
Months Supply of Inventory
3.7
2.5
- 32.4%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2018
2019
Year to Date
238
1,523 171
156
- 28.2% New Listings
2018
1,375 1,069
1,021
135
+ 4.7% Closed Sales
- 9.7% New Listings
- 13.5% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Orange Park
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Middleburg Vicinity
- 8.5%
+ 1.1%
+ 18.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 14
August 2018
2019
New Listings
118
Closed Sales
94
Median Sales Price*
Year to Date +/–
2018
2019
+/–
108
- 8.5%
907
893
- 1.5%
95
+ 1.1%
652
785
+ 20.4%
$185,000
$220,000
+ 18.9%
$192,000
$209,000
+ 8.9%
Percent of Original List Price Received*
94.6%
97.5%
+ 3.1%
96.3%
96.6%
+ 0.3%
Percent of Properties Sold Over List Price*
13.8%
16.8%
+ 21.7%
19.3%
17.6%
- 8.8%
Days on Market Until Sale
57
64
+ 12.3%
49
70
+ 42.9%
Inventory of Homes for Sale
314
218
- 30.6%
--
--
--
Months Supply of Inventory
4.1
2.3
- 43.9%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 118
2018
2019
Year to Date 907
108
94
- 8.5% New Listings
2018
893
2019
785
95
652
+ 20.4% Closed Sales
- 1.5% New Listings
+ 1.1% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Middleburg Vicinity
a
+ 30%
+ 20%
+ 10%
0%
- 10%
- 20%
- 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Green Cove Springs
+ 79.6%
+ 39.1%
- 1.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 16
August
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
49
88
+ 79.6%
439
595
+ 35.5%
46
64
+ 39.1%
363
417
+ 14.9%
$225,000
$221,837
- 1.4%
$227,500
$221,000
- 2.9%
Percent of Original List Price Received*
94.1%
97.0%
+ 3.1%
97.5%
96.6%
- 0.9%
Percent of Properties Sold Over List Price*
19.6%
12.5%
- 36.2%
16.5%
14.1%
- 14.5%
Days on Market Until Sale
75
53
- 29.3%
72
66
- 8.3%
Inventory of Homes for Sale
155
184
+ 18.7%
--
--
--
Months Supply of Inventory
3.8
3.7
- 2.6%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2018
2019
Year to Date
88
2018
2019
595 64
49
439
+ 79.6% New Listings
+ 14.9% Closed Sales
+ 35.5% New Listings
+ 39.1% Closed Sales
417
363
46
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Green Cove Springs
a
+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Jacksonville Beach
- 20.5%
+ 7.1%
+ 7.7%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 21
August
Year to Date
2018
2019
+/–
New Listings
73
58
Closed Sales
56
60
Median Sales Price*
2018
2019
+/–
- 20.5%
716
621
- 13.3%
+ 7.1%
451
430
- 4.7%
$394,950
$425,250
+ 7.7%
$387,000
$398,250
+ 2.9%
Percent of Original List Price Received*
94.2%
96.1%
+ 2.0%
95.6%
95.1%
- 0.5%
Percent of Properties Sold Over List Price*
8.9%
8.3%
- 6.7%
8.4%
8.1%
- 3.6%
Days on Market Until Sale
61
62
+ 1.6%
68
69
+ 1.5%
Inventory of Homes for Sale
251
222
- 11.6%
--
--
--
Months Supply of Inventory
4.8
4.3
- 10.4%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2018
2019
Year to Date
73
716 58
56
60
2018
621 451
- 20.5% New Listings
430
- 4.7% Closed Sales
- 13.3% New Listings
+ 7.1% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Jacksonville Beach
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% - 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Neptune Beach
+ 53.8%
+ 60.0%
- 20.2%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 22
August
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
13
20
+ 53.8%
103
122
+ 18.4%
10
16
+ 60.0%
77
77
0.0%
$557,500
$444,950
- 20.2%
$455,000
$447,000
- 1.8%
Percent of Original List Price Received*
94.2%
95.5%
+ 1.4%
94.9%
95.4%
+ 0.5%
Percent of Properties Sold Over List Price*
10.0%
6.3%
- 37.0%
9.1%
7.8%
- 14.3%
65
62
- 4.6%
61
53
- 13.1%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
34
38
+ 11.8%
--
--
--
Months Supply of Inventory
3.5
3.9
+ 11.4%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2018
2019
Year to Date
2018
2019
122
20
103
16
13
77
77
10
+ 53.8% New Listings
0.0% Closed Sales
+ 18.4% New Listings
+ 60.0% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Neptune Beach
a
+ 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Atlantic Beach
- 14.3%
0.0%
+ 48.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 23
August
New Listings Closed Sales Median Sales Price*
Year to Date
2018
2019
+/–
2018
2019
+/–
35
30
- 14.3%
275
274
- 0.4%
23
23
0.0%
196
193
- 1.5%
$265,000
$392,500
+ 48.1%
$420,000
$390,000
- 7.1%
Percent of Original List Price Received*
97.0%
96.7%
- 0.3%
95.8%
96.4%
+ 0.6%
Percent of Properties Sold Over List Price*
8.7%
21.7%
+ 149.4%
13.3%
13.5%
+ 1.5%
Days on Market Until Sale
38
73
+ 92.1%
79
73
- 7.6%
Inventory of Homes for Sale
109
97
- 11.0%
--
--
--
Months Supply of Inventory
4.7
4.2
- 10.6%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2018
2019
Year to Date 275
35
2018
274
30 23
- 14.3% New Listings
196
23
193
- 1.5% Closed Sales
- 0.4% New Listings
0.0% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Atlantic Beach
a
+ 60% + 50% + 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% - 40% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
North Beach / Mayport
- 28.6%
- 22.2%
+ 38.2%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 24
August
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
14
10
- 28.6%
124
79
- 36.3%
9
7
- 22.2%
102
69
- 32.4%
$157,000
$217,000
+ 38.2%
$199,000
$195,000
- 2.0%
Percent of Original List Price Received*
93.6%
98.8%
+ 5.6%
98.4%
97.6%
- 0.8%
Percent of Properties Sold Over List Price*
22.2%
14.3%
- 35.6%
36.3%
26.1%
- 28.1%
45
31
- 31.1%
57
53
- 7.0%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
30
14
- 53.3%
--
--
--
Months Supply of Inventory
2.6
1.6
- 38.5%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2018
2019
Year to Date
2018
2019
124
14
102
10
9
- 28.6% New Listings
79
7
69
- 32.4% Closed Sales
- 36.3% New Listings
- 22.2% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
North Beach / Mayport
a
+ 120% + 100% + 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
NE St. Johns County – Ponte Vedra Beach North
- 26.7%
+ 13.6%
+ 59.3%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 25
August
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
30
22
- 26.7%
288
220
- 23.6%
22
25
+ 13.6%
188
176
- 6.4%
$353,500
$562,990
+ 59.3%
$514,000
$599,533
+ 16.6%
Percent of Original List Price Received*
92.7%
94.7%
+ 2.2%
93.3%
93.5%
+ 0.2%
Percent of Properties Sold Over List Price*
18.2%
8.0%
- 56.0%
6.9%
11.4%
+ 65.2%
Days on Market Until Sale
75
107
+ 42.7%
92
116
+ 26.1%
Inventory of Homes for Sale
126
98
- 22.2%
--
--
--
Months Supply of Inventory
5.7
4.9
- 14.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2018
2019
Year to Date
30 22
22
- 26.7% New Listings
2018
2019
288
25
220
188
- 6.4% Closed Sales
- 23.6% New Listings
+ 13.6% Closed Sales
176
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
NE St. Johns County – Ponte Vedra Beach North
a
+ 140% + 120% + 100% + 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% - 80% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley
+ 24.1%
+ 27.0%
- 9.2%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 26
August
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
87
108
+ 24.1%
879
831
- 5.5%
63
80
+ 27.0%
548
538
- 1.8%
$509,000
$462,000
- 9.2%
$464,370
$499,000
+ 7.5%
Percent of Original List Price Received*
94.0%
94.3%
+ 0.3%
94.5%
93.9%
- 0.6%
Percent of Properties Sold Over List Price*
6.3%
7.5%
+ 19.0%
6.9%
4.1%
- 40.6%
Days on Market Until Sale
89
80
- 10.1%
84
94
+ 11.9%
Inventory of Homes for Sale
381
369
- 3.1%
--
--
--
Months Supply of Inventory
6.0
5.9
- 1.7%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2018
2019
Year to Date
108
879
87
2018
831
80
548
63
+ 24.1% New Listings
538
- 1.8% Closed Sales
- 5.5% New Listings
+ 27.0% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley
a
+ 30% + 20% + 10% 0% - 10% - 20% - 30% - 40% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra / Nocatee (St. Johns County)
+ 5.6%
0.0%
- 0.2%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 27
August
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
90
95
+ 5.6%
775
829
+ 7.0%
88
88
0.0%
550
650
+ 18.2%
$435,735
$434,760
- 0.2%
$422,769
$433,000
+ 2.4%
Percent of Original List Price Received*
97.3%
97.7%
+ 0.4%
97.5%
97.4%
- 0.1%
Percent of Properties Sold Over List Price*
10.2%
26.1%
+ 155.9%
12.9%
15.5%
+ 20.2%
Days on Market Until Sale
75
55
- 26.7%
65
74
+ 13.8%
Inventory of Homes for Sale
220
234
+ 6.4%
--
--
--
Months Supply of Inventory
2.9
3.0
+ 3.4%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2018
95
90
88
2019
Year to Date
88
2018
829
775
650
550
+ 5.6% New Listings
+ 18.2% Closed Sales
+ 7.0% New Listings
0.0% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Ponte Vedra / Nocatee (St. Johns County)
a
+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – August 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
St. Johns County NW
- 8.7%
+ 1.0%
+ 6.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 30
August
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
344
314
- 8.7%
2,754
2,990
+ 8.6%
289
292
+ 1.0%
2,132
2,248
+ 5.4%
$310,000
$331,450
+ 6.9%
$316,500
$327,000
+ 3.3%
Percent of Original List Price Received*
97.0%
96.7%
- 0.3%
96.8%
97.2%
+ 0.4%
Percent of Properties Sold Over List Price*
10.7%
12.7%
+ 18.7%
10.8%
13.4%
+ 24.1%
Days on Market Until Sale
73
76
+ 4.1%
79
79
0.0%
Inventory of Homes for Sale
964
963
- 0.1%
--
--
--
Months Supply of Inventory
3.8
3.6
- 5.3%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 344
2018
314
289
- 8.7% New Listings
2019
Year to Date 2,754
292
2018
2,990 2,248
2,132
+ 5.4% Closed Sales
+ 8.6% New Listings
+ 1.0% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
St. Johns County - NW
a
+ 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of September 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.