Market Insight - July 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 shareis 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.
July 2019
Quick Facts
Quick Facts
n that began IninJuly, June the 2009 U.S.became economic theexpansion longest in that began in June 2009 became the longest in aight months theofnation's gross domestic history, marking product 121 growth straight months of gross domestic product growth nsion from and 1991surpassing to 2001. The theaverage 120-month rateexpansion of from 1991 to 2001. of in ChangeThe in average rate Change en a mildergrowth 2.3 percent during per this year expansion compared hastobeen a milder 2.3 percent year compared to Price Closedper Sales Median Sales gh the economy 3.6 percent shouldduring continue the to 1990s. perform Although well the economy should continue to perform well s see a mildforrecession the rest of on2019, the horizon. most economists see a mild recession on the horizon. Market Overview New Listings in the Northeast Florida region decreased 6.3 percent to 3,593. Pending region decreased 6.3 percent to 3,593. Pending New Listings nventory levels 7.4 up percent to 9,173 Salesfell were 6.0 percent to units. 2,983. Inventory levels fell 7.4 percent to 9,173 units. Pending Sales e Median Sales increased 5.2 traction. percent to PricesPrice continued to gain The Median Sales Price Sales increased 5.2 percent to Closed .0 percent $242,000. to 63 days.Days Buyers on Market felt empowered was up 5.0 percent to 63 days. Buyers felt empowered DaystoOn Until Sale own 12.5 percent to 3.5 months. as Months Supply of Inventory was down 12.5 percent 3.5Market months. Median Sales Price economic During expansion, the unemployment rate economic expansion, the record-setting 121-month unemployment rate Average the Sales Price 09 to 3.7 percent, yet many continue has dropped fromconsumers 10.0 percent in 2009 to 3.7 percent, yet many consumers continue of Original Received interest rates have helped offsetLow low housing to struggle financially. mortgage interest rates Percent have helped offset List low Price housing
+ 1.4%
+ 5.2%
- 7.4% + 1.4% Change inChange in Inventory Closed Sales
+ 5.2%
- 7.4%
Change in Median Sales Price
Change in Inventory
Market Overview 2 All data provided by the Northeast Florida Multiple Listing Service.
e outpacing median household growth. affordability, but highincome home prices are outpacing median household income Percent of Properties Soldgrowth. Over List Price mic prosperity, Federal Reserve reduced the prosperity, the Federal Reserve reduced the In a the move to stoke continued economic Housing Affordability Index point to about 2.25 percent, first point to about 2.25 percent, marking the first benchmark interestmarking rate by the a quarter Inventory of Homes for Sale reduction in more than a decade.
2
New Listings 3
3
Pending Sales 4
4
Closed Sales 5
5
Days On Market 6 Until Sale
6
Median Sales 7 Price
7
Average Sales 8 Price
8
Percent of9Original List Price Received
9
Percent of 10Properties Sold Over List Price
10
Housing Affordability 11 Index
11
Inventory12 of Homes for Sale
12
Months Supply of Inventory
Months Supply 13 of Inventory
13
Housing Supply Overview Report
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 August 8, 2019. All data from Northeast Florida MultipleCurrent Listing as Service. of August 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 7-2016
7-2017
7-2018
7-2016
7-2017
7-2018
7-2019
7-2016
7-2017
7-2018
7-2019
Closed Sales Days on Market Until Sale 7-2017
7-2018
7-2016
7-2017
7-2018
7-2019
7-2016
7-2017
7-2018
7-2019
Average Sales Price
Percent of Properties Sold Over List Price
7-2016
7-2017
7-2018
YTD 2018 YTD 2019
+/-
3,835
3,593
- 6.3%
25,462
25,734
+ 1.1%
2,814
2,983
+ 6.0%
18,779
19,998
+ 6.5%
2,781
2,820
+ 1.4%
17,761
18,513
+ 4.2%
60
63
+ 5.0%
65
67
+ 3.1%
$230,000
$242,000
+ 5.2%
$224,900
$230,000
+ 2.3%
$274,402
$283,038
+ 3.1%
$268,422
$274,171
+ 2.1%
96.1%
95.9%
- 0.2%
95.9%
95.7%
- 0.2%
14.4%
13.5%
- 6.2%
14.6%
14.0%
- 4.1%
131
133
+ 1.5%
134
140
+ 4.5%
9,905
9,173
- 7.4%
--
--
--
4.0
3.5
- 12.5%
--
--
--
7-2019
7-2016
7-2017
7-2018
7-2019
7-2016
7-2017
7-2018
7-2019
Housing Affordability Index Inventory of Homes for Sale Months Supply of Homes for Sale
+/-
7-2019
Median Sales Price
Percent of Original List Price Received
7-2019
7-2019
Pending Sales
7-2016
7-2018
7-2016
7-2017
7-2018
7-2019
7-2016
7-2017
7-2018
7-2019
Current as of August 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.
July
Year To Date 3,835
3,593
3,240
2017
+18.4%
-6.3%
2018
2019
25,462
23,258
2017
25,734
+9.5%
+1.1%
2018
2019
Month
Prior Year
Current Year
August 2018
3,658
3,768
+3.0%
September 2018
2,287
3,182
+39.1%
October 2018
3,007
3,437
+14.3%
November 2018
2,597
2,932
+12.9%
December 2018
2,100
2,063
-1.8%
January 2019
2,964
3,302
+11.4%
February 2019
3,226
3,385
+4.9%
March 2019
3,880
3,960
+2.1%
April 2019
3,840
3,982
+3.7%
May 2019
3,817
4,000
+4.8%
June 2019
3,900
3,507
-10.1%
July 2019
3,835
3,593
-6.3%
12-Month Avg
3,259
3,426
+5.1%
+/–
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 August 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.
July
Year To Date
2,684
2017
2,983
2,814
18,779
18,176
+4.8%
+6.0%
2018
2019
2017
19,998
+3.3%
+6.5%
2018
2019
Month
Prior Year
Current Year
August 2018
2,580
2,685
+4.1%
September 2018
1,911
2,349
+22.9%
October 2018
2,347
2,496
+6.3%
November 2018
2,177
2,135
-1.9%
December 2018
1,957
1,866
-4.6%
January 2019
2,069
2,222
+7.4%
February 2019
2,346
2,483
+5.8%
March 2019
2,917
3,009
+3.2%
April 2019
2,998
3,185
+6.2%
May 2019
2,961
3,129
+5.7%
June 2019
2,674
2,987
+11.7%
July 2019
2,814
2,983
+6.0%
12-Month Avg
2,479
2,627
+6.0%
+/–
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 August 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.
July
Year To Date
2,644
2017
2,820
2,781
17,761
17,355
+5.2%
+1.4%
2018
2019
2017
18,513
+2.3%
+4.2%
2018
2019
Month
Prior Year
Current Year
August 2018
2,832
2,903
+2.5%
September 2018
2,013
2,334
+15.9%
October 2018
2,329
2,542
+9.1%
November 2018
2,239
2,391
+6.8%
December 2018
2,633
2,355
-10.6%
January 2019
1,638
1,717
+4.8%
February 2019
1,935
2,098
+8.4%
March 2019
2,633
2,594
-1.5%
April 2019
2,714
2,998
+10.5%
May 2019
2,966
3,295
+11.1%
June 2019
3,094
2,977
-3.8%
July 2019
2,781
2,820
+1.4%
12-Month Avg
2,484
2,587
+4.6%
+/–
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 August 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.
July
Year To Date 75 67
2017
-10.4%
+5.0%
2018
2019
67
65
63
60
2017
Prior Year
Current Year
+/–
August 2018
65
60
-7.7%
September 2018
66
65
-1.5%
October 2018
64
59
-7.8%
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%
12-Month Avg
65
65
+0.4%
Month
-13.3%
+3.1%
2018
2019
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 August 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.
July
Year To Date
$224,900 $230,000
$215,000
2017
+7.0%
+5.2%
2018
2019
$230,000
$202,000
$242,000
2017
Prior Year
Current Year
+/–
August 2018
$205,000
$220,000
+7.3%
September 2018
$208,850
$216,945
+3.9%
October 2018
$204,825
$212,500
+3.7%
November 2018
$208,000
$220,000
+5.8%
December 2018
$211,960
$226,485
+6.9%
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
$232,500
+3.3%
June 2019
$235,000
$242,000
+3.0%
July 2019
$230,000
$242,000
+5.2%
12-Month Med
$216,500
$225,000
+3.9%
Month
+11.3%
+2.3%
2018
2019
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 August 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.
July
Year To Date $274,402
$254,211
$283,038
$268,422
$274,171
$244,504
2017
+ 7.9%
+ 3.1%
2018
2019
2017
Prior Year
Current Year
+/–
August 2018
$247,080
$264,330
+7.0%
September 2018
$248,831
$256,703
+3.2%
October 2018
$251,264
$263,902
+5.0%
November 2018
$250,357
$261,330
+4.4%
December 2018
$258,636
$267,450
+3.4%
January 2019
$243,531
$242,330
-0.5%
February 2019
$256,654
$255,403
-0.5%
March 2019
$267,205
$268,673
+0.5%
April 2019
$268,755
$277,484
+3.2%
May 2019
$272,144
$276,091
+1.5%
June 2019
$280,792
$296,636
+5.6%
July 2019
$274,402
$283,038
+3.1%
12-Month Avg
$261,511
$269,596
+3.1%
Month
+ 9.8%
+ 2.1%
2018
2019
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 August 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.
July
Year To Date
95.6%
2017
96.1%
95.9%
+0.5%
-0.2%
2018
2019
95.9%
95.4%
2017
95.7%
+0.5%
-0.2%
2018
2019
Month
Prior Year
Current Year
August 2018
95.6%
95.6%
0.0%
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%
95.0%
-0.1%
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%
95.9%
-0.2%
12-Month Avg
95.7%
95.5%
-0.2%
+/–
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 August 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.
July
Year To Date
14.7%
2017
14.4%
-2.0%
-6.2%
2018
2019
14.6%
14.5%
13.5%
2017
14.0%
+0.7%
-4.1%
2018
2019
Month
Prior Year
Current Year
+/–
August 2018
13.5%
13.3%
-1.5%
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%
11.7%
-10.0%
February 2019
11.3%
12.8%
+13.3%
March 2019
15.4%
15.4%
0.0%
April 2019
15.5%
14.4%
-7.1%
May 2019
16.2%
15.1%
-6.8%
June 2019
14.5%
14.0%
-3.4%
July 2019
14.4%
13.5%
-6.2%
12-Month Avg
14.0%
13.7%
-2.2%
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 August 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.
July
Year To Date 152
2017
161
133
131
-13.8%
+1.5%
2018
2019
Prior Year
Current Year
+/–
August 2018
159
137
-13.8%
September 2018
157
139
-11.5%
October 2018
159
138
-13.2%
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
135
-0.7%
June 2019
129
130
+0.8%
July 2019
131
133
+1.5%
12-Month Avg
146
137
-5.9%
Month
140
134
-16.8%
+4.5%
2018
2019
2017
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 August 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.
July
9,905
9,169
2017
9,173
+8.0%
-7.4%
2018
2019
Month
Prior Year
Current Year
August 2018
9,394
10,097
+7.5%
September 2018
9,060
10,103
+11.5%
October 2018
8,945
10,119
+13.1%
November 2018
8,672
10,083
+16.3%
December 2018
7,995
9,299
+16.3%
January 2019
8,226
9,536
+15.9%
February 2019
8,515
9,682
+13.7%
March 2019
8,850
9,824
+11.0%
April 2019
9,037
9,860
+9.1%
May 2019
9,213
9,810
+6.5%
June 2019
9,678
9,517
-1.7%
July 2019
9,905
9,173
-7.4%
12-Month Avg
8,958
9,760
+9.3%
+/–
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 August 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.
July
Prior Year
Current Year
+/–
August 2018
3.9
4.1
+5.1%
September 2018
3.8
4.0
+5.3%
October 2018
3.7
4.0
+8.1%
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
3.8
+5.6%
April 2019
3.7
3.8
+2.7%
May 2019
3.7
3.8
+2.7%
June 2019
3.9
3.6
-7.7%
July 2019
4.0
3.5
-12.5%
12-Month Avg
3.7
3.8
+3.8%
Month
4.0
3.8
3.5
2017
+5.3%
-12.5%
2018
2019
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 August 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.
July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
Quick Facts + 14.3%
+ 6.6%
+ 6.2%
Price Range With Strongest Sales:
Construction Status With Strongest Sales:
Property Type With Strongest Sales:
$200,000 to $299,999
Previously Owned
Single-Family
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 August 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 7-2018
By Construction Status
7-2019
7-2018
24,917
9,723
By Property Type 7-2018
7-2019
26,550
25,076
7-2019
26,635
8,507 7,334
6,898
6,158
5,393 5,536
6,767
1,987 2,182
4,834 372
4,979
4,894
4,675
423
- 5.9%
+ 2.7%
+ 14.3%
+ 9.9%
+ 9.8%
+ 13.7%
+ 6.6%
+ 3.0%
+ 6.2%
+ 4.7%
$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
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
$149,999 and Below
7,334
6,898
- 5.9%
5,249
4,900
- 6.6%
2,085
1,998
- 4.2%
$150,000 to $199,999
5,393
5,536
+ 2.7%
4,208
4,191
- 0.4%
1,185
1,345
+ 13.5%
$200,000 to $299,999
8,507
9,723
+ 14.3%
7,777
8,908
+ 14.5%
730
815
+ 11.6%
$300,000 to $499,999
6,158
6,767
+ 9.9%
5,736
6,270
+ 9.3%
422
497
+ 17.8%
$500,000 to $999,999
1,987
2,182
+ 9.8%
1,784
1,993
+ 11.7%
203
189
- 6.9%
$1,000,000 and Above
372
423
+ 13.7%
322
373
+ 15.8%
50
50
0.0%
All Price Ranges
29,751
31,529
+ 6.0%
25,076
26,635
+ 6.2%
4,675
4,894
+ 4.7%
By Construction Status
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
Previously Owned
24,917
26,550
+ 6.6%
20,636
22,062
+ 6.9%
4,281
4,488
+ 4.8%
New Construction
4,834
4,979
+ 3.0%
4,440
4,573
+ 3.0%
394
406
+ 3.0%
All Property Types
29,751
31,529
+ 6.0%
25,076
26,635
+ 6.2%
4,675
4,894
+ 4.7%
Current as of August 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 7-2018
By Construction Status
7-2019
7-2018
123 103 83 55
63
53
46
82
94
94
129
93
By Property Type
7-2019
7-2018
7-2019
67
67 56
53
60
60
66
46
- 3.6%
0.0%
+ 4.8%
- 1.2%
- 9.7%
+ 4.9%
0.0%
0.0%
0.0%
+ 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
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
$149,999 and Below
55
53
- 3.6%
60
57
- 5.0%
42
44
+ 4.8%
$150,000 to $199,999
46
46
0.0%
47
46
- 2.1%
46
46
0.0%
$200,000 to $299,999
63
66
+ 4.8%
63
66
+ 4.8%
65
68
+ 4.6%
$300,000 to $499,999
83
82
- 1.2%
83
81
- 2.4%
88
92
+ 4.5%
$500,000 to $999,999
103
93
- 9.7%
103
92
- 10.7%
100
108
+ 8.0%
$1,000,000 and Above
123
129
+ 4.9%
127
132
+ 3.9%
101
102
+ 1.0%
All Price Ranges
65
65
0.0%
67
67
0.0%
53
56
+ 5.7%
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
Previously Owned
60
60
0.0%
62
61
- 1.6%
51
56
+ 9.8%
New Construction
94
94
0.0%
95
97
+ 2.1%
81
62
- 23.5%
All Property Types
65
65
0.0%
67
67
0.0%
53
56
+ 5.7%
By Construction Status
Current as of August 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 7-2018
By Property Type 7-2018
7-2019
$293,725
7-2019
$296,990 $216,500
$199,900
$225,000
$230,000
$239,900
$210,000
$155,000
+ 5.1%
+ 1.1%
Previously Owned
New Construction
+ 3.9% All Properties
All Properties By Construction Status
+ 4.3%
+ 2.3%
Single-Family
Single-Family
$158,500
Condo-Townhouse
Condo-Townhouse
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
Previously Owned
$199,900
$210,000
+ 5.1%
$214,000
$223,500
+ 4.4%
$150,000
$156,000
+ 4.0%
New Construction
$293,725
$296,990
+ 1.1%
$300,000
$301,270
+ 0.4%
$189,010
$205,813
+ 8.9%
All Construction Statuses
$216,500
$225,000
+ 3.9%
$230,000
$239,900
+ 4.3%
$155,000
$158,500
+ 2.3%
Current as of August 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 7-2018
By Construction Status
7-2019 97.2%
7-2018
96.6%
96.7% 96.6%
By Property Type 7-2018
7-2019
7-2019
98.4% 98.5%
96.2% 96.1% 95.2%
96.2%
95.5%
93.6%
95.8%
95.7%
92.8% 91.7% 91.6%
95.2%
95.5%
94.9%
- 0.9%
- 0.6%
- 0.1%
- 0.1%
+ 0.3%
- 0.1%
- 0.3%
+ 0.1%
- 0.2%
- 0.4%
$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
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
$149,999 and Below
93.6%
92.8%
- 0.9%
92.7%
91.7%
- 1.1%
95.6%
95.2%
- 0.4%
$150,000 to $199,999
97.2%
96.6%
- 0.6%
97.1%
96.5%
- 0.6%
97.4%
97.1%
- 0.3%
$200,000 to $299,999
96.7%
96.6%
- 0.1%
96.7%
96.7%
0.0%
96.7%
96.0%
- 0.7%
$300,000 to $499,999
96.2%
96.1%
- 0.1%
96.2%
96.2%
0.0%
96.2%
94.9%
- 1.4%
$500,000 to $999,999
95.2%
95.5%
+ 0.3%
95.2%
95.6%
+ 0.4%
95.2%
94.1%
- 1.2%
$1,000,000 and Above
91.7%
91.6%
- 0.1%
91.6%
91.4%
- 0.2%
92.4%
93.1%
+ 0.8%
All Price Ranges
95.7%
95.5%
- 0.2%
95.7%
95.5%
- 0.2%
96.2%
95.8%
- 0.4%
By Construction Status
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
Previously Owned
95.2%
94.9%
- 0.3%
95.1%
94.8%
- 0.3%
95.9%
95.5%
- 0.4%
New Construction
98.4%
98.5%
+ 0.1%
98.4%
98.5%
+ 0.1%
99.0%
98.7%
- 0.3%
All Property Types
95.7%
95.5%
- 0.2%
95.7%
95.5%
- 0.2%
96.2%
95.8%
- 0.4%
Current as of August 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 7-2018
By Construction Status
7-2019
7-2018
18.6% 16.8% 16.3%
16.5% 13.2%
By Property Type 7-2018
7-2019
13.7% 13.1%
15.4%
16.9%
7-2019
14.6% 14.6% 10.7%
13.9% 10.9% 11.0%
8.8%
9.8% 10.3%
4.9%
5.5%
- 11.1%
+ 5.7%
+ 0.8%
+ 4.6%
+ 13.7%
- 3.0%
- 4.8%
+ 9.5%
- 0.2%
- 17.3%
$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
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
$149,999 and Below
18.6%
16.5%
- 11.1%
20.3%
18.7%
- 8.2%
12.0%
9.4%
- 21.1%
$150,000 to $199,999
13.2%
13.9%
+ 5.7%
13.6%
14.7%
+ 8.2%
9.0%
6.0%
- 33.7%
$200,000 to $299,999
10.9%
11.0%
+ 0.8%
10.9%
11.4%
+ 4.6%
11.0%
5.9%
- 46.6%
$300,000 to $499,999
9.8%
10.3%
+ 4.6%
10.3%
10.8%
+ 4.6%
5.5%
4.9%
- 11.0%
$500,000 to $999,999
4.9%
5.5%
+ 13.7%
5.3%
5.7%
+ 7.2%
1.7%
3.8%
+ 130.8%
$1,000,000 and Above
16.8%
16.3%
- 3.0%
18.6%
18.7%
+ 0.1%
12.1%
10.5%
- 12.8%
All Price Ranges
14.0%
13.7%
- 2.2%
14.6%
14.6%
- 0.2%
10.7%
8.8%
- 17.3%
By Construction Status
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
Previously Owned
13.7%
13.1%
- 4.8%
14.4%
14.0%
- 2.8%
10.4%
8.5%
- 17.7%
New Construction
15.4%
16.9%
+ 9.5%
15.5%
17.2%
+ 11.1%
14.1%
12.4%
- 11.9%
All Property Types
14.0%
13.7%
- 2.2%
14.6%
14.6%
- 0.2%
10.7%
8.8%
- 17.3%
Current as of August 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 7-2018
By Construction Status
7-2019
7-2018
2,584
2,418
2,590
8,173 2,372
By Property Type 7-2018
7-2019
8,605
7,543
7-2019
7,802
1,867 1,437
1,365 1,412 1,041 1,020 458
1,732
514
1,630
1,300
1,371
- 23.0%
- 2.0%
- 6.4%
- 8.4%
+ 3.4%
+ 12.2%
- 7.7%
- 5.9%
- 9.3%
+ 5.5%
$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
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
$149,999 and Below
1,867
1,437
- 23.0%
1,469
1,117
- 24.0%
398
320
- 19.6%
$150,000 to $199,999
1,041
1,020
- 2.0%
810
720
- 11.1%
231
300
+ 29.9%
$200,000 to $299,999
2,584
2,418
- 6.4%
2,381
2,142
- 10.0%
203
276
+ 36.0%
$300,000 to $499,999
2,590
2,372
- 8.4%
2,343
2,127
- 9.2%
247
245
- 0.8%
$500,000 to $999,999
1,365
1,412
+ 3.4%
1,196
1,235
+ 3.3%
169
177
+ 4.7%
$1,000,000 and Above
458
514
+ 12.2%
406
461
+ 13.5%
52
53
+ 1.9%
9,905
9,173
- 7.4%
8,605
7,802
- 9.3%
1,300
1,371
+ 5.5%
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
Previously Owned
8,173
7,543
- 7.7%
6,999
6,327
- 9.6%
1,174
1,216
+ 3.6%
New Construction
1,732
1,630
- 5.9%
1,606
1,475
- 8.2%
126
155
+ 23.0%
All Property Types
9,905
9,173
- 7.4%
8,605
7,802
- 9.3%
1,300
1,371
+ 5.5%
All Price Ranges
By Construction Status
Current as of August 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 7-2018
By Construction Status
7-2019
7-2018
14.8
8.2 5.0 3.1
2.5
3.6 2.3
2.2
7-2018
14.6
3.9
By Property Type
7-2019
4.3 3.4
7-2019
4.1 3.9
3.5
3.4
3.3
7.8
4.2
3.0
- 19.4%
- 4.3%
- 16.7%
- 16.0%
- 4.9%
- 1.4%
- 13.2%
- 8.6%
- 14.6%
+ 3.0%
$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
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
$149,999 and Below
3.1
2.5
- 19.4%
3.4
2.7
- 20.6%
2.3
1.9
- 17.4%
$150,000 to $199,999
2.3
2.2
- 4.3%
2.3
2.1
- 8.7%
2.3
2.8
+ 21.7%
$200,000 to $299,999
3.6
3.0
- 16.7%
3.7
2.9
- 21.6%
3.3
4.0
+ 21.2%
$300,000 to $499,999
5.0
4.2
- 16.0%
4.9
4.1
- 16.3%
7.0
5.9
- 15.7%
$500,000 to $999,999
8.2
7.8
- 4.9%
8.0
7.4
- 7.5%
10.0
11.2
+ 12.0%
$1,000,000 and Above
14.8
14.6
- 1.4%
15.1
14.8
- 2.0%
12.5
12.5
0.0%
All Price Ranges
4.0
3.5
- 12.5%
4.1
3.5
- 14.6%
3.3
3.4
+ 3.0%
7-2018
7-2019
Change
7-2018
7-2019
Change
7-2018
7-2019
Change
Previously Owned
3.9
3.4
- 13.2%
4.1
3.4
- 15.3%
3.3
3.3
- 0.4%
New Construction
4.3
3.9
- 8.6%
4.3
3.9
- 10.8%
3.8
4.6
+ 19.4%
All Property Types
4.0
3.5
- 12.5%
4.1
3.5
- 14.6%
3.3
3.4
+ 3.0%
By Construction Status
Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 21
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside / Mandarin / Bartram
- 20.0%
- 6.6%
+ 7.5%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 01
July
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
360
288
- 20.0%
2,380
2,202
- 7.5%
256
239
- 6.6%
1,679
1,606
- 4.3%
$240,000
$258,000
+ 7.5%
$235,000
$245,000
+ 4.3%
Percent of Original List Price Received*
97.2%
96.8%
- 0.4%
96.3%
96.0%
- 0.3%
Percent of Properties Sold Over List Price*
14.1%
15.5%
+ 9.9%
14.8%
13.0%
- 12.2%
Days on Market Until Sale
45
51
+ 13.3%
55
60
+ 9.1%
Inventory of Homes for Sale
860
698
- 18.8%
--
--
--
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.
July
2018
2019
Year to Date 2,380
360 288
256
- 20.0% New Listings
2018
2,202 1,679
239
1,606
- 4.3% Closed Sales
- 7.5% New Listings
- 6.6% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside
- 6.9%
- 2.6%
+ 6.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 02
July
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
494
460
- 6.9%
3,018
3,102
+ 2.8%
348
339
- 2.6%
2,203
2,221
+ 0.8%
$204,080
$218,000
+ 6.8%
$210,000
$205,000
- 2.4%
Percent of Original List Price Received*
97.1%
96.1%
- 1.0%
96.5%
96.0%
- 0.5%
Percent of Properties Sold Over List Price*
15.5%
10.6%
- 31.6%
15.5%
12.3%
- 20.6%
Days on Market Until Sale
49
47
- 4.1%
50
56
+ 12.0%
Inventory of Homes for Sale
929
964
+ 3.8%
--
--
--
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.
July
2018
494
2019
Year to Date 3,018
460 348
- 6.9% New Listings
2018
3,102 2,221
2,203
339
+ 0.8% Closed Sales
+ 2.8% New Listings
- 2.6% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Riverside / Avondale / Ortega
- 8.8%
- 1.8%
+ 1.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 03
July
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
68
62
- 8.8%
503
549
+ 9.1%
57
56
- 1.8%
319
359
+ 12.5%
$310,000
$314,450
+ 1.4%
$291,500
$290,000
- 0.5%
Percent of Original List Price Received*
94.3%
94.0%
- 0.3%
94.6%
93.5%
- 1.2%
Percent of Properties Sold Over List Price*
8.8%
3.6%
- 59.1%
10.3%
7.8%
- 24.3%
Days on Market Until Sale
69
74
+ 7.2%
68
77
+ 13.2%
Inventory of Homes for Sale
223
236
+ 5.8%
--
--
--
Months Supply of Inventory
5.1
5.0
- 2.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
68
62
57
2019
Year to Date 503
2018
549
56
359
319
- 8.8% New Listings
+ 12.5% Closed Sales
+ 9.1% New Listings
- 1.8% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Arlington / Fort Caroline
- 2.1%
- 8.1%
+ 10.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 04
July
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
235
230
- 2.1%
1,536
1,565
+ 1.9%
185
170
- 8.1%
1,118
1,206
+ 7.9%
$195,250
$215,500
+ 10.4%
$192,500
$207,000
+ 7.5%
Percent of Original List Price Received*
97.0%
96.2%
- 0.8%
96.7%
96.2%
- 0.5%
Percent of Properties Sold Over List Price*
18.9%
17.6%
- 6.9%
19.6%
18.6%
- 5.1%
Days on Market Until Sale
45
45
0.0%
51
51
0.0%
Inventory of Homes for Sale
486
418
- 14.0%
--
--
--
Months Supply of Inventory
3.0
2.4
- 20.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
235
2019
Year to Date
230 185
- 2.1% New Listings
1,536
2018
1,565
170
1,206
1,118
+ 7.9% Closed Sales
+ 1.9% New Listings
- 8.1% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
West Jacksonville
- 4.6%
- 3.1%
+ 2.7%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 06
July
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
237
226
- 4.6%
1,296
1,348
+ 4.0%
159
154
- 3.1%
974
1,071
+ 10.0%
$183,500
$188,500
+ 2.7%
$175,000
$185,000
+ 5.7%
Percent of Original List Price Received*
97.6%
97.6%
0.0%
97.3%
97.1%
- 0.2%
Percent of Properties Sold Over List Price*
17.6%
18.8%
+ 6.8%
20.3%
18.8%
- 7.4%
Days on Market Until Sale
59
41
- 30.5%
56
59
+ 5.4%
Inventory of Homes for Sale
448
372
- 17.0%
--
--
--
Months Supply of Inventory
3.2
2.4
- 25.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
237
2019
Year to Date
226
1,296 159
- 4.6% New Listings
2018
1,348
154
1,071
974
+ 10.0% Closed Sales
+ 4.0% New Listings
- 3.1% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Fleming Island Area
- 17.6%
+ 3.2%
+ 0.7%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 12
July
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
68
56
- 17.6%
561
483
- 13.9%
63
65
+ 3.2%
376
358
- 4.8%
$290,000
$292,000
+ 0.7%
$269,900
$285,000
+ 5.6%
Percent of Original List Price Received*
96.9%
96.1%
- 0.8%
97.0%
96.9%
- 0.1%
Percent of Properties Sold Over List Price*
14.3%
9.2%
- 35.7%
11.2%
13.4%
+ 19.6%
Days on Market Until Sale
60
43
- 28.3%
53
50
- 5.7%
Inventory of Homes for Sale
197
135
- 31.5%
--
--
--
Months Supply of Inventory
3.7
2.6
- 29.7%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
68
63
56
2019
Year to Date 561
65
2018
483 376
- 17.6% New Listings
358
- 4.8% Closed Sales
- 13.9% New Listings
+ 3.2% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Orange Park
- 25.2%
- 4.7%
+ 12.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 13
July
Year to Date
2018
2019
+/–
2018
2019
New Listings
202
151
- 25.2%
1,285
1,203
- 6.4%
Closed Sales
148
141
- 4.7%
865
919
+ 6.2%
Median Sales Price*
+/–
$197,250
$222,700
+ 12.9%
$195,000
$212,108
+ 8.8%
Percent of Original List Price Received*
97.6%
96.6%
- 1.0%
97.3%
96.7%
- 0.6%
Percent of Properties Sold Over List Price*
21.6%
17.7%
- 18.1%
19.4%
18.8%
- 3.1%
Days on Market Until Sale
48
56
+ 16.7%
47
59
+ 25.5%
Inventory of Homes for Sale
437
320
- 26.8%
--
--
--
Months Supply of Inventory
3.5
2.4
- 31.4%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
2019
Year to Date 1,285
202 151
148
- 25.2% New Listings
2018
1,203 919
865
141
+ 6.2% Closed Sales
- 6.4% New Listings
- 4.7% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Middleburg Vicinity
- 19.5%
- 4.0%
+ 14.3%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 14
July
Year to Date
2018
2019
+/–
New Listings
133
107
Closed Sales
100
96
Median Sales Price*
2018
2019
+/–
- 19.5%
789
783
- 0.8%
- 4.0%
558
683
+ 22.4%
$191,995
$219,500
+ 14.3%
$194,000
$206,350
+ 6.4%
Percent of Original List Price Received*
96.8%
96.8%
0.0%
96.6%
96.4%
- 0.2%
Percent of Properties Sold Over List Price*
20.0%
16.7%
- 16.5%
20.3%
17.6%
- 13.3%
Days on Market Until Sale
49
77
+ 57.1%
48
71
+ 47.9%
Inventory of Homes for Sale
304
205
- 32.6%
--
--
--
Months Supply of Inventory
4.1
2.2
- 46.3%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
2019
Year to Date
133
789
107
100
- 19.5% New Listings
2018
783
2019
683
96
558
+ 22.4% Closed Sales
- 0.8% New Listings
- 4.0% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Green Cove Springs
+ 87.8%
+ 20.5%
+ 0.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 16
July 2018
2019
+/–
2018
2019
+/–
49
92
+ 87.8%
390
505
+ 29.5%
44
53
+ 20.5%
317
347
+ 9.5%
$227,950
$229,900
+ 0.9%
$228,500
$220,000
- 3.7%
New Listings Closed Sales Median Sales Price*
Year to Date
Percent of Original List Price Received*
96.7%
96.7%
0.0%
98.0%
96.5%
- 1.5%
Percent of Properties Sold Over List Price*
9.1%
20.8%
+ 128.6%
16.1%
14.4%
- 10.6%
Days on Market Until Sale
64
65
+ 1.6%
72
70
- 2.8%
Inventory of Homes for Sale
152
167
+ 9.9%
--
--
--
Months Supply of Inventory
3.6
3.6
0.0%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
2019
Year to Date
92
2018
2019
505
49
44
+ 87.8% New Listings
390
53
+ 9.5% Closed Sales
+ 29.5% New Listings
+ 20.5% Closed Sales
347
317
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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Jacksonville Beach
- 27.8%
- 10.0%
- 11.2%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 21
July
Year to Date
2018
2019
+/–
2018
2019
+/–
New Listings
90
65
- 27.8%
643
559
- 13.1%
Closed Sales
70
63
- 10.0%
395
367
- 7.1%
Median Sales Price*
$399,850
$355,000
- 11.2%
$385,000
$395,000
+ 2.6%
Percent of Original List Price Received*
96.4%
95.3%
- 1.1%
95.8%
94.9%
- 0.9%
Percent of Properties Sold Over List Price*
8.6%
6.3%
- 26.7%
8.4%
8.2%
- 2.4%
Days on Market Until Sale
67
68
+ 1.5%
69
71
+ 2.9%
Inventory of Homes for Sale
269
242
- 10.0%
--
--
--
Months Supply of Inventory
5.3
4.6
- 13.2%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
2019
Year to Date 643
90 70
65
- 27.8% New Listings
2018
559
63
395
367
- 7.1% Closed Sales
- 13.1% New Listings
- 10.0% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Neptune Beach
+ 50.0%
+ 11.1%
- 12.3%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 22
July 2018
2019
+/–
2018
2019
+/–
10
15
+ 50.0%
90
102
+ 13.3%
9
10
+ 11.1%
67
61
- 9.0%
$500,000
$438,500
- 12.3%
$450,000
$447,000
- 0.7% + 0.2%
New Listings Closed Sales Median Sales Price*
Year to Date
Percent of Original List Price Received*
96.8%
95.9%
- 0.9%
95.1%
95.3%
Percent of Properties Sold Over List Price*
0.0%
10.0%
--
9.0%
8.2%
- 8.9%
24
44
+ 83.3%
60
51
- 15.0%
Days on Market Until Sale Inventory of Homes for Sale
33
42
+ 27.3%
--
--
--
Months Supply of Inventory
3.5
4.7
+ 34.3%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
2019
Year to Date
15 10
9
+ 50.0% New Listings
90
10
2018
102 67
61
- 9.0% Closed Sales
+ 13.3% New Listings
+ 11.1% Closed Sales
2019
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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Atlantic Beach
- 25.0%
+ 8.0%
- 8.7%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 23
July
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
44
33
- 25.0%
240
242
+ 0.8%
25
27
+ 8.0%
173
170
- 1.7%
$469,950
$429,000
- 8.7%
$425,000
$384,500
- 9.5%
Percent of Original List Price Received*
95.2%
94.8%
- 0.4%
95.6%
96.3%
+ 0.7%
Percent of Properties Sold Over List Price*
12.0%
18.5%
+ 54.2%
13.9%
12.4%
- 10.8%
Days on Market Until Sale
139
63
- 54.7%
84
72
- 14.3%
Inventory of Homes for Sale
107
93
- 13.1%
--
--
--
Months Supply of Inventory
4.6
4.1
- 10.9%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
2019
Year to Date
44
240 33 25
- 25.0% New Listings
2018
242 173
27
170
- 1.7% Closed Sales
+ 0.8% New Listings
+ 8.0% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
North Beach / Mayport
- 73.3%
- 14.3%
- 19.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 24
July
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
15
4
- 73.3%
110
69
- 37.3%
7
6
- 14.3%
93
61
- 34.4%
$215,000
$172,500
- 19.8%
$200,000
$189,900
- 5.1%
Percent of Original List Price Received*
98.4%
94.3%
- 4.2%
98.9%
97.6%
- 1.3%
Percent of Properties Sold Over List Price*
42.9%
33.3%
- 22.4%
37.6%
27.9%
- 25.8%
55
49
- 10.9%
58
54
- 6.9%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
28
14
- 50.0%
--
--
--
Months Supply of Inventory
2.3
1.5
- 34.8%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
Year to Date
2019
15
2018
2019
110 93 69 7 4
- 73.3% New Listings
61
6
- 34.4% Closed Sales
- 37.3% New Listings
- 14.3% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
NE St. Johns County – Ponte Vedra Beach North
- 43.8%
- 26.7%
- 28.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 25
July
New Listings Closed Sales Median Sales Price*
Year to Date
2018
2019
+/–
2018
2019
+/–
32
18
- 43.8%
258
195
- 24.4%
30
22
- 26.7%
166
150
- 9.6%
$760,000
$541,000
- 28.8%
$556,950
$614,243
+ 10.3%
Percent of Original List Price Received*
94.6%
94.4%
- 0.2%
93.4%
93.3%
- 0.1%
Percent of Properties Sold Over List Price*
3.3%
13.6%
+ 312.1%
5.4%
12.0%
+ 122.2%
Days on Market Until Sale
73
110
+ 50.7%
94
118
+ 25.5%
Inventory of Homes for Sale
135
94
- 30.4%
--
--
--
Months Supply of Inventory
6.3
4.6
- 27.0%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
32
Year to Date
2019
195
22
- 43.8% New Listings
2019
258
30 18
2018
166
- 9.6% Closed Sales
- 24.4% New Listings
- 26.7% Closed Sales
150
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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley
0.0%
- 9.6%
+ 3.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 26
July
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
81
81
0.0%
792
722
- 8.8%
73
66
- 9.6%
485
455
- 6.2%
$464,240
$482,250
+ 3.9%
$460,000
$500,000
+ 8.7%
Percent of Original List Price Received*
93.9%
93.5%
- 0.4%
94.6%
93.8%
- 0.8%
Percent of Properties Sold Over List Price*
4.1%
1.5%
- 63.4%
7.0%
3.5%
- 50.0%
Days on Market Until Sale
89
91
+ 2.2%
84
97
+ 15.5%
Inventory of Homes for Sale
383
361
- 5.7%
--
--
--
Months Supply of Inventory
5.9
5.9
0.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
81
81
73
2019
Year to Date 792
66
2018
722 485
0.0% New Listings
455
- 6.2% Closed Sales
- 8.8% New Listings
- 9.6% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra / Nocatee (St. Johns County)
+ 12.9%
+ 18.1%
+ 11.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 27
July
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
101
114
+ 12.9%
685
729
+ 6.4%
83
98
+ 18.1%
462
555
+ 20.1%
$405,000
$449,983
+ 11.1%
$418,400
$435,000
+ 4.0%
Percent of Original List Price Received*
97.2%
97.3%
+ 0.1%
97.5%
97.4%
- 0.1%
Percent of Properties Sold Over List Price*
14.5%
9.2%
- 36.6%
13.4%
13.9%
+ 3.7%
Days on Market Until Sale
62
73
+ 17.7%
63
77
+ 22.2%
Inventory of Homes for Sale
245
246
+ 0.4%
--
--
--
Months Supply of Inventory
3.4
3.1
- 8.8%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
101
2019
Year to Date
114 83
+ 12.9% New Listings
555
462
+ 20.1% Closed Sales
+ 6.4% New Listings
+ 18.1% Closed Sales
2019
729
685
98
2018
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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
St. Johns County NW
+ 6.8%
+ 2.4%
+ 3.3%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 30
July
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
338
361
+ 6.8%
2,409
2,666
+ 10.7%
294
301
+ 2.4%
1,842
1,938
+ 5.2%
$324,271
$335,000
+ 3.3%
$317,995
$325,000
+ 2.2%
Percent of Original List Price Received*
97.0%
97.3%
+ 0.3%
96.7%
97.2%
+ 0.5%
Percent of Properties Sold Over List Price*
13.3%
11.3%
- 15.0%
10.9%
13.6%
+ 24.8%
Days on Market Until Sale
67
77
+ 14.9%
80
79
- 1.3%
Inventory of Homes for Sale
948
1,042
+ 9.9%
--
--
--
Months Supply of Inventory
3.7
4.0
+ 8.1%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
July
2018
338
2019
Year to Date
361 294
+ 6.8% New Listings
2,409
301
2018
2,666 1,938
1,842
+ 5.2% Closed Sales
+ 10.7% New Listings
+ 2.4% 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 August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.