Market Insight - June 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.
June 2019
Quick Facts
Quick Facts
Reserve did Asnot waschange widely the expected, target range the Federal for theReserve did not change the target range for the .25 to 2.5 percent federal funds – during rate their – currently June meeting. set at 2.25 to 2.5 percent – during their June meeting. ming well due Although to factors thesuch economy as low is still performing well due to factors such Change in as low Change in uncertaintyunemployment remains regarding and solid traderetail tensions, sales, uncertainty remains regarding tensions, Closed Sales trade Median Sales Price siness investments. slowed manufacturing and meek business investments.
- 8.5%
+ 2.6%
- 4.7% - 8.5% Change inChange in Inventory Closed Sales
+ 2.6%
- 4.7%
Change in Median Sales Price
Change in Inventory
Market Overview 2 All data provided by the Northeast Florida Multiple Listing Service.
region decreased New Listings 11.1 percent in the Northeast to 3,467.Florida region decreased 11.1 percent to 3,467. Market Overview to 2,966. Inventory Pending levels Sales were fell 4.7 uppercent 10.8 percent to to 2,966. Inventory levels fell 4.7 percent to New Listings 9,226 units. Pending Sales e Median Sales Price increased 2.6 percent Prices continued to gain traction.to The Median SalesClosed Price increased 2.6 percent to Sales 6 percent to 63 days.Days Sellers encouraged $241,000. onwere Market was up 8.6 percent to 63 days. Sellers were encouraged DaystoOn Until Sale down 10.3 percent to 3.5 months. as Months Supply of Inventory was down 10.3 percent 3.5Market months. Median Sales Price buyer and In seller terms interests, of relative residential balancereal between estatebuyer and seller interests, residential Average Sales Price real estate orming well markets within anacross economic expansion the country are that performing well within an economic expansion that Percent of Original List Received ry in July. However, there signs in ofU.S. a slowing will become theare longest history in July. However, there are signs ofPrice a slowing
iders 2.0 percent a healthy inflation rate, but the economy. The Federal Reserve considers 2.0 percent a healthy inflation rate, the Percent of Properties Sold but Over List Price at this year.U.S. The is Fed has received pressure expected to remain belowfrom that this year. The Fed has received pressure from Housing Affordability Index to spur further economic and the the White Houseactivity, to cut rates in order to spur further economic activity, and the of Homes for of Sale is definitely in play following string of in 2019 is definitely inInventory possibility of a rateareduction play following a string increases over the last several years. Months Supply of Inventory Housing Supply Overview Report
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 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 July 8, 2019. All data from Northeast Florida Multiple Listing Current Service. as of July 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 6-2016
6-2017
6-2018
6-2016
6-2017
6-2018
6-2019
6-2016
6-2017
6-2018
6-2019
Closed Sales Days on Market Until Sale 6-2017
6-2018
6-2016
6-2017
6-2018
6-2019
6-2016
6-2017
6-2018
6-2019
Average Sales Price
Percent of Properties Sold Over List Price
6-2016
6-2017
6-2018
YTD 2018 YTD 2019
+/-
3,900
3,467
- 11.1%
21,625
22,061
+ 2.0%
2,676
2,966
+ 10.8%
15,964
17,002
+ 6.5%
3,093
2,829
- 8.5%
14,979
15,463
+ 3.2%
58
63
+ 8.6%
66
69
+ 4.5%
$235,000
$241,000
+ 2.6%
$222,500
$228,000
+ 2.5%
$280,806
$295,386
+ 5.2%
$267,313
$272,149
+ 1.8%
96.3%
96.3%
0.0%
95.9%
95.6%
- 0.3%
14.5%
13.7%
- 5.5%
14.6%
14.1%
- 3.4%
129
131
+ 1.6%
137
138
+ 0.7%
9,676
9,226
- 4.7%
--
--
--
3.9
3.5
- 10.3%
--
--
--
6-2019
6-2016
6-2017
6-2018
6-2019
6-2016
6-2017
6-2018
6-2019
Housing Affordability Index Inventory of Homes for Sale Months Supply of Homes for Sale
+/-
6-2019
Median Sales Price
Percent of Original List Price Received
6-2019
6-2019
Pending Sales
6-2016
6-2018
6-2016
6-2017
6-2018
6-2019
6-2016
6-2017
6-2018
6-2019
Current as of July 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.
June
Year To Date 3,900 3,467
3,434
2017
+13.6%
-11.1%
2018
2019
21,625
20,018
2017
Prior Year
Month
22,061
+8.0%
+2.0%
2018
2019
Current Year
+/–
July 2018
3,240
3,834
+18.3%
August 2018
3,658
3,766
+3.0%
September 2018
2,287
3,182
+39.1%
October 2018
3,007
3,436
+14.3%
November 2018
2,597
2,928
+12.7%
December 2018
2,100
2,061
-1.9%
January 2019
2,964
3,299
+11.3%
February 2019
3,226
3,382
+4.8%
March 2019
3,880
3,957
+2.0%
April 2019
3,839
3,972
+3.5%
May 2019
3,816
3,984
+4.4%
June 2019
3,900
3,467
-11.1%
12-Month Avg
3,210
3,439
+7.2%
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 July 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.
June
Year To Date
2,764
2,966
2,676
2017
-3.2%
+10.8%
2018
2019
15,964
15,492
2017
Prior Year
Month
17,002
+3.0%
+6.5%
2018
2019
Current Year
+/–
July 2018
2,685
2,819
+5.0%
August 2018
2,580
2,684
+4.0%
September 2018
1,911
2,351
+23.0%
October 2018
2,347
2,493
+6.2%
November 2018
2,177
2,134
-2.0%
December 2018
1,957
1,870
-4.4%
January 2019
2,069
2,220
+7.3%
February 2019
2,346
2,485
+5.9%
March 2019
2,917
3,020
+3.5%
April 2019
2,997
3,186
+6.3%
May 2019
2,959
3,125
+5.6%
June 2019
2,676
2,966
+10.8%
12-Month Avg
2,468
2,613
+5.8%
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 July 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.
June
Year To Date 3,093
3,027
2017
2,829
+2.2%
-8.5%
2018
2019
14,979
14,711
2017
Prior Year
Month
15,463
+1.8%
+3.2%
2018
2019
Current Year
+/–
July 2018
2,644
2,780
+5.1%
August 2018
2,832
2,897
+2.3%
September 2018
2,013
2,327
+15.6%
October 2018
2,329
2,538
+9.0%
November 2018
2,239
2,389
+6.7%
December 2018
2,633
2,351
-10.7%
January 2019
1,638
1,714
+4.6%
February 2019
1,935
2,088
+7.9%
March 2019
2,633
2,584
-1.9%
April 2019
2,714
2,987
+10.1%
May 2019
2,966
3,261
+9.9%
June 2019
3,093
2,829
-8.5%
12-Month Avg
2,472
2,562
+4.2%
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 July 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.
June
Year To Date 66 58
2017
76
63
-12.1%
+8.6%
2018
2019
69
66
2017
Prior Year
Current Year
+/–
July 2018
67
60
-10.4%
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%
12-Month Avg
66
65
-0.9%
Month
-13.2%
+4.5%
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 July 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.
June
Year To Date
$222,500
$228,000
$199,945
$241,000
$235,000 $211,214
2017
+11.3%
+2.6%
2018
2019
2017
Prior Year
Month
+11.3%
+2.5%
2018
2019
Current Year
+/–
July 2018
$215,000
$230,000
+7.0%
August 2018
$205,000
$220,000
+7.3%
September 2018
$208,850
$216,010
+3.4%
October 2018
$204,825
$212,000
+3.5%
November 2018
$208,000
$220,000
+5.8%
December 2018
$211,960
$226,000
+6.6%
January 2019
$203,990
$207,000
+1.5%
February 2019
$217,950
$223,500
+2.5%
March 2019
$225,000
$230,000
+2.2%
April 2019
$220,000
$225,000
+2.3%
May 2019
$225,000
$233,000
+3.6%
June 2019
$235,000
$241,000
+2.6%
12-Month Med
$215,000
$225,000
+4.7%
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 July 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.
June
Year To Date
$280,806
$267,313
$295,386
$272,149
$242,758
$255,383
2017
+ 10.0%
+ 5.2%
2018
2019
2017
Prior Year
Month
+ 10.1%
+ 1.8%
2018
2019
Current Year
+/–
July 2018
$254,211
$274,386
+7.9%
August 2018
$247,080
$264,445
+7.0%
September 2018
$248,831
$256,422
+3.1%
October 2018
$251,264
$263,712
+5.0%
November 2018
$250,357
$261,201
+4.3%
December 2018
$258,636
$267,496
+3.4%
January 2019
$243,531
$242,145
-0.6%
February 2019
$256,654
$255,345
-0.5%
March 2019
$267,205
$268,601
+0.5%
April 2019
$268,755
$277,448
+3.2%
May 2019
$272,144
$276,476
+1.6%
June 2019
$280,806
$295,386
+5.2%
12-Month Avg
$259,652
$268,532
+3.4%
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 July 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.
June
Year To Date
95.9%
2017
96.3%
96.3%
+0.4%
0.0%
2018
2019
95.9%
95.4%
2017
Prior Year
Month
95.6%
+0.5%
-0.3%
2018
2019
Current Year
+/–
July 2018
95.6%
96.1%
+0.5%
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%
95.1%
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%
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 July 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.
June
Year To Date
14.8%
2017
14.5%
-2.0%
-5.5%
2018
2019
14.6%
14.5%
13.7%
2017
Prior Year
Month
14.1%
+0.7%
-3.4%
2018
2019
Current Year
+/–
July 2018
14.7%
14.4%
-2.0%
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%
12.8%
+8.5%
January 2019
13.0%
11.8%
-9.2%
February 2019
11.3%
12.9%
+14.2%
March 2019
15.4%
15.5%
+0.6%
April 2019
15.5%
14.4%
-7.1%
May 2019
16.2%
15.1%
-6.8%
June 2019
14.5%
13.7%
-5.5%
12-Month Avg
14.0%
13.7%
-2.0%
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 July 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.
June
Year To Date 163
154
2017
-16.2%
+1.6%
2018
2019
138
137
131
129
2017
Prior Year
Current Year
+/–
July 2018
152
131
-13.8%
August 2018
159
137
-13.8%
September 2018
157
139
-11.5%
October 2018
159
139
-12.6%
November 2018
156
136
-12.8%
December 2018
153
136
-11.1%
January 2019
156
149
-4.5%
February 2019
144
138
-4.2%
March 2019
138
136
-1.4%
April 2019
139
140
+0.7%
May 2019
136
135
-0.7%
June 2019
129
131
+1.6%
12-Month Avg
148
137
-7.0%
Month
-16.0%
+0.7%
2018
2019
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 July 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.
June
Prior Year
Month
9,676
9,312
2017
9,226
+3.9%
-4.7%
2018
2019
Current Year
+/–
July 2018
9,168
9,897
+8.0%
August 2018
9,393
10,088
+7.4%
September 2018
9,059
10,091
+11.4%
October 2018
8,944
10,109
+13.0%
November 2018
8,671
10,068
+16.1%
December 2018
7,994
9,278
+16.1%
January 2019
8,225
9,505
+15.6%
February 2019
8,514
9,632
+13.1%
March 2019
8,849
9,738
+10.0%
April 2019
9,036
9,737
+7.8%
May 2019
9,213
9,633
+4.6%
June 2019
9,676
9,226
-4.7%
12-Month Avg
8,895
9,750
+9.9%
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 July 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.
June
Prior Year
Current Year
+/–
July 2018
3.8
4.0
+5.3%
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
3.7
+8.8%
February 2019
3.5
3.8
+8.6%
Month
3.9
3.9
2017
3.5
0.0%
-10.3%
2018
2019
March 2019
3.6
3.8
+5.6%
April 2019
3.7
3.8
+2.7%
May 2019
3.7
3.7
0.0%
June 2019
3.9
3.5
-10.3%
12-Month Avg
3.7
3.8
+4.6%
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 July 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.
June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
Quick Facts + 16.3%
+ 6.3%
+ 5.9%
Price Range With Strongest Sales:
Construction Status With Strongest Sales:
Property Type With Strongest Sales:
$1,000,000 and Above
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 July 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 6-2018
By Construction Status
6-2019
6-2018
24,804
9,576
By Property Type 6-2018
6-2019
26,358
24,997
6-2019
26,464
8,413 7,419
7,005 6,037
5,456 5,507
6,685
1,935 2,160
4,817 361
4,995
4,889
4,624
420
- 5.6%
+ 0.9%
+ 13.8%
+ 10.7%
+ 11.6%
+ 16.3%
+ 6.3%
+ 3.7%
+ 5.9%
+ 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
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
$149,999 and Below
7,419
7,005
- 5.6%
5,338
4,993
- 6.5%
2,081
2,012
- 3.3%
$150,000 to $199,999
5,456
5,507
+ 0.9%
4,289
4,173
- 2.7%
1,167
1,334
+ 14.3%
$200,000 to $299,999
8,413
9,576
+ 13.8%
7,686
8,772
+ 14.1%
727
804
+ 10.6%
$300,000 to $499,999
6,037
6,685
+ 10.7%
5,630
6,197
+ 10.1%
407
488
+ 19.9%
$500,000 to $999,999
1,935
2,160
+ 11.6%
1,745
1,959
+ 12.3%
190
201
+ 5.8%
$1,000,000 and Above
361
420
+ 16.3%
309
370
+ 19.7%
52
50
- 3.8%
All Price Ranges
29,621
31,353
+ 5.8%
24,997
26,464
+ 5.9%
4,624
4,889
+ 5.7%
By Construction Status
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
Previously Owned
24,804
26,358
+ 6.3%
20,582
21,887
+ 6.3%
4,222
4,471
+ 5.9%
New Construction
4,817
4,995
+ 3.7%
4,415
4,577
+ 3.7%
402
418
+ 4.0%
All Property Types
29,621
31,353
+ 5.8%
24,997
26,464
+ 5.9%
4,624
4,889
+ 5.7%
Current as of July 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 6-2018
By Construction Status
6-2019
6-2018
124 103 84 56
53
64 47
94
94
94
130
61
82
By Property Type
6-2019
6-2018
6-2019
68
67 55
60
55
66
46
- 5.4%
- 2.1%
+ 3.1%
- 2.4%
- 8.7%
+ 4.8%
- 1.6%
0.0%
- 1.5%
0.0%
$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
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
$149,999 and Below
56
53
- 5.4%
62
57
- 8.1%
43
43
0.0%
$150,000 to $199,999
47
46
- 2.1%
47
46
- 2.1%
47
45
- 4.3%
$200,000 to $299,999
64
66
+ 3.1%
64
66
+ 3.1%
68
67
- 1.5%
$300,000 to $499,999
84
82
- 2.4%
83
81
- 2.4%
91
91
0.0%
$500,000 to $999,999
103
94
- 8.7%
103
93
- 9.7%
102
107
+ 4.9%
$1,000,000 and Above
124
130
+ 4.8%
129
132
+ 2.3%
97
117
+ 20.6%
All Price Ranges
66
65
- 1.5%
68
67
- 1.5%
55
55
0.0%
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
Previously Owned
61
60
- 1.6%
62
61
- 1.6%
52
55
+ 5.8%
New Construction
94
94
0.0%
95
97
+ 2.1%
85
59
- 30.6%
All Property Types
66
65
- 1.5%
68
67
- 1.5%
55
55
0.0%
By Construction Status
Current as of July 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 6-2018
By Property Type 6-2018
6-2019
$290,585
6-2019
$298,000 $215,000
$198,500
$225,000
$229,000
$239,000
$210,000
$154,245
+ 5.8%
+ 2.6%
Previously Owned
New Construction
+ 4.7% All Properties
All Properties By Construction Status
+ 4.4%
+ 1.8%
Single-Family
Single-Family
$157,000
Condo-Townhouse
Condo-Townhouse
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
Previously Owned
$198,500
$210,000
+ 5.8%
$210,900
$221,000
+ 4.8%
$149,000
$155,000
+ 4.0%
New Construction
$290,585
$298,000
+ 2.6%
$299,990
$302,700
+ 0.9%
$184,990
$192,490
+ 4.1%
All Construction Statuses
$215,000
$225,000
+ 4.7%
$229,000
$239,000
+ 4.4%
$154,245
$157,000
+ 1.8%
Current as of July 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 6-2018
By Construction Status
6-2019 97.1%
6-2018 96.7%
96.7% 96.6%
6-2018
6-2019
98.4% 98.6%
96.2% 96.1% 95.1%
93.5%
By Property Type
6-2019
96.2%
95.5%
95.8%
92.9% 92.0% 91.3%
95.6%
95.2% 95.0%
95.5%
- 0.6%
- 0.4%
- 0.1%
- 0.1%
+ 0.4%
- 0.8%
- 0.2%
+ 0.2%
- 0.1%
- 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
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
$149,999 and Below
93.5%
92.9%
- 0.6%
92.7%
91.8%
- 1.0%
95.7%
95.2%
- 0.5%
$150,000 to $199,999
97.1%
96.7%
- 0.4%
97.1%
96.5%
- 0.6%
97.3%
97.1%
- 0.2%
$200,000 to $299,999
96.7%
96.6%
- 0.1%
96.7%
96.7%
0.0%
96.6%
96.1%
- 0.5%
$300,000 to $499,999
96.2%
96.1%
- 0.1%
96.2%
96.2%
0.0%
96.4%
95.1%
- 1.3%
$500,000 to $999,999
95.1%
95.5%
+ 0.4%
95.1%
95.6%
+ 0.5%
95.2%
94.1%
- 1.2%
$1,000,000 and Above
92.0%
91.3%
- 0.8%
91.9%
91.2%
- 0.8%
92.7%
92.3%
- 0.4%
All Price Ranges
95.7%
95.5%
- 0.2%
95.6%
95.5%
- 0.1%
96.2%
95.8%
- 0.4%
By Construction Status
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
Previously Owned
95.2%
95.0%
- 0.2%
95.0%
94.8%
- 0.2%
95.9%
95.5%
- 0.4%
New Construction
98.4%
98.6%
+ 0.2%
98.3%
98.5%
+ 0.2%
99.1%
98.8%
- 0.3%
All Property Types
95.7%
95.5%
- 0.2%
95.6%
95.5%
- 0.1%
96.2%
95.8%
- 0.4%
Current as of July 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 6-2018
By Construction Status
6-2019
6-2018
By Property Type 6-2018
6-2019
17.4%
18.4% 16.9%
16.7% 13.3%
16.1%
13.9% 10.7% 11.2%
13.8% 13.0%
6-2019
14.6% 14.6%
15.1% 10.7% 8.9%
9.8% 10.4% 5.5% 5.1%
- 9.2%
+ 4.6%
+ 4.6%
+ 5.9%
- 7.0%
- 4.5%
- 5.5%
+ 15.0%
- 0.0%
- 16.3%
$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
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
$149,999 and Below
18.4%
16.7%
- 9.2%
20.2%
19.0%
- 6.1%
11.4%
9.3%
- 18.7%
$150,000 to $199,999
13.3%
13.9%
+ 4.6%
13.7%
14.6%
+ 6.7%
9.1%
6.5%
- 28.6%
$200,000 to $299,999
10.7%
11.2%
+ 4.6%
10.6%
11.5%
+ 8.5%
11.8%
6.9%
- 41.8%
$300,000 to $499,999
9.8%
10.4%
+ 5.9%
10.4%
10.9%
+ 4.3%
4.6%
5.8%
+ 25.2%
$500,000 to $999,999
5.5%
5.1%
- 7.0%
6.1%
5.2%
- 14.9%
1.6%
4.2%
+ 166.7%
$1,000,000 and Above
16.9%
16.1%
- 4.5%
18.7%
18.6%
- 0.4%
12.3%
10.2%
- 16.6%
All Price Ranges
14.0%
13.7%
- 2.0%
14.6%
14.6%
- 0.0%
10.7%
8.9%
- 16.3%
By Construction Status
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
Previously Owned
13.8%
13.0%
- 5.5%
14.5%
14.0%
- 3.8%
10.2%
8.6%
- 16.0%
New Construction
15.1%
17.4%
+ 15.0%
15.1%
17.7%
+ 17.4%
15.0%
13.1%
- 13.0%
All Property Types
14.0%
13.7%
- 2.0%
14.6%
14.6%
- 0.0%
10.7%
8.9%
- 16.3%
Current as of July 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 6-2018
By Construction Status
6-2019
6-2018
2,531 2,446
2,591
8,046
2,424
By Property Type 6-2018
6-2019
8,391
7,680
6-2019
7,800
1,753 1,374
1,352 979
1,470
1,000 470
1,630
512
1,546
1,285
1,426
- 21.6%
+ 2.1%
- 3.4%
- 6.4%
+ 8.7%
+ 8.9%
- 4.5%
- 5.2%
- 7.0%
+ 11.0%
$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
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
$149,999 and Below
1,753
1,374
- 21.6%
1,385
1,019
- 26.4%
368
355
- 3.5%
$150,000 to $199,999
979
1,000
+ 2.1%
747
706
- 5.5%
232
294
+ 26.7%
$200,000 to $299,999
2,531
2,446
- 3.4%
2,304
2,156
- 6.4%
227
290
+ 27.8%
$300,000 to $499,999
2,591
2,424
- 6.4%
2,347
2,178
- 7.2%
244
246
+ 0.8%
$500,000 to $999,999
1,352
1,470
+ 8.7%
1,189
1,284
+ 8.0%
163
186
+ 14.1%
$1,000,000 and Above
470
512
+ 8.9%
419
457
+ 9.1%
51
55
+ 7.8%
9,676
9,226
- 4.7%
8,391
7,800
- 7.0%
1,285
1,426
+ 11.0%
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
Previously Owned
8,046
7,680
- 4.5%
6,877
6,420
- 6.6%
1,169
1,260
+ 7.8%
New Construction
1,630
1,546
- 5.2%
1,514
1,380
- 8.9%
116
166
+ 43.1%
All Property Types
9,676
9,226
- 4.7%
8,391
7,800
- 7.0%
1,285
1,426
+ 11.0%
All Price Ranges
By Construction Status
Current as of July 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 6-2018
By Construction Status
6-2019
6-2018
15.6
By Property Type 6-2018
6-2019
4.0
4.1
14.6
3.9 8.4 5.2 2.8
2.4
3.6 2.2
2.2
3.1
6-2019
3.5
3.5
3.3
3.7
8.2
3.5
4.4
- 14.3%
0.0%
- 13.9%
- 15.4%
- 2.4%
- 6.4%
- 10.2%
- 8.5%
- 12.5%
+ 6.1%
$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
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
$149,999 and Below
2.8
2.4
- 14.3%
3.1
2.4
- 22.6%
2.1
2.1
0.0%
$150,000 to $199,999
2.2
2.2
0.0%
2.1
2.0
- 4.8%
2.4
2.6
+ 8.3%
$200,000 to $299,999
3.6
3.1
- 13.9%
3.6
2.9
- 19.4%
3.7
4.3
+ 16.2%
$300,000 to $499,999
5.2
4.4
- 15.4%
5.0
4.2
- 16.0%
7.2
6.0
- 16.7%
$500,000 to $999,999
8.4
8.2
- 2.4%
8.2
7.9
- 3.7%
10.3
11.1
+ 7.8%
$1,000,000 and Above
15.6
14.6
- 6.4%
16.3
14.8
- 9.2%
11.8
13.2
+ 11.9%
All Price Ranges
3.9
3.5
- 10.3%
4.0
3.5
- 12.5%
3.3
3.5
+ 6.1%
6-2018
6-2019
Change
6-2018
6-2019
Change
6-2018
6-2019
Change
3.9
3.5
- 10.2%
4.0
3.5
- 12.2%
3.3
3.4
+ 1.8%
New Construction
4.1
3.7
- 8.5%
4.1
3.6
- 12.1%
3.5
4.8
+ 37.6%
All Property Types
3.9
3.5
- 10.3%
4.0
3.5
- 12.5%
3.3
3.5
+ 6.1%
By Construction Status Previously Owned
Current as of July 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 21
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside / Mandarin / Bartram
- 19.1%
- 10.1%
- 2.0%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 01
June
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
372
301
- 19.1%
2,020
1,913
- 5.3%
287
258
- 10.1%
1,423
1,358
- 4.6%
$240,000
$235,250
- 2.0%
$235,000
$240,000
+ 2.1%
Percent of Original List Price Received*
96.7%
96.6%
- 0.1%
96.1%
95.8%
- 0.3%
Percent of Properties Sold Over List Price*
17.8%
13.2%
- 25.8%
15.0%
12.5%
- 16.7%
Days on Market Until Sale
52
49
- 5.8%
57
61
+ 7.0%
Inventory of Homes for Sale
827
754
- 8.8%
--
--
--
Months Supply of Inventory
3.5
3.2
- 8.6%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
Year to Date
2019
372 301
287
- 19.1% New Listings
2,020 258
2018
1,913 1,423
1,358
- 4.6% Closed Sales
- 5.3% New Listings
- 10.1% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside
+ 3.4%
- 13.4%
- 1.6%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 02
June
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
438
453
+ 3.4%
2,524
2,635
+ 4.4%
366
317
- 13.4%
1,855
1,864
+ 0.5%
$219,000
$215,500
- 1.6%
$210,000
$205,000
- 2.4%
Percent of Original List Price Received*
96.7%
97.1%
+ 0.4%
96.4%
96.0%
- 0.4%
Percent of Properties Sold Over List Price*
14.2%
14.2%
0.0%
15.5%
12.7%
- 18.1%
Days on Market Until Sale
43
48
+ 11.6%
50
57
+ 14.0%
Inventory of Homes for Sale
893
950
+ 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.
June
2018
438
Year to Date
2019
453 366
+ 3.4% New Listings
2,524
2018
2,635
317
1,864
1,855
+ 0.5% Closed Sales
+ 4.4% New Listings
- 13.4% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Riverside / Avondale / Ortega
- 23.9%
+ 30.2%
- 10.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 03
June
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
71
54
- 23.9%
435
486
+ 11.7%
43
56
+ 30.2%
262
301
+ 14.9%
$355,000
$316,250
- 10.9%
$285,000
$285,000
0.0%
Percent of Original List Price Received*
95.1%
93.4%
- 1.8%
94.6%
93.4%
- 1.3%
Percent of Properties Sold Over List Price*
14.0%
10.7%
- 23.6%
10.7%
8.6%
- 19.6%
Days on Market Until Sale
52
71
+ 36.5%
68
78
+ 14.7%
Inventory of Homes for Sale
220
233
+ 5.9%
--
--
--
Months Supply of Inventory
5.1
4.9
- 3.9%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
Year to Date
2019
71 435
56
54
2018
486
43
- 23.9% New Listings
301
262
+ 14.9% Closed Sales
+ 11.7% New Listings
+ 30.2% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Arlington / Fort Caroline
- 13.8%
- 10.2%
+ 7.6%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 04
June
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
254
219
- 13.8%
1,301
1,330
+ 2.2%
187
168
- 10.2%
932
1,025
+ 10.0%
$199,500
$214,600
+ 7.6%
$192,000
$205,000
+ 6.8%
Percent of Original List Price Received*
96.5%
96.9%
+ 0.4%
96.6%
96.2%
- 0.4%
Percent of Properties Sold Over List Price*
15.6%
14.3%
- 8.3%
19.8%
18.8%
- 5.1%
Days on Market Until Sale
48
40
- 16.7%
52
52
0.0%
Inventory of Homes for Sale
461
407
- 11.7%
--
--
--
Months Supply of Inventory
2.8
2.4
- 14.3%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
254
Year to Date
2019
1,301 219
187
- 13.8% New Listings
2018
1,330 1,025
932
168
+ 10.0% Closed Sales
+ 2.2% New Listings
- 10.2% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
West Jacksonville
- 20.1%
+ 7.1%
+ 5.6%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 06
June
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
219
175
- 20.1%
1,058
1,120
+ 5.9%
154
165
+ 7.1%
815
901
+ 10.6%
$179,900
$190,000
+ 5.6%
$173,000
$184,900
+ 6.9%
Percent of Original List Price Received*
97.7%
97.3%
- 0.4%
97.3%
97.0%
- 0.3%
Percent of Properties Sold Over List Price*
18.8%
15.2%
- 19.1%
20.9%
18.8%
- 10.0%
Days on Market Until Sale
43
59
+ 37.2%
56
63
+ 12.5%
Inventory of Homes for Sale
395
343
- 13.2%
--
--
--
Months Supply of Inventory
2.9
2.2
- 24.1%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
Year to Date
2019
1,058
219 175
154
- 20.1% New Listings
2018
1,120 901
815
165
+ 10.6% Closed Sales
+ 5.9% New Listings
+ 7.1% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Fleming Island Area
- 30.2%
- 42.2%
+ 11.2%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 12
June
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
106
74
- 30.2%
493
426
- 13.6%
90
52
- 42.2%
313
289
- 7.7%
$266,250
$296,200
+ 11.2%
$265,000
$281,000
+ 6.0%
Percent of Original List Price Received*
96.9%
98.0%
+ 1.1%
97.0%
97.0%
0.0%
Percent of Properties Sold Over List Price*
11.1%
5.8%
- 47.7%
10.5%
14.2%
+ 35.2%
Days on Market Until Sale
41
41
0.0%
52
51
- 1.9%
Inventory of Homes for Sale
209
148
- 29.2%
--
--
--
Months Supply of Inventory
4.1
2.9
- 29.3%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
Year to Date
2019
106
493
90 74
2018
426 313
52
- 30.2% New Listings
289
- 7.7% Closed Sales
- 13.6% New Listings
- 42.2% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Orange Park
- 1.0%
- 21.6%
+ 14.5%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 13
June 2018
2019
New Listings
209
Closed Sales
167
Median Sales Price*
Year to Date +/–
2018
2019
+/–
207
- 1.0%
1,083
1,048
- 3.2%
131
- 21.6%
717
768
+ 7.1%
$200,000
$229,000
+ 14.5%
$195,000
$210,700
+ 8.1%
Percent of Original List Price Received*
97.9%
97.0%
- 0.9%
97.3%
96.7%
- 0.6%
Percent of Properties Sold Over List Price*
24.6%
19.8%
- 19.5%
19.0%
19.0%
0.0%
Days on Market Until Sale
44
60
+ 36.4%
47
60
+ 27.7%
Inventory of Homes for Sale
406
362
- 10.8%
--
--
--
Months Supply of Inventory
3.2
2.7
- 15.6%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
209
Year to Date
2019
1,083
207
2018
1,048
167
768
717
131
- 1.0% New Listings
+ 7.1% Closed Sales
- 3.2% New Listings
- 21.6% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Middleburg Vicinity
- 21.3%
- 7.9%
- 4.3%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 14
June
Year to Date
2018
2019
+/–
New Listings
136
107
Closed Sales
101
93
Median Sales Price*
2018
2019
+/–
- 21.3%
656
676
+ 3.0%
- 7.9%
458
581
+ 26.9%
$211,000
$202,000
- 4.3%
$194,500
$203,500
+ 4.6%
Percent of Original List Price Received*
97.4%
97.2%
- 0.2%
96.5%
96.4%
- 0.1%
Percent of Properties Sold Over List Price*
19.8%
17.2%
- 13.1%
20.3%
17.9%
- 11.8%
Days on Market Until Sale
49
53
+ 8.2%
48
70
+ 45.8%
Inventory of Homes for Sale
285
227
- 20.4%
--
--
--
Months Supply of Inventory
3.8
2.4
- 36.8%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
Year to Date
2019
136
656 107
101
- 21.3% New Listings
2018
676
2019
581
93
458
+ 26.9% Closed Sales
+ 3.0% New Listings
- 7.9% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Green Cove Springs
+ 35.8%
+ 8.7%
- 6.5%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 16
June
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
53
72
+ 35.8%
341
411
+ 20.5%
46
50
+ 8.7%
273
286
+ 4.8%
$239,450
$224,000
- 6.5%
$228,500
$219,950
- 3.7%
Percent of Original List Price Received*
98.8%
96.7%
- 2.1%
98.2%
96.4%
- 1.8%
Percent of Properties Sold Over List Price*
26.1%
12.0%
- 54.0%
17.2%
12.9%
- 25.0%
Days on Market Until Sale
44
63
+ 43.2%
73
72
- 1.4%
Inventory of Homes for Sale
140
147
+ 5.0%
--
--
--
Months Supply of Inventory
3.1
3.3
+ 6.5%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
Year to Date
2019
2018
2019
411
72 341
53
46
+ 35.8% New Listings
50
286
273
+ 4.8% Closed Sales
+ 20.5% New Listings
+ 8.7% Closed Sales
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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Jacksonville Beach
- 10.8%
- 8.1%
+ 7.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 21
June
Year to Date
2018
2019
+/–
2018
2019
+/–
New Listings
102
91
- 10.8%
553
493
- 10.8%
Closed Sales
74
68
- 8.1%
325
300
- 7.7%
Median Sales Price*
$392,500
$420,250
+ 7.1%
$385,000
$399,700
+ 3.8%
Percent of Original List Price Received*
95.1%
96.5%
+ 1.5%
95.7%
94.8%
- 0.9%
Percent of Properties Sold Over List Price*
5.4%
11.8%
+ 118.5%
8.3%
8.7%
+ 4.8%
Days on Market Until Sale
83
68
- 18.1%
69
72
+ 4.3%
Inventory of Homes for Sale
257
257
0.0%
--
--
--
Months Supply of Inventory
4.9
5.0
+ 2.0%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
Year to Date
2019
553
102
91 74
- 10.8% New Listings
2018
493
68
325
300
- 7.7% Closed Sales
- 10.8% New Listings
- 8.1% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Neptune Beach
0.0%
0.0%
- 3.7%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 22
June
New Listings Closed Sales Median Sales Price*
Year to Date
2018
2019
+/–
2018
2019
+/–
13
13
0.0%
80
87
+ 8.7%
12
12
0.0%
58
50
- 13.8%
$482,500
$464,500
- 3.7%
$442,400
$442,500
+ 0.0%
Percent of Original List Price Received*
94.4%
99.4%
+ 5.3%
94.8%
95.4%
+ 0.6%
Percent of Properties Sold Over List Price*
0.0%
33.3%
--
10.3%
8.0%
- 22.3%
63
35
- 44.4%
66
51
- 22.7%
Days on Market Until Sale Inventory of Homes for Sale
34
43
+ 26.5%
--
--
--
Months Supply of Inventory
3.6
5.0
+ 38.9%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
13
13
12
Year to Date
2019
12
80
2018
87 58
0.0% New Listings
50
- 13.8% Closed Sales
+ 8.7% New Listings
0.0% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Atlantic Beach
0.0%
+ 13.6%
- 9.6%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 23
June
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
32
32
0.0%
196
209
+ 6.6%
22
25
+ 13.6%
148
142
- 4.1%
$442,500
$400,000
- 9.6%
$413,000
$377,750
- 8.5%
Percent of Original List Price Received*
98.2%
97.2%
- 1.0%
95.7%
96.7%
+ 1.0%
Percent of Properties Sold Over List Price*
18.2%
8.0%
- 56.0%
14.2%
11.3%
- 20.4%
23
71
+ 208.7%
75
75
0.0%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
91
92
+ 1.1%
--
--
--
Months Supply of Inventory
3.8
4.1
+ 7.9%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
32
Year to Date
2019
32 22
0.0% New Listings
196
25
2018
209 148
142
- 4.1% Closed Sales
+ 6.6% New Listings
+ 13.6% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
North Beach / Mayport
0.0%
- 42.9%
- 17.3%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 24
June
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
13
13
0.0%
95
65
- 31.6%
14
8
- 42.9%
86
55
- 36.0%
$199,500
$165,000
- 17.3%
$199,450
$189,900
- 4.8%
Percent of Original List Price Received*
98.4%
109.5%
+ 11.3%
99.0%
97.9%
- 1.1%
Percent of Properties Sold Over List Price*
28.6%
12.5%
- 56.3%
37.2%
27.3%
- 26.6%
54
74
+ 37.0%
58
55
- 5.2%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
23
15
- 34.8%
--
--
--
Months Supply of Inventory
1.9
1.6
- 15.8%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
13
Year to Date
2019
95
14
13
2018
86 65
55
8
0.0% New Listings
- 36.0% Closed Sales
- 31.6% New Listings
- 42.9% Closed Sales
2019
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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
NE St. Johns County – Ponte Vedra Beach North
- 22.2%
- 7.4%
+ 69.7%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 25
June
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
36
28
- 22.2%
226
176
- 22.1%
27
25
- 7.4%
136
126
- 7.4%
$445,000
$755,000
+ 69.7%
$488,000
$638,050
+ 30.7%
Percent of Original List Price Received*
94.5%
93.3%
- 1.3%
93.1%
93.0%
- 0.1%
Percent of Properties Sold Over List Price*
3.7%
4.0%
+ 8.1%
5.9%
11.9%
+ 101.7%
Days on Market Until Sale
79
116
+ 46.8%
98
121
+ 23.5%
Inventory of Homes for Sale
145
102
- 29.7%
--
--
--
Months Supply of Inventory
7.3
4.7
- 35.6%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
Year to Date
2019
2018
2019
226
36 28
27
- 22.2% New Listings
176
25
136
- 7.4% Closed Sales
- 22.1% New Listings
- 7.4% Closed Sales
126
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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley
- 26.0%
- 4.3%
+ 27.5%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 26
June
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
123
91
- 26.0%
711
641
- 9.8%
93
89
- 4.3%
412
386
- 6.3%
$500,000
$637,500
+ 27.5%
$460,000
$500,000
+ 8.7%
Percent of Original List Price Received*
94.8%
93.1%
- 1.8%
94.7%
93.9%
- 0.8%
Percent of Properties Sold Over List Price*
6.5%
2.2%
- 66.2%
7.5%
3.9%
- 48.0%
Days on Market Until Sale
70
101
+ 44.3%
83
99
+ 19.3%
Inventory of Homes for Sale
415
383
- 7.7%
--
--
--
Months Supply of Inventory
6.5
6.2
- 4.6%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
Year to Date
2019
711
123 93
91
- 26.0% New Listings
2018
641
89
412
386
- 6.3% Closed Sales
- 9.8% New Listings
- 4.3% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra / Nocatee (St. Johns County)
- 10.9%
+ 8.5%
+ 6.3%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 27
June
New Listings Closed Sales Median Sales Price*
Year to Date
2018
2019
+/–
2018
2019
+/–
110
98
- 10.9%
583
615
+ 5.5%
94
102
+ 8.5%
379
440
+ 16.1%
$431,117
$458,268
+ 6.3%
$424,000
$430,000
+ 1.4%
Percent of Original List Price Received*
97.8%
97.8%
0.0%
97.6%
97.2%
- 0.4%
Percent of Properties Sold Over List Price*
9.6%
12.7%
+ 32.3%
13.2%
14.5%
+ 9.8%
Days on Market Until Sale
63
83
+ 31.7%
63
79
+ 25.4%
Inventory of Homes for Sale
247
226
- 8.5%
--
--
--
Months Supply of Inventory
3.5
2.9
- 17.1%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
110
98
94
Year to Date
2019
102
2018
615
583
440
379
- 10.9% New Listings
+ 16.1% Closed Sales
+ 5.5% New Listings
+ 8.5% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – June 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
St. Johns County NW
- 0.5%
- 1.2%
+ 2.7%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 30
June
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
370
368
- 0.5%
2,071
2,295
+ 10.8%
342
338
- 1.2%
1,548
1,600
+ 3.4%
$320,000
$328,500
+ 2.7%
$316,000
$325,000
+ 2.8%
Percent of Original List Price Received*
97.0%
97.2%
+ 0.2%
96.7%
97.2%
+ 0.5%
Percent of Properties Sold Over List Price*
11.4%
11.8%
+ 3.5%
10.4%
14.0%
+ 34.6%
Days on Market Until Sale
71
79
+ 11.3%
82
79
- 3.7%
Inventory of Homes for Sale
990
1,047
+ 5.8%
--
--
--
Months Supply of Inventory
4.0
4.1
+ 2.5%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
June
2018
370
368
342
Year to Date
2019
338
2,071
2018
2,295 1,600
1,548
- 0.5% New Listings
+ 3.4% Closed Sales
+ 10.8% New Listings
- 1.2% 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 July 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.