Market Insight - September 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.
September 2019
Quick Facts
Quick Facts
weather cooling, With the thekids housing back market in school begins and the its weather cooling, the housing market begins its buyer and annual seller activity cooldown remained as well. strong, Nationally, buyer and seller activity remained strong, strong economy. buoyed The by low market mortgage fundamentals rates and a strong economy. The market fundamentals Change in Change in recent trends, suggest otherno than significant the seasonally changes from recent trends, other thanSales the seasonally Closed Median Sales Price ear. As we tempered move into pace the final we three see this months time of of year. As we move into the final three months of oming on the 2019, market, buyers butwill also find less fewer competition homes coming on the market, but also less competition for those homes. Market Overview
+ 7.0%
+ 8.3%
- 11.9% + 7.0% Change inChange in Inventory Closed Sales
+ 8.3%
- 11.9%
Change in Median Sales Price
Change in Inventory
Market Overview 2 All data provided by the Northeast Florida Multiple Listing Service.
2
New Listings region decreased New Listings 7.0 percent in the Northeast to 2,963. Florida region decreased 7.0 percent to 2,963. Pending o 2,396. Inventory 11.9 to to 2,396. Inventory Pendinglevels Salesfell were uppercent 1.8 percent levelsSales fell 11.9 percent to 8,920 units. Closed Sales
New Listings 3
3
Pending Sales 4
4
Closed Sales 5
5
Market Until Sale to e Median Sales Price increased 8.3 percent Prices continued to gain traction.to The Median SalesDays PriceOn increased 8.3 percent 1 percent to 67 days.Days Sellers encouraged $235,000. onwere Market was up 3.1 percent to 67 days. Sellers were encouraged Median Sales Price down 15.0 percent to 3.4 months. as Months Supply of Inventory was down 15.0 percent to 3.4 months. Average Sales Price
Days On Market 6 Until Sale
6
Median Sales 7 Price
7
Average Sales 8 Price
8
Percent of Original List Price Received around a broad overhaul of the are housing financearound a broad In Washington there discussions overhaul of the housing finance of Fannie Mae andincluding Freddie Mac and reforms to of Fannie MaePercent system, the re-privatization and Freddie Mac and reforms of Properties Sold Overto List Price ing substantial portions of the mortgages made federal agencies involved with financing substantial portions of the mortgages made Housing Affordability Index versations every and eventual changes will policy take conversations and eventual changes will take year. Many of these Inventory of clear. Homes for Sale and their impact is not yet clear. months or years to beWhile implemented and their impact is not yet While g to adorn homes around the country, real to adorn homes Halloween decorations are the beginning around the country, the real Months Supply of Inventory om scary. estate market this fall is looking far from scary. Housing Supply Overview Report
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 October 8, 2019. All data from Northeast Florida Multiple Current ListingasService. of October 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 9-2016
9-2017
9-2018
9-2016
9-2017
9-2018
9-2019
9-2016
9-2017
9-2018
9-2019
Closed Sales Days on Market Until Sale 9-2017
9-2018
9-2016
9-2017
9-2018
9-2019
9-2016
9-2017
9-2018
9-2019
Average Sales Price
Percent of Properties Sold Over List Price
9-2016
9-2017
9-2018
YTD 2018 YTD 2019
+/-
3,185
2,963
- 7.0%
32,427
32,359
- 0.2%
2,353
2,396
+ 1.8%
23,811
25,247
+ 6.0%
2,336
2,500
+ 7.0%
23,001
24,211
+ 5.3%
65
67
+ 3.1%
64
67
+ 4.7%
$216,990
$235,000
+ 8.3%
$223,000
$232,000
+ 4.0%
$256,916
$272,154
+ 5.9%
$266,737
$275,668
+ 3.3%
95.6%
95.5%
- 0.1%
95.8%
95.7%
- 0.1%
13.5%
12.7%
- 5.9%
14.3%
13.9%
- 2.8%
138
137
- 0.7%
135
139
+ 3.0%
10,123
8,920
- 11.9%
--
--
--
4.0
3.4
- 15.0%
--
--
--
9-2019
9-2016
9-2017
9-2018
9-2019
9-2016
9-2017
9-2018
9-2019
Housing Affordability Index Inventory of Homes for Sale Months Supply of Homes for Sale
+/-
9-2019
Median Sales Price
Percent of Original List Price Received
9-2019
9-2019
Pending Sales
9-2016
9-2018
9-2016
9-2017
9-2018
9-2019
9-2016
9-2017
9-2018
9-2019
Current as of October 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.
September
Year To Date 3,185
2,963
29,203
32,427
32,359
2,287
2017
+39.3%
-7.0%
2018
2019
2017
+11.0%
-0.2%
2018
2019
Month
Prior Year
Current Year
+/–
October 2018
3,007
3,440
+14.4%
November 2018
2,598
2,934
+12.9%
December 2018
2,100
2,068
-1.5%
January 2019
2,964
3,313
+11.8%
February 2019
3,226
3,390
+5.1%
March 2019
3,881
3,966
+2.2%
April 2019
3,842
3,992
+3.9%
May 2019
3,818
4,028
+5.5%
June 2019
3,901
3,530
-9.5%
July 2019
3,837
3,636
-5.2%
August 2019
3,773
3,541
-6.1%
September 2019
3,185
2,963
-7.0%
12-Month Avg
3,344
3,400
+1.7%
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 October 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.
September
Year To Date
2,396
2,353
22,667
25,247
23,811
1,911
2017
+23.1%
+1.8%
2018
2019
2017
+5.0%
+6.0%
2018
2019
Month
Prior Year
Current Year
+/–
October 2018
2,347
2,496
+6.3%
November 2018
2,178
2,137
-1.9%
December 2018
1,957
1,870
-4.4%
January 2019
2,069
2,225
+7.5%
February 2019
2,346
2,481
+5.8%
March 2019
2,917
3,003
+2.9%
April 2019
2,999
3,184
+6.2%
May 2019
2,963
3,142
+6.0%
June 2019
2,671
2,973
+11.3%
July 2019
2,816
3,000
+6.5%
August 2019
2,677
2,843
+6.2%
September 2019
2,353
2,396
+1.8%
12-Month Avg
2,524
2,646
+4.8%
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 October 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.
September
Year To Date 2,500
2,336
22,200
2,013
2017
+16.0%
+7.0%
2018
2019
2017
24,211
23,001
+3.6%
+5.3%
2018
2019
Month
Prior Year
Current Year
+/–
October 2018
2,329
2,546
+9.3%
November 2018
2,239
2,393
+6.9%
December 2018
2,633
2,361
-10.3%
January 2019
1,638
1,723
+5.2%
February 2019
1,935
2,107
+8.9%
March 2019
2,633
2,602
-1.2%
April 2019
2,715
3,009
+10.8%
May 2019
2,966
3,323
+12.0%
June 2019
3,094
2,997
-3.1%
July 2019
2,781
2,994
+7.7%
August 2019
2,903
2,956
+1.8%
September 2019
2,336
2,500
+7.0%
12-Month Avg
2,517
2,626
+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 October 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.
September 66
Year To Date
2017
72
67
65
-1.5%
+3.1%
2018
2019
67
64
2017
Prior Year
Current Year
+/–
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
64
+6.7%
August 2019
60
62
+3.3%
September 2019
65
67
+3.1%
12-Month Avg
65
66
+1.9%
Month
-11.1%
+4.7%
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 October 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.
September
Year To Date $235,000
$216,990
$208,850
2017
$223,000
$232,000
$203,000
+3.9%
+8.3%
2018
2019
2017
Prior Year
Current Year
+/–
October 2018
$204,825
$212,500
+3.7%
November 2018
$208,000
$220,000
+5.8%
December 2018
$211,960
$226,800
+7.0%
January 2019
$203,990
$207,000
+1.5%
February 2019
$217,950
$224,000
+2.8%
March 2019
$225,000
$230,000
+2.2%
April 2019
$220,000
$225,000
+2.3%
May 2019
$225,000
$232,000
+3.1%
June 2019
$235,000
$242,000
+3.0%
July 2019
$230,000
$241,725
+5.1%
August 2019
$220,000
$240,000
+9.1%
September 2019
$216,990
$235,000
+8.3%
12-Month Med
$219,775
$229,900
+4.6%
Month
+9.9%
+4.0%
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 October 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.
September
Year To Date $256,916
$248,831
2017
$272,154
$266,737
$275,668
$245,225
+ 3.2%
+ 5.9%
2018
2019
2017
Prior Year
Current Year
+/–
October 2018
$251,264
$263,982
+5.1%
November 2018
$250,357
$261,249
+4.4%
December 2018
$258,636
$267,466
+3.4%
January 2019
$243,531
$242,565
-0.4%
February 2019
$256,654
$255,960
-0.3%
March 2019
$267,205
$268,675
+0.6%
April 2019
$268,753
$277,450
+3.2%
May 2019
$272,144
$275,251
+1.1%
June 2019
$280,792
$296,954
+5.8%
July 2019
$274,402
$282,282
+2.9%
August 2019
$264,330
$288,491
+9.1%
September 2019
$256,916
$272,154
+5.9%
12-Month Avg
$263,623
$273,015
+3.6%
Month
+ 8.8%
+ 3.3%
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 October 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.
September 95.7%
2017
Year To Date 95.6%
95.5%
-0.1%
-0.1%
2018
2019
95.8%
95.5%
2017
95.7%
+0.3%
-0.1%
2018
2019
Month
Prior Year
Current Year
+/–
October 2018
95.5%
95.3%
-0.2%
November 2018
95.4%
95.1%
-0.3%
December 2018
95.2%
94.7%
-0.5%
January 2019
95.4%
94.5%
-0.9%
February 2019
95.1%
95.1%
0.0%
March 2019
96.0%
95.5%
-0.5%
April 2019
95.8%
95.5%
-0.3%
May 2019
96.3%
96.2%
-0.1%
June 2019
96.3%
96.3%
0.0%
July 2019
96.1%
95.9%
-0.2%
August 2019
95.6%
96.1%
+0.5%
September 2019
95.6%
95.5%
-0.1%
12-Month Avg
95.7%
95.6%
-0.1%
Historical Percent of Original List Price Received 100% 98% 96% 94% 92% 90% 88% 86% 84% 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of October 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.
September 13.7%
2017
Year To Date 14.3%
13.5%
14.3%
13.9%
12.7%
-1.5%
-5.9%
2018
2019
2017
0.0%
-2.8%
2018
2019
Month
Prior Year
Current Year
+/–
October 2018
13.0%
12.6%
-3.1%
November 2018
13.8%
13.4%
-2.9%
December 2018
11.8%
12.7%
+7.6%
January 2019
13.0%
11.8%
-9.2%
February 2019
11.3%
12.9%
+14.2%
March 2019
15.4%
15.4%
0.0%
April 2019
15.5%
14.4%
-7.1%
May 2019
16.2%
15.0%
-7.4%
June 2019
14.5%
14.1%
-2.8%
July 2019
14.4%
13.7%
-4.9%
August 2019
13.3%
14.1%
+6.0%
September 2019
13.5%
12.7%
-5.9%
12-Month Avg
13.9%
13.7%
-1.7%
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 October 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.
September
Year To Date 161
157 138
2017
137
-12.1%
-0.7%
2018
2019
Prior Year
Current Year
+/–
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
136
0.0%
June 2019
129
130
+0.8%
July 2019
131
133
+1.5%
August 2019
137
137
0.0%
September 2019
138
137
-0.7%
12-Month Avg
143
137
-3.8%
Month
135
139
-16.1%
+3.0%
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 October 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.
September
10,123
9,060
2017
8,920
+11.7
-11.9%
2018
2019
Month
Prior Year
Current Year
+/–
October 2018
8,945
10,144
+13.4%
November 2018
8,672
10,107
+16.5%
December 2018
7,995
9,324
+16.6%
January 2019
8,226
9,574
+16.4%
February 2019
8,515
9,752
+14.5%
March 2019
8,851
9,934
+12.2%
April 2019
9,039
10,018
+10.8%
May 2019
9,215
10,027
+8.8%
June 2019
9,684
9,825
+1.5%
July 2019
9,912
9,634
-2.8%
August 2019
10,118
9,401
-7.1%
September 2019
10,123
8,920
-11.9%
12-Month Avg
9,108
9,722
+7.4%
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 October 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.
September
Prior Year
Current Year
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%
Month
4.0
3.8
3.4
2017
+5.3%
-15.0%
2018
2019
+/–
March 2019
3.6
3.9
+8.3%
April 2019
3.7
3.9
+5.4%
May 2019
3.7
3.9
+5.4%
June 2019
3.9
3.8
-2.6%
July 2019
4.0
3.7
-7.5%
August 2019
4.1
3.6
-12.2%
September 2019
4.0
3.4
-15.0%
12-Month Avg
3.7
3.8
+1.7%
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 October 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.
September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
Quick Facts + 14.3%
+ 5.4%
+ 5.2%
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 October 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 9-2018
By Construction Status
9-2019
9-2018
25,359
9,955
By Property Type 9-2018
9-2019
26,716
25,531
9-2019
26,848
8,712 7,297
6,643
6,350
5,441 5,599
6,919
2,094 2,223
4,934 399
5,034
4,902
4,762
411
- 9.0%
+ 2.9%
+ 14.3%
+ 9.0%
+ 6.2%
+ 3.0%
+ 5.4%
+ 2.0%
+ 5.2%
+ 2.9%
$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
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
$149,999 and Below
7,297
6,643
- 9.0%
5,222
4,746
- 9.1%
2,075
1,897
- 8.6%
$150,000 to $199,999
5,441
5,599
+ 2.9%
4,203
4,242
+ 0.9%
1,238
1,357
+ 9.6%
$200,000 to $299,999
8,712
9,955
+ 14.3%
7,972
9,069
+ 13.8%
740
886
+ 19.7%
$300,000 to $499,999
6,350
6,919
+ 9.0%
5,905
6,396
+ 8.3%
445
523
+ 17.5%
$500,000 to $999,999
2,094
2,223
+ 6.2%
1,883
2,040
+ 8.3%
211
183
- 13.3%
$1,000,000 and Above
399
411
+ 3.0%
346
355
+ 2.6%
53
56
+ 5.7%
All Price Ranges
30,293
31,750
+ 4.8%
25,531
26,848
+ 5.2%
4,762
4,902
+ 2.9%
By Construction Status
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
Previously Owned
25,359
26,716
+ 5.4%
20,974
22,225
+ 6.0%
4,385
4,491
+ 2.4%
New Construction
4,934
5,034
+ 2.0%
4,557
4,623
+ 1.4%
377
411
+ 9.0%
All Property Types
30,293
31,750
+ 4.8%
25,531
26,848
+ 5.2%
4,762
4,902
+ 2.9%
Current as of October 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 9-2018
By Construction Status
9-2019
9-2018
128 100 83 54
54
63 45
81
95
121
93
By Property Type
9-2019
59
95
9-2018
9-2019
67
67
57
53
60
66
47
0.0%
+ 4.4%
+ 4.8%
- 2.4%
- 7.0%
- 5.5%
+ 1.7%
0.0%
0.0%
+ 7.5%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
$149,999 and Below
54
54
0.0%
59
57
- 3.4%
41
46
+ 12.2%
$150,000 to $199,999
45
47
+ 4.4%
46
47
+ 2.2%
42
47
+ 11.9%
$200,000 to $299,999
63
66
+ 4.8%
63
66
+ 4.8%
66
68
+ 3.0%
$300,000 to $499,999
83
81
- 2.4%
82
81
- 1.2%
91
89
- 2.2%
$500,000 to $999,999
100
93
- 7.0%
100
91
- 9.0%
99
114
+ 15.2%
$1,000,000 and Above
128
121
- 5.5%
132
125
- 5.3%
101
96
- 5.0%
All Price Ranges
65
66
+ 1.5%
67
67
0.0%
53
57
+ 7.5%
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
Previously Owned
59
60
+ 1.7%
61
61
0.0%
51
56
+ 9.8%
New Construction
95
95
0.0%
96
97
+ 1.0%
77
69
- 10.4%
All Property Types
65
66
+ 1.5%
67
67
0.0%
53
57
+ 7.5%
By Construction Status
Current as of October 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 9-2018
By Property Type 9-2018
9-2019
$295,990
9-2019
$296,881 $219,775
$200,000
$229,900
$232,005
$242,500
$214,900
$156,000
+ 7.5%
+ 0.3%
Previously Owned
New Construction
+ 4.6% All Properties
All Properties By Construction Status
+ 4.5%
+ 2.6%
Single-Family
Single-Family
$160,000
Condo-Townhouse
Condo-Townhouse
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
Previously Owned
$200,000
$214,900
+ 7.5%
$215,000
$226,000
+ 5.1%
$151,500
$157,950
+ 4.3%
New Construction
$295,990
$296,881
+ 0.3%
$301,086
$301,225
+ 0.0%
$195,990
$221,990
+ 13.3%
All Construction Statuses
$219,775
$229,900
+ 4.6%
$232,005
$242,500
+ 4.5%
$156,000
$160,000
+ 2.6%
Current as of October 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 9-2018
By Construction Status
9-2019
9-2018
97.2% 96.5%
96.7% 96.7%
96.2% 96.2% 95.3%
By Property Type 9-2018
9-2019
9-2019
98.4% 98.6%
95.6%
96.2%
93.5%
95.6%
92.7% 91.6% 91.7%
95.2% 95.0%
95.7% 95.5%
- 0.9%
- 0.7%
0.0%
0.0%
+ 0.3%
+ 0.1%
- 0.2%
+ 0.2%
- 0.1%
- 0.5%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
$149,999 and Below
93.5%
92.7%
- 0.9%
92.6%
91.6%
- 1.1%
95.6%
95.1%
- 0.5%
$150,000 to $199,999
97.2%
96.5%
- 0.7%
97.1%
96.3%
- 0.8%
97.4%
97.1%
- 0.3%
$200,000 to $299,999
96.7%
96.7%
0.0%
96.7%
96.8%
+ 0.1%
96.8%
95.9%
- 0.9%
$300,000 to $499,999
96.2%
96.2%
0.0%
96.2%
96.3%
+ 0.1%
96.0%
94.9%
- 1.1%
$500,000 to $999,999
95.3%
95.6%
+ 0.3%
95.3%
95.7%
+ 0.4%
95.2%
94.3%
- 0.9%
$1,000,000 and Above
91.6%
91.7%
+ 0.1%
91.4%
91.6%
+ 0.2%
92.4%
92.6%
+ 0.2%
All Price Ranges
95.7%
95.6%
- 0.1%
95.6%
95.5%
- 0.1%
96.2%
95.7%
- 0.5%
By Construction Status
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
Previously Owned
95.2%
95.0%
- 0.2%
95.1%
94.9%
- 0.2%
95.9%
95.5%
- 0.4%
New Construction
98.4%
98.6%
+ 0.2%
98.3%
98.6%
+ 0.3%
99.1%
98.1%
- 1.0%
All Property Types
95.7%
95.6%
- 0.1%
95.6%
95.5%
- 0.1%
96.2%
95.7%
- 0.5%
Current as of October 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 9-2018
By Construction Status
9-2019
9-2018
By Property Type 9-2018
9-2019
17.3%
18.8% 16.9%
16.4% 13.3%
16.1%
14.0% 10.9% 11.2%
9.4%
13.7% 13.0%
9-2019
14.6% 14.6%
15.1% 10.4% 8.7%
10.7%
5.7% 4.1%
- 12.6%
+ 5.2%
+ 3.1%
+ 13.6%
+ 37.9%
- 4.4%
- 5.2%
+ 14.7%
+ 0.1%
- 16.5%
$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
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
$149,999 and Below
18.8%
16.4%
- 12.6%
20.7%
18.4%
- 11.1%
11.6%
9.7%
- 16.0%
$150,000 to $199,999
13.3%
14.0%
+ 5.2%
13.8%
14.8%
+ 7.2%
8.2%
5.7%
- 30.0%
$200,000 to $299,999
10.9%
11.2%
+ 3.1%
10.9%
11.7%
+ 6.8%
10.0%
5.4%
- 46.7%
$300,000 to $499,999
9.4%
10.7%
+ 13.6%
9.9%
11.3%
+ 14.3%
5.1%
3.5%
- 31.8%
$500,000 to $999,999
4.1%
5.7%
+ 37.9%
4.5%
6.0%
+ 33.3%
1.7%
3.5%
+ 110.5%
$1,000,000 and Above
16.9%
16.1%
- 4.4%
18.8%
18.4%
- 2.2%
11.9%
10.7%
- 10.2%
All Price Ranges
13.9%
13.7%
- 1.7%
14.6%
14.6%
+ 0.1%
10.4%
8.7%
- 16.5%
By Construction Status
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
Previously Owned
13.7%
13.0%
- 5.2%
14.5%
13.9%
- 4.1%
10.0%
8.6%
- 13.4%
New Construction
15.1%
17.3%
+ 14.7%
15.1%
18.0%
+ 19.3%
15.4%
9.5%
- 38.0%
All Property Types
13.9%
13.7%
- 1.7%
14.6%
14.6%
+ 0.1%
10.4%
8.7%
- 16.5%
Current as of October 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 9-2018
By Construction Status
9-2019
9-2018
2,719 2,422
8,253
2,600 2,194
By Property Type 9-2018
9-2019
9-2019
8,724
7,334
7,584
1,969 1,483
1,305 1,289
1,096 1,032
434
1,870
500
1,586
1,399
1,336
- 24.7%
- 5.8%
- 10.9%
- 15.6%
- 1.2%
+ 15.2%
- 11.1%
- 15.2%
- 13.1%
- 4.5%
$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
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
$149,999 and Below
1,969
1,483
- 24.7%
1,545
1,165
- 24.6%
424
318
- 25.0%
$150,000 to $199,999
1,096
1,032
- 5.8%
830
729
- 12.2%
266
303
+ 13.9%
$200,000 to $299,999
2,719
2,422
- 10.9%
2,491
2,151
- 13.6%
228
271
+ 18.9%
$300,000 to $499,999
2,600
2,194
- 15.6%
2,338
1,969
- 15.8%
262
225
- 14.1%
$500,000 to $999,999
1,305
1,289
- 1.2%
1,134
1,108
- 2.3%
171
181
+ 5.8%
$1,000,000 and Above
434
500
+ 15.2%
386
462
+ 19.7%
48
38
- 20.8%
All Price Ranges
10,123
8,920
- 11.9%
8,724
7,584
- 13.1%
1,399
1,336
- 4.5%
By Construction Status
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
8,253
7,334
- 11.1%
7,003
6,138
- 12.4%
1,250
1,196
- 4.3%
New Construction
1,870
1,586
- 15.2%
1,721
1,446
- 16.0%
149
140
- 6.0%
All Property Types
10,123
8,920
- 11.9%
8,724
7,584
- 13.1%
1,399
1,336
- 4.5%
Previously Owned
Current as of October 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 9-2018
By Construction Status
9-2019
9-2018
9-2018
7.5
3.2
2.7
3.7 2.4
2.2
4.9 2.9
3.9
3.8
3.3
9-2019
4.1
4.5
14.6 13.1
By Property Type
9-2019
3.5
3.4
3.3
7.0
3.8
- 15.6%
- 8.3%
- 21.6%
- 22.4%
- 6.7%
+ 11.5%
- 15.6%
- 16.9%
- 17.1%
- 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
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
$149,999 and Below
3.2
2.7
- 15.6%
3.6
2.9
- 19.4%
2.5
2.0
- 20.0%
$150,000 to $199,999
2.4
2.2
- 8.3%
2.4
2.1
- 12.5%
2.6
2.7
+ 3.8%
$200,000 to $299,999
3.7
2.9
- 21.6%
3.7
2.8
- 24.3%
3.7
3.7
0.0%
$300,000 to $499,999
4.9
3.8
- 22.4%
4.8
3.7
- 22.9%
7.1
5.2
- 26.8%
$500,000 to $999,999
7.5
7.0
- 6.7%
7.2
6.5
- 9.7%
9.7
11.9
+ 22.7%
$1,000,000 and Above
13.1
14.6
+ 11.5%
13.4
15.6
+ 16.4%
10.9
8.1
- 25.7%
All Price Ranges
4.0
3.4
- 15.0%
4.1
3.4
- 17.1%
3.5
3.3
- 5.7%
9-2018
9-2019
Change
9-2018
9-2019
Change
9-2018
9-2019
Change
Previously Owned
3.9
3.3
- 15.6%
4.0
3.3
- 17.3%
3.4
3.2
- 6.6%
New Construction
4.5
3.8
- 16.9%
4.5
3.8
- 17.2%
4.7
4.1
- 13.8%
All Property Types
4.0
3.4
- 15.0%
4.1
3.4
- 17.1%
3.5
3.3
- 5.7%
By Construction Status
Current as of October 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 21
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside / Mandarin / Bartram
- 13.9%
+ 19.3%
+ 2.6%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 01
September
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
280
241
- 13.9%
3,014
2,749
- 8.8%
202
241
+ 19.3%
2,146
2,121
- 1.2%
$233,250
$239,400
+ 2.6%
$235,000
$242,725
+ 3.3%
Percent of Original List Price Received*
95.4%
95.1%
- 0.3%
96.2%
95.9%
- 0.3%
Percent of Properties Sold Over List Price*
10.9%
10.8%
- 0.9%
14.3%
13.2%
- 7.7%
Days on Market Until Sale
59
60
+ 1.7%
54
59
+ 9.3%
Inventory of Homes for Sale
859
664
- 22.7%
--
--
--
Months Supply of Inventory
3.7
2.9
- 21.6%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September 280
2018
241
202
- 13.9% New Listings
2019
Year to Date 3,014
241
2018
2,749 2,146
2,121
- 1.2% Closed Sales
- 8.8% New Listings
+ 19.3% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside
- 9.1%
- 2.2%
+ 19.5%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 02
September
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
397
361
- 9.1%
3,834
3,886
+ 1.4%
318
311
- 2.2%
2,859
2,883
+ 0.8%
$188,250
$225,000
+ 19.5%
$207,950
$210,000
+ 1.0%
Percent of Original List Price Received*
95.9%
96.5%
+ 0.6%
96.5%
96.1%
- 0.4%
Percent of Properties Sold Over List Price*
11.3%
11.6%
+ 2.7%
14.8%
12.3%
- 16.9%
Days on Market Until Sale
43
55
+ 27.9%
48
55
+ 14.6%
Inventory of Homes for Sale
937
937
0.0%
--
--
--
Months Supply of Inventory
3.0
2.9
- 3.3%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September 397
2018
2019
Year to Date 3,834
361
318
- 9.1% New Listings
2018
3,886
311
2,883
2,859
+ 0.8% Closed Sales
+ 1.4% New Listings
- 2.2% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Riverside / Avondale / Ortega
- 12.2%
+ 8.8%
- 13.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 03
September
New Listings Closed Sales Median Sales Price*
Year to Date
2018
2019
+/–
2018
2019
+/–
74
65
- 12.2%
649
675
+ 4.0%
34
37
+ 8.8%
410
450
+ 9.8%
$313,750
$270,000
- 13.9%
$289,950
$289,000
- 0.3%
Percent of Original List Price Received*
92.3%
92.8%
+ 0.5%
94.1%
93.5%
- 0.6%
Percent of Properties Sold Over List Price*
8.8%
10.8%
+ 22.7%
9.5%
8.4%
- 11.6%
Days on Market Until Sale
63
79
+ 25.4%
67
76
+ 13.4%
Inventory of Homes for Sale
236
220
- 6.8%
--
--
--
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.
September 74
2018
2019
Year to Date
65
649 34
- 12.2% New Listings
2018
675 450
410
37
+ 9.8% Closed Sales
+ 4.0% New Listings
+ 8.8% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Arlington / Fort Caroline
- 6.7%
+ 12.6%
+ 2.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 04
September
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
210
196
- 6.7%
1,991
1,985
- 0.3%
151
170
+ 12.6%
1,466
1,592
+ 8.6%
$195,000
$199,000
+ 2.1%
$193,500
$207,500
+ 7.2%
Percent of Original List Price Received*
97.4%
96.5%
- 0.9%
96.7%
96.3%
- 0.4%
Percent of Properties Sold Over List Price*
17.9%
14.1%
- 21.2%
18.7%
18.4%
- 1.6%
Days on Market Until Sale
41
50
+ 22.0%
49
50
+ 2.0%
Inventory of Homes for Sale
540
389
- 28.0%
--
--
--
Months Supply of Inventory
3.3
2.2
- 33.3%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September 210
2018
196 151
- 6.7% New Listings
2019
Year to Date 1,991
170
2018
1,985 1,592
1,466
+ 8.6% Closed Sales
- 0.3% New Listings
+ 12.6% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Arlington / Fort Caroline
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
West Jacksonville
- 5.9%
+ 22.0%
+ 13.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 06
September
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
170
160
- 5.9%
1,674
1,737
+ 3.8%
132
161
+ 22.0%
1,296
1,417
+ 9.3%
$170,500
$194,000
+ 13.8%
$174,000
$186,000
+ 6.9%
Percent of Original List Price Received*
97.2%
97.1%
- 0.1%
97.3%
97.0%
- 0.3%
Percent of Properties Sold Over List Price*
16.7%
15.5%
- 7.2%
19.1%
17.7%
- 7.3%
Days on Market Until Sale
51
51
0.0%
54
58
+ 7.4%
Inventory of Homes for Sale
449
376
- 16.3%
--
--
--
Months Supply of Inventory
3.1
2.4
- 22.6%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September 170
2018
2019
Year to Date
161
160
1,674
132
- 5.9% New Listings
2018
1,737 1,417
1,296
+ 9.3% Closed Sales
+ 3.8% New Listings
+ 22.0% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Fleming Island Area
- 1.6%
+ 9.3%
+ 9.7%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 12
September
New Listings Closed Sales Median Sales Price*
Year to Date
2018
2019
+/–
2018
2019
+/–
63
62
- 1.6%
686
608
- 11.4%
43
47
+ 9.3%
473
471
- 0.4%
$275,000
$301,608
+ 9.7%
$270,000
$290,000
+ 7.4%
Percent of Original List Price Received*
95.5%
96.6%
+ 1.2%
96.7%
96.5%
- 0.2%
Percent of Properties Sold Over List Price*
9.3%
15.2%
+ 63.4%
11.2%
12.3%
+ 9.8%
Days on Market Until Sale
47
53
+ 12.8%
53
54
+ 1.9%
Inventory of Homes for Sale
195
126
- 35.4%
--
--
--
Months Supply of Inventory
3.7
2.4
- 35.1%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September 63
2018
2019
Year to Date
62
686 43
- 1.6% New Listings
47
2018
608 473
471
- 0.4% Closed Sales
- 11.4% New Listings
+ 9.3% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Orange Park
- 12.2%
- 8.9%
+ 21.5%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 13
September
Year to Date
2018
2019
+/–
2018
2019
New Listings
147
129
- 12.2%
1,670
1,508
- 9.7%
Closed Sales
123
112
- 8.9%
1,144
1,191
+ 4.1%
Median Sales Price*
+/–
$185,000
$224,750
+ 21.5%
$195,000
$214,500
+ 10.0%
Percent of Original List Price Received*
96.2%
96.6%
+ 0.4%
97.1%
96.8%
- 0.3%
Percent of Properties Sold Over List Price*
17.9%
19.6%
+ 9.5%
18.7%
19.3%
+ 3.2%
Days on Market Until Sale
40
51
+ 27.5%
46
56
+ 21.7%
Inventory of Homes for Sale
444
306
- 31.1%
--
--
--
Months Supply of Inventory
3.5
2.3
- 34.3%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September 147
2018
2019
Year to Date 1,670
129
123
- 12.2% New Listings
2018
1,508
112
1,191
1,144
+ 4.1% Closed Sales
- 9.7% New Listings
- 8.9% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Middleburg Vicinity
+ 6.7%
- 11.0%
- 1.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 14
September 2018
2019
New Listings
90
Closed Sales
82
Median Sales Price*
Year to Date +/–
2018
2019
+/–
96
+ 6.7%
997
990
- 0.7%
73
- 11.0%
734
867
+ 18.1%
$207,955
$204,000
- 1.9%
$194,950
$207,710
+ 6.5%
Percent of Original List Price Received*
98.0%
95.5%
- 2.6%
96.5%
96.5%
0.0%
Percent of Properties Sold Over List Price*
19.5%
20.5%
+ 5.1%
19.3%
17.7%
- 8.3%
Days on Market Until Sale
45
70
+ 55.6%
49
69
+ 40.8%
Inventory of Homes for Sale
302
217
- 28.1%
--
--
--
Months Supply of Inventory
3.8
2.3
- 39.5%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September
2018
Year to Date 997
96
90
2019
82
+ 6.7% New Listings
2018
990
867
734
73
+ 18.1% Closed Sales
- 0.7% New Listings
- 11.0% Closed Sales
2019
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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Green Cove Springs
+ 48.9%
+ 133.3%
- 30.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 16
September
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
47
70
+ 48.9%
486
666
+ 37.0%
21
49
+ 133.3%
384
469
+ 22.1%
$310,420
$216,990
- 30.1%
$228,554
$220,990
- 3.3%
Percent of Original List Price Received*
95.1%
96.9%
+ 1.9%
97.4%
96.6%
- 0.8%
Percent of Properties Sold Over List Price*
14.3%
10.2%
- 28.7%
16.4%
13.9%
- 15.2%
Days on Market Until Sale
65
51
- 21.5%
72
65
- 9.7%
Inventory of Homes for Sale
166
193
+ 16.3%
--
--
--
Months Supply of Inventory
4.1
3.8
- 7.3%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September
2018
2019
Year to Date
2018
2019
666
70 486
49
47
469
384
21
+ 48.9% New Listings
+ 22.1% Closed Sales
+ 37.0% New Listings
+ 133.3% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Jacksonville Beach
- 31.5%
- 27.7%
+ 13.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 21
September
Year to Date
2018
2019
+/–
2018
2019
+/–
New Listings
73
50
- 31.5%
789
673
- 14.7%
Closed Sales
47
34
- 27.7%
498
467
- 6.2%
Median Sales Price*
$346,000
$392,500
+ 13.4%
$385,000
$399,000
+ 3.6%
Percent of Original List Price Received*
93.7%
92.4%
- 1.4%
95.4%
94.9%
- 0.5%
Percent of Properties Sold Over List Price*
2.1%
5.9%
+ 181.0%
7.8%
7.9%
+ 1.3%
Days on Market Until Sale
82
89
+ 8.5%
69
71
+ 2.9%
Inventory of Homes for Sale
264
207
- 21.6%
--
--
--
Months Supply of Inventory
5.1
4.0
- 21.6%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September
2018
2019
Year to Date
73
789 50
2018
673
47
498
34
- 31.5% New Listings
467
- 6.2% Closed Sales
- 14.7% New Listings
- 27.7% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Neptune Beach
+ 15.4%
- 46.7%
+ 92.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 22
September
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
13
15
+ 15.4%
116
137
+ 18.1%
15
8
- 46.7%
92
85
- 7.6%
$412,000
$794,500
+ 92.8%
$442,400
$450,000
+ 1.7%
Percent of Original List Price Received*
93.0%
95.0%
+ 2.2%
94.6%
95.4%
+ 0.8%
Percent of Properties Sold Over List Price*
20.0%
0.0%
- 100.0%
10.9%
7.1%
- 34.9%
73
105
+ 43.8%
63
58
- 7.9%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
26
48
+ 84.6%
--
--
--
Months Supply of Inventory
2.5
5.4
+ 116.0%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September
2018
15
13
2019
Year to Date
15 116
2018
137 92
8
+ 15.4% New Listings
85
- 7.6% Closed Sales
+ 18.1% New Listings
- 46.7% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Atlantic Beach
- 16.1%
- 29.6%
+ 8.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 23
September
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
31
26
- 16.1%
306
302
- 1.3%
27
19
- 29.6%
223
214
- 4.0%
$390,000
$421,676
+ 8.1%
$420,000
$390,000
- 7.1%
Percent of Original List Price Received*
94.8%
97.3%
+ 2.6%
95.7%
96.5%
+ 0.8%
Percent of Properties Sold Over List Price*
22.2%
26.3%
+ 18.5%
14.3%
14.5%
+ 1.4%
Days on Market Until Sale
80
69
- 13.8%
79
72
- 8.9%
Inventory of Homes for Sale
102
96
- 5.9%
--
--
--
Months Supply of Inventory
4.3
4.4
+ 2.3%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September
2018
31
2019
Year to Date 306
27
26
2018
302 223
19
- 16.1% New Listings
214
- 4.0% Closed Sales
- 1.3% New Listings
- 29.6% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
North Beach / Mayport
- 15.4%
- 38.5%
- 7.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 24
September
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
13
11
- 15.4%
137
90
- 34.3%
13
8
- 38.5%
115
78
- 32.2%
$243,000
$225,000
- 7.4%
$200,000
$201,000
+ 0.5%
Percent of Original List Price Received*
97.9%
98.6%
+ 0.7%
98.4%
97.7%
- 0.7%
Percent of Properties Sold Over List Price*
38.5%
12.5%
- 67.5%
36.5%
24.4%
- 33.2%
61
42
- 31.1%
57
52
- 8.8%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
31
22
- 29.0%
--
--
--
Months Supply of Inventory
2.6
2.6
0.0%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September
2018
13
2019
Year to Date
13
2018
2019
137
11
115 8
- 15.4% New Listings
90
78
- 32.2% Closed Sales
- 34.3% New Listings
- 38.5% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
NE St. Johns County – Ponte Vedra Beach North
0.0%
- 61.5%
+ 10.6%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 25
September
New Listings Closed Sales Median Sales Price*
Year to Date
2018
2019
+/–
2018
2019
+/–
24
24
0.0%
312
245
- 21.5%
26
10
- 61.5%
214
188
- 12.1%
$270,000
$298,500
+ 10.6%
$476,000
$582,500
+ 22.4%
Percent of Original List Price Received*
93.2%
94.9%
+ 1.8%
93.3%
93.7%
+ 0.4%
Percent of Properties Sold Over List Price*
0.0%
10.0%
--
6.1%
11.2%
+ 83.6%
Days on Market Until Sale
99
72
- 27.3%
92
112
+ 21.7%
Inventory of Homes for Sale
123
94
- 23.6%
--
--
--
Months Supply of Inventory
5.3
4.8
- 9.4%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September 24
2018
2019
Year to Date
2019
312
26
24
2018
245
214
188
10
0.0% New Listings
- 12.1% Closed Sales
- 21.5% New Listings
- 61.5% Closed Sales
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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley
- 2.5%
- 3.6%
- 7.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 26
September
New Listings Closed Sales Median Sales Price*
Year to Date
2018
2019
+/–
2018
2019
+/–
81
79
- 2.5%
960
910
- 5.2%
55
53
- 3.6%
603
592
- 1.8%
$520,000
$479,000
- 7.9%
$465,000
$495,000
+ 6.5%
Percent of Original List Price Received*
94.6%
95.3%
+ 0.7%
94.5%
94.0%
- 0.5%
Percent of Properties Sold Over List Price*
1.8%
11.3%
+ 527.8%
6.5%
4.7%
- 27.7%
Days on Market Until Sale
91
80
- 12.1%
85
93
+ 9.4%
Inventory of Homes for Sale
367
377
+ 2.7%
--
--
--
Months Supply of Inventory
5.7
6.0
+ 5.3%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September 81
2018
2019
Year to Date
79
960 55
- 2.5% New Listings
2018
910
53
603
592
- 1.8% Closed Sales
- 5.2% New Listings
- 3.6% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra / Nocatee (St. Johns County)
- 31.3%
+ 8.1%
+ 15.2%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 27
September
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
83
57
- 31.3%
863
886
+ 2.7%
62
67
+ 8.1%
612
731
+ 19.4%
$395,000
$455,000
+ 15.2%
$419,690
$438,000
+ 4.4%
Percent of Original List Price Received*
98.8%
98.1%
- 0.7%
97.6%
97.5%
- 0.1%
Percent of Properties Sold Over List Price*
14.5%
13.4%
- 7.6%
13.1%
14.9%
+ 13.7%
Days on Market Until Sale
70
69
- 1.4%
65
74
+ 13.8%
Inventory of Homes for Sale
235
211
- 10.2%
--
--
--
Months Supply of Inventory
3.1
2.6
- 16.1%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September
2018
2019
Year to Date
83 62
57
- 31.3% New Listings
731
612
+ 19.4% Closed Sales
+ 2.7% New Listings
+ 8.1% Closed Sales
2019
886
863
67
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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – September 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
St. Johns County NW
+ 4.8%
+ 17.3%
+ 0.7%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 30
September
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
250
262
+ 4.8%
3,004
3,263
+ 8.6%
226
265
+ 17.3%
2,358
2,537
+ 7.6%
$309,900
$312,000
+ 0.7%
$315,580
$325,000
+ 3.0%
Percent of Original List Price Received*
96.8%
96.7%
- 0.1%
96.8%
97.1%
+ 0.3%
Percent of Properties Sold Over List Price*
10.2%
10.6%
+ 3.9%
10.8%
13.1%
+ 21.3%
Days on Market Until Sale
86
77
- 10.5%
80
79
- 1.3%
Inventory of Homes for Sale
938
939
+ 0.1%
--
--
--
Months Supply of Inventory
3.6
3.5
- 2.8%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
September 250
2018
262
226
+ 4.8% New Listings
2019
Year to Date
265
3,004
2018
3,263 2,537
2,358
+ 7.6% Closed Sales
+ 8.6% New Listings
+ 17.3% 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 October 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.