Market Insight - August 2018
NORTHEAST FLORIDA HOUSING MARKET
All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing.
cators Monthly Indicators
ORTHEAST FLORIDA A RESEARCH ASSOCIATION TOOL PROVIDED OF REALTORS BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
edit: NEFARRequired is happy to Reprint share /our Use market and Source statistical Credit: reportNEFAR data; prior is happy permission to shareis our not market required. statistical Source report creditdata; is required, prior permission is not required. Source credit is required, NEFAR members) however, whether for all theuses use (including is written, use digital, by NEFAR broadcast, members) spoken, whether social media the useorisother. written, Usedigital, of NEFAR broadcast, data must spoken, be social media or other. Use of NEFAR data must be – Source: Northeast accompanied Florida by Association the followingofattribution Realtors . – Source: Northeast Florida Association of Realtors .
vity of single-family All data residential, represents Realtor-brokered condo and townhome activity sales of single-family combined. As residential, all Nassaucondo and St. and Johns townhome Countysales Realtors combined. are notAs all Nassau and St. Johns County Realtors are not le Listing Service members – a wholly of the owned Northeast subsidiary Florida Multiple of the Northeast Listing Service Florida–Association a wholly owned of Realtors subsidiary – reports of thedo Northeast not represent Florida the Association full of Realtors – reports do not represent the full extent of Realtor sales in those counties.
August 2018
Quick Facts
Quick Facts
ates and increased Rising home building prices, material higher costs interest haverates and increased building material costs have en-year low, pressured according housing to the affordability National to a ten-year low, according to the National market observers Association haveof been Home watching Builders. thisKeen market observers have been Change in watching this Change in ime. Nationally, situation median takehousehold shape for quite income some has time. Nationally, median income has Price Closedhousehold Sales Median Sales le home prices risen are 2.6% up in 6.0%. the last That 12kind months, of gap while home prices are up 6.0%. That kind of gap e to affordability will eventually concerns,create whichfewer is happening sales due in to affordability concerns, which is happening in ddle to high-middle several markets, price ranges. especially in the middle to high-middle price ranges. Market Overview
- 6.2%
+ 7.3%
- 1.4% - 6.2% Change inChange in Inventory Closed Sales
+ 7.3%
- 1.4%
Change in Median Sales Price
Change in Inventory
Market Overview 2 All data provided by the Northeast Florida Multiple Listing Service.
2
New Listings 3
3
Pending Sales 4
4
Closed Sales e Median Sales Prices Price continued increased to gain 7.3 percent traction.to The Median Sales Price increased 7.3 percent to On Market n 9.2 percent $220,000. to 59 days. Days Sellers on Market were was down 9.2 percent toDays 59 days. SellersUntil wereSale entory wasencouraged down 5.1 percent as Months to 3.7 Supply months. of Inventory was down 5.1 percent to 3.7 months. Median Sales Price
Closed Sales 5
5
Days On Market 6 Until Sale
6
Median Sales 7 Price
7
Average Sales Price cessionaryWhile signssome like fewer are starting sales, dropping to look for recessionary signs like fewer sales, dropping Percent of Original List Price Received are taking prices a moreand cautious even foreclosures, and research-based others are taking a more cautious and research-based fact remains approached that the trends to their dopredictions. not yet support The fact remains that the trends do not support Percent of Properties yet Sold Over List Price been experienced a dramatic over shift theaway last several from what years. has been experienced over the last several years. Housing Affordability Index ably if not excitingly, Housing starts pricesare areperforming still inchingadmirably if not excitingly, prices are still inching InventoryThe of Homes for Sale is sumers areupward, optimistic. supply The remains U.S. economy low andisconsumers are optimistic. U.S. economy iorating. under scrutiny but certainly not deteriorating. Months Supply of Inventory
Average Sales 8 Price
8
Percent of9Original List Price Received
9
New Listings region increased New Listings 2.4 percent in the to Northeast 3,744. Pending Florida region increased 2.4 percent to 3,744. Pending Sales to 9,237 units. nventory levels Salesfell were 1.4up percent 3.6 percent to 9,237 to units. 2,673. Inventory levelsPending fell 1.4 percent
Housing Supply Overview Report
Percent of 10Properties Sold Over List Price
10
Housing Affordability 11 Index
11
Inventory12 of Homes for Sale
12
Months Supply 13 of Inventory
13
Housing Supply 14 Overview Report
14
Area breakouts of 33 submarkets begin after pageArea 21. breakouts of 33 submarkets begin after page 21.
Current as of September 8, 2018. All data from Northeast Florida Multiple Current Listing as ofService. September Report 8, 2018. © 2018 All ShowingTime. data from Northeast | 1 Florida Multiple Listing Service. Report © 2018 ShowingTime. | 1
Market Overview Key market metrics for the current month and year-to-date.
Key Metrics
Historical Sparklines
New Listings 8-2015
8-2016
8-2017
8-2015
8-2016
8-2017
8-2018
8-2015
8-2016
8-2017
8-2018
Closed Sales Days on Market Until Sale 8-2016
8-2017
8-2015
8-2016
8-2017
8-2018
8-2015
8-2016
8-2017
8-2018
Average Sales Price
Percent of Properties Sold Over List Price
8-2015
8-2016
8-2017
YTD 2017 YTD 2018
+/-
3,657
3,744
+ 2.4%
26,913
29,087
+ 8.1%
2,580
2,673
+ 3.6%
20,755
21,479
+ 3.5%
2,832
2,656
- 6.2%
20,187
20,214
+ 0.1%
65
59
- 9.2%
73
64
- 12.3%
$205,000
$220,000
+ 7.3%
$202,455
$223,990
+ 10.6%
$247,080
$265,477
+ 7.4%
$244,848
$268,205
+ 9.5%
95.6%
95.5%
- 0.1%
95.4%
95.9%
+ 0.5%
13.5%
13.5%
0.0%
14.4%
14.4%
0.0%
159
137
- 13.8%
161
135
- 16.1%
9,372
9,237
- 1.4%
--
--
--
3.9
3.7
- 5.1%
--
--
--
8-2018
8-2015
8-2016
8-2017
8-2018
8-2015
8-2016
8-2017
8-2018
Housing Affordability Index Inventory of Homes for Sale Months Supply of Homes for Sale
+/-
8-2018
Median Sales Price
Percent of Original List Price Received
8-2018
8-2018
Pending Sales
8-2015
8-2017
8-2015
8-2016
8-2017
8-2018
8-2015
8-2016
8-2017
8-2018
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 2
New Listings A count of the properties that have been newly listed on the market in a given month.
August
Year To Date 3,744
3,657 3,288
26,603
2016
+11.2%
+2.4%
2017
2018
26,913
29,087
+1.2%
+8.1%
2017
2018
2016
Month
Prior Year
Current Year
September 2017
2,880
2,285
-20.7%
October 2017
2,369
3,006
+26.9%
November 2017
2,400
2,595
+8.1%
December 2017
2,078
2,093
+0.7%
January 2018
3,082
2,959
-4.0%
February 2018
2,933
3,212
+9.5%
March 2018
3,691
3,861
+4.6%
April 2018
3,386
3,821
+12.8%
May 2018
3,491
3,801
+8.9%
June 2018
3,433
3,882
+13.1%
July 2018
3,240
3,807
+17.5%
August 2018
3,657
3,744
+2.4%
12-Month Avg
3,053
3,256
+6.6%
+/–
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
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 3
Pending Sales A count of the properties on which contracts have been written in a given month.
August
Year To Date 2,673
2,580
2,382
19,749
2016
+8.3%
+3.6%
2017
2018
20,755
21,479
+5.1%
+3.5%
2017
2018
2016
Month
Prior Year
Current Year
September 2017
2,202
1,913
-13.1%
October 2017
1,998
2,351
+17.7%
November 2017
1,972
2,182
+10.6%
December 2017
1,862
1,953
+4.9%
January 2018
2,090
2,073
-0.8%
February 2018
2,360
2,348
-0.5%
March 2018
2,803
2,914
+4.0%
April 2018
2,737
2,994
+9.4%
May 2018
2,735
2,969
+8.6%
June 2018
2,764
2,688
-2.7%
July 2018
2,686
2,820
+5.0%
August 2018
2,580
2,673
+3.6%
12-Month Avg
2,399
2,490
+3.8%
+/–
Historical Pending Sales Activity 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
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 4
Closed Sales A count of actual sales that have closed within a given month.
August
Year To Date 2,832
2,699
2,656 19,316
2016
+4.9%
-6.2%
2017
2018
20,187
20,214
+4.5%
+0.1%
2017
2018
2016
Month
Prior Year
Current Year
September 2017
2,444
2,012
-17.7%
October 2017
2,063
2,327
+12.8%
November 2017
2,023
2,236
+10.5%
December 2017
2,315
2,621
+13.2%
January 2018
1,727
1,626
-5.8%
February 2018
1,857
1,927
+3.8%
March 2018
2,642
2,611
-1.2%
April 2018
2,509
2,691
+7.3%
May 2018
2,950
2,935
-0.5%
June 2018
3,027
3,063
+1.2%
July 2018
2,643
2,705
+2.3%
August 2018
2,832
2,656
-6.2%
12-Month Avg
2,419
2,451
+1.6%
+/–
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
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 5
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.
August
Year To Date
72
77
65
2016
73
59
-9.7%
-9.2%
2017
2018
Prior Year
Current Year
September 2017
73
66
-9.6%
October 2017
78
64
-17.9%
November 2017
69
65
-5.8%
December 2017
78
71
-9.0%
January 2018
78
69
-11.5%
February 2018
85
73
-14.1%
March 2018
83
72
-13.3%
April 2018
75
65
-13.3%
May 2018
73
60
-17.8%
June 2018
66
58
-12.1%
July 2018
67
60
-10.4%
August 2018
65
59
-9.2%
12-Month Avg
74
65
-12.0%
Month
64
-5.2%
-12.3%
2017
2018
2016
+/–
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
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 6
Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.
August
Year To Date
$205,000
$191,638
$223,990
$220,000 $185,000
2016
+7.0%
+7.3%
2017
2018
2016
Prior Year
Current Year
September 2017
$190,000
$208,875
+9.9%
October 2017
$185,000
$204,825
+10.7%
November 2017
$182,000
$208,000
+14.3%
December 2017
$195,000
$212,000
+8.7%
January 2018
$175,000
$204,000
+16.6%
February 2018
$192,990
$217,220
+12.6%
March 2018
$194,500
$224,900
+15.6%
April 2018
$199,694
$220,000
+10.2%
May 2018
$211,500
$225,000
+6.4%
June 2018
$211,214
$235,000
+11.3%
July 2018
$215,000
$230,000
+7.0%
August 2018
$205,000
$220,000
+7.3%
12-Month Med
$198,990
$218,500
+9.8%
Month
$202,455
+9.4%
+10.6%
2017
2018
+/–
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
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 7
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
August
Year To Date
$247,080
$238,788
2016
$268,205
$265,477 $226,634
+ 3.5%
+ 7.4%
2017
2018
2016
Prior Year
Current Year
September 2017
$234,202
$248,860
+6.3%
October 2017
$225,475
$251,290
+11.4%
November 2017
$223,524
$250,336
+12.0%
December 2017
$232,995
$259,008
+11.2%
January 2018
$217,738
$243,910
+12.0%
February 2018
$228,399
$256,257
+12.2%
March 2018
$241,999
$267,045
+10.3%
April 2018
$244,796
$268,784
+9.8%
May 2018
$252,392
$272,347
+7.9%
June 2018
$255,375
$281,604
+10.3%
July 2018
$254,131
$274,912
+8.2%
August 2018
$247,080
$265,477
+7.4%
12-Month Avg
$240,143
$263,366
+9.7%
Month
$244,848
+ 8.0%
+ 9.5%
2017
2018
+/–
Historical Average Sales Price $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
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 8
Percent of Original List Price Received Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
August
Year To Date
95.6%
95.6%
2016
95.5%
0.0%
-0.1%
2017
2018
94.9%
95.4%
95.9%
+0.5%
+0.5%
2017
2018
2016
Month
Prior Year
Current Year
+/–
September 2017
95.5%
95.7%
+0.2%
October 2017
95.0%
95.5%
+0.5%
November 2017
94.9%
95.4%
+0.5%
December 2017
94.8%
95.2%
+0.4%
January 2018
95.0%
95.4%
+0.4%
February 2018
94.6%
95.1%
+0.5%
March 2018
95.1%
96.0%
+0.9%
April 2018
95.6%
95.8%
+0.2%
May 2018
95.6%
96.3%
+0.7%
June 2018
95.9%
96.3%
+0.4%
July 2018
95.6%
96.1%
+0.5%
August 2018
95.6%
95.5%
-0.1%
12-Month Avg
95.3%
95.7%
+0.4%
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
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report © 2018 ShowingTime. | 9
Percent of Properties Sold Over List Price Percent of closed sales that sold for more than the most recent list price.
August
Year To Date
16.9%
16.5% 13.5%
2016
14.4%
13.5%
-20.1%
0.0%
2017
2018
14.4%
-12.7%
0.0%
2017
2018
2016
Month
Prior Year
Current Year
+/–
September 2017
16.3%
13.7%
-16.0%
October 2017
16.1%
13.0%
-19.3%
November 2017
15.2%
13.8%
-9.2%
December 2017
14.0%
11.8%
-15.7%
January 2018
13.1%
13.0%
-0.8%
February 2018
13.7%
11.2%
-18.2%
March 2018
13.2%
15.4%
+16.7%
April 2018
16.5%
15.5%
-6.1%
May 2018
14.8%
16.3%
+10.1%
June 2018
14.8%
14.5%
-2.0%
July 2018
14.7%
14.5%
-1.4%
August 2018
13.5%
13.5%
0.0%
12-Month Avg
14.7%
14.0%
-4.6%
Historical Percent of Properties Sold Over List Price 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
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 10
10B
Housing Affordability Index This index measures housing affordability for the region. For example, an index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
August
Year To Date 184
177
161
159 137
2016
135
-10.2%
-13.8%
2017
2018
2016
Prior Year
Current Year
+/–
September 2017
178
157
-11.8%
October 2017
183
159
-13.1%
November 2017
178
156
-12.4%
December 2017
160
153
-4.4%
January 2018
182
156
-14.3%
February 2018
165
145
-12.1%
March 2018
163
138
-15.3%
April 2018
161
139
-13.7%
May 2018
154
136
-11.7%
June 2018
154
129
-16.2%
July 2018
152
131
-13.8%
August 2018
159
137
-13.8%
12-Month Avg
166
145
-12.7%
Month
-12.5%
-16.1%
2017
2018
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
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 11
1B
Inventory of Homes for Sale The number of properties available for sale in active status at the end of the month.
August
Prior Year
Current Year
+/–
September 2017
10,254
9,029
-11.9%
October 2017
9,864
8,906
-9.7%
November 2017
9,543
8,615
-9.7%
December 2017
8,805
7,925
-10.0%
January 2018
9,017
8,143
-9.7%
February 2018
8,945
8,406
-6.0%
March 2018
9,162
8,703
-5.0%
April 2018
9,199
8,836
-3.9%
May 2018
9,299
8,918
-4.1%
June 2018
9,296
9,269
-0.3%
July 2018
9,149
9,322
+1.9%
August 2018
9,372
9,237
-1.4%
12-Month Avg
9,325
8,776
-5.8%
Month
10,457
9,372
9,237
-10.4%
-1.4%
2017
2018
2016
Historical Inventory of Homes for Sale 23,000 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
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 12
12B
Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
August
Prior Year
Current Year
+/–
September 2017
4.4
3.8
-13.6%
October 2017
4.3
3.7
-14.0%
November 2017
4.1
3.6
-12.2%
December 2017
3.8
3.3
-13.2%
January 2018
3.9
3.4
-12.8%
February 2018
3.8
3.5
-7.9%
March 2018
3.9
3.6
-7.7%
April 2018
3.9
3.6
-7.7%
May 2018
4.0
3.6
-10.0%
June 2018
3.9
3.8
-2.6%
July 2018
3.8
3.8
0.0%
August 2018
3.9
3.7
-5.1%
12-Month Avg
4.0
3.6
-9.8%
Month
4.5 3.9
2016
3.7
-13.3%
-5.1%
2017
2018
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
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 13
13B
Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.
August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
Quick Facts + 21.3%
+ 5.5%
+ 6.5%
Price Range With Strongest Sales:
Construction Status With Strongest Sales:
Property Type With Strongest Sales:
$300,000 to $499,999
New Construction
Condo-Townhouse
Pending Sales
15
Days on Market Until Sale
16
Median Sales Price
17
Percent of Original List Price Received
18
Percent of Properties Sold Over List Price
19
Inventory of Homes for Sale
20
Months Supply of Inventory
21
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report © 2018 ShowingTime. | 14
14B
Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total.
By Price Range 8-2017
By Construction Status
8-2018
8,973
8,596 7,482
7,294
8-2017
8-2018
24,221
25,060
By Property Type 8-2017
8-2018
24,450
25,259
6,195
5,234 5,439
5,108
1,665 1,977
4,568 327
4,818
4,619
4,339
377
- 18.7%
+ 3.9%
+ 14.9%
+ 21.3%
+ 18.7%
+ 15.3%
+ 3.5%
+ 5.5%
+ 3.3%
+ 6.5%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
$149,999 and Below
8,973
7,294
- 18.7%
6,656
5,258
- 21.0%
2,317
2,036
- 12.1%
$150,000 to $199,999
5,234
5,439
+ 3.9%
4,340
4,258
- 1.9%
894
1,181
+ 32.1%
$200,000 to $299,999
7,482
8,596
+ 14.9%
6,913
7,873
+ 13.9%
569
723
+ 27.1%
$300,000 to $499,999
5,108
6,195
+ 21.3%
4,752
5,769
+ 21.4%
356
426
+ 19.7%
$500,000 to $999,999
1,665
1,977
+ 18.7%
1,511
1,773
+ 17.3%
154
204
+ 32.5%
$1,000,000 and Above
327
377
+ 15.3%
278
328
+ 18.0%
49
49
0.0%
All Price Ranges
28,789
29,878
+ 3.8%
24,450
25,259
+ 3.3%
4,339
4,619
+ 6.5%
By Construction Status
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
Previously Owned
24,221
25,060
+ 3.5%
20,411
20,793
+ 1.9%
3,810
4,267
+ 12.0%
New Construction
4,568
4,818
+ 5.5%
4,039
4,466
+ 10.6%
529
352
- 33.5%
All Property Types
28,789
29,878
+ 3.8%
24,450
25,259
+ 3.3%
4,339
4,619
+ 6.5%
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 15
15B
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.
By Price Range 8-2017
By Construction Status
8-2018
8-2017
8-2017
138
98
123 108 90 65
73
61
55
100
69
83
By Property Type
8-2018
75 94
8-2018
68
67
53 59
63
45
- 15.4%
- 26.2%
- 13.7%
- 7.8%
- 7.4%
- 10.9%
- 14.5%
- 4.1%
- 10.7%
- 22.1%
$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
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
$149,999 and Below
65
55
- 15.4%
69
60
- 13.0%
52
42
- 19.2%
$150,000 to $199,999
61
45
- 26.2%
59
46
- 22.0%
69
43
- 37.7%
$200,000 to $299,999
73
63
- 13.7%
72
63
- 12.5%
88
64
- 27.3%
$300,000 to $499,999
90
83
- 7.8%
89
82
- 7.9%
103
88
- 14.6%
$500,000 to $999,999
108
100
- 7.4%
105
101
- 3.8%
132
98
- 25.8%
$1,000,000 and Above
138
123
- 10.9%
134
127
- 5.2%
162
99
- 38.9%
All Price Ranges
74
65
- 12.2%
75
67
- 10.7%
68
53
- 22.1%
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
Previously Owned
69
59
- 14.5%
70
61
- 12.9%
63
50
- 20.6%
New Construction
98
94
- 4.1%
97
95
- 2.1%
102
75
- 26.5%
All Property Types
74
65
- 12.2%
75
67
- 10.7%
68
53
- 22.1%
By Construction Status
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 16
16B
Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.
By Construction Status 8-2017
By Property Type 8-2017
8-2018
$280,500 $181,000
$295,990
8-2018
$198,990
$218,500
$211,000
$231,000
$200,000
$141,000
+ 10.5%
+ 5.5%
Previously Owned
New Construction
+ 9.8% All Properties
All Properties By Construction Status
+ 9.5%
+ 10.6%
Single-Family
Single-Family
$156,000
Condo-Townhouse
Condo-Townhouse
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
Previously Owned
$181,000
$200,000
+ 10.5%
$191,299
$215,000
+ 12.4%
$138,200
$150,000
+ 8.5%
New Construction
$280,500
$295,990
+ 5.5%
$295,614
$303,000
+ 2.5%
$156,910
$195,990
+ 24.9%
All Construction Statuses
$198,990
$218,500
+ 9.8%
$211,000
$231,000
+ 9.5%
$141,000
$156,000
+ 10.6%
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 17
17B
Percent of Original List Price Received Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average.
By Price Range 8-2017
By Construction Status
8-2018
96.5%
8-2017 97.2% 96.4%
96.7%
By Property Type 8-2017
8-2018
8-2018
98.7% 98.4%
96.1% 96.2% 94.8%
96.2% 95.9%
95.3%
95.6%
93.6% 93.5% 91.7% 91.8%
94.7%
95.2%
95.2%
- 0.1%
+ 0.7%
+ 0.3%
+ 0.1%
+ 0.5%
+ 0.1%
+ 0.5%
- 0.3%
+ 0.4%
+ 0.3%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
$149,999 and Below
93.6%
93.5%
- 0.1%
92.8%
92.6%
- 0.2%
95.8%
95.6%
- 0.2%
$150,000 to $199,999
96.5%
97.2%
+ 0.7%
96.5%
97.1%
+ 0.6%
96.9%
97.3%
+ 0.4%
$200,000 to $299,999
96.4%
96.7%
+ 0.3%
96.4%
96.7%
+ 0.3%
95.9%
96.8%
+ 0.9%
$300,000 to $499,999
96.1%
96.2%
+ 0.1%
96.1%
96.2%
+ 0.1%
96.1%
95.9%
- 0.2%
$500,000 to $999,999
94.8%
95.3%
+ 0.5%
94.9%
95.3%
+ 0.4%
93.9%
95.3%
+ 1.5%
$1,000,000 and Above
91.7%
91.8%
+ 0.1%
91.7%
91.7%
0.0%
91.6%
92.3%
+ 0.8%
All Price Ranges
95.3%
95.7%
+ 0.4%
95.2%
95.6%
+ 0.4%
95.9%
96.2%
+ 0.3%
By Construction Status
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
Previously Owned
94.7%
95.2%
+ 0.5%
94.6%
95.1%
+ 0.5%
95.4%
95.9%
+ 0.5%
New Construction
98.7%
98.4%
- 0.3%
98.5%
98.4%
- 0.1%
99.9%
98.9%
- 1.0%
All Property Types
95.3%
95.7%
+ 0.4%
95.2%
95.6%
+ 0.4%
95.9%
96.2%
+ 0.3%
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 18
18B
Percent of Properties Sold Over List Price Percent of closed sales that sold for more than the most recent list price. Based on a rolling 12-month average.
By Price Range 8-2017
By Construction Status
8-2018
8-2017
18.8%
16.6% 13.4% 13.5% 11.1% 10.9%
8-2017
18.2%
18.2%
17.0%
By Property Type
8-2018
15.3%
14.0% 13.8%
8-2018
15.3% 14.6% 10.9% 10.5%
9.9% 9.8%
4.9% 4.6%
+ 10.7%
+ 0.5%
- 2.2%
- 1.1%
- 7.2%
- 8.8%
- 1.8%
- 16.0%
- 4.5%
- 3.2%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
$149,999 and Below
17.0%
18.8%
+ 10.7%
18.4%
20.6%
+ 12.1%
9.8%
12.3%
+ 24.5%
$150,000 to $199,999
13.4%
13.5%
+ 0.5%
13.8%
13.9%
+ 0.7%
8.3%
8.6%
+ 3.9%
$200,000 to $299,999
11.1%
10.9%
- 2.2%
11.2%
11.0%
- 2.3%
9.3%
9.2%
- 1.1%
$300,000 to $499,999
9.9%
9.8%
- 1.1%
10.4%
10.3%
- 1.3%
4.2%
5.0%
+ 17.5%
$500,000 to $999,999
4.9%
4.6%
- 7.2%
5.7%
5.0%
- 11.3%
0.0%
1.6%
0.0%
$1,000,000 and Above
18.2%
16.6%
- 8.8%
20.0%
18.4%
- 7.6%
13.2%
12.0%
- 9.4%
All Price Ranges
14.7%
14.0%
- 4.6%
15.3%
14.6%
- 4.5%
10.9%
10.5%
- 3.2%
By Construction Status
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
Previously Owned
14.0%
13.8%
- 1.8%
14.7%
14.5%
- 1.9%
10.1%
10.4%
+ 2.8%
New Construction
18.2%
15.3%
- 16.0%
18.4%
15.5%
- 15.5%
16.8%
12.6%
- 24.7%
All Property Types
14.7%
14.0%
- 4.6%
15.3%
14.6%
- 4.5%
10.9%
10.5%
- 3.2%
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 19
19B
Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.
By Price Range 8-2017
By Construction Status
8-2018
2,333
2,457
2,408 2,481
8-2017
8-2018
7,691
7,508
By Property Type 8-2017
8,254
8-2018
7,961
1,977 1,614 1,075
1,155
951
1,304
424
1,681
430
1,729
1,118
1,276
- 18.4%
- 11.5%
+ 5.3%
+ 3.0%
+ 12.9%
+ 1.4%
- 2.4%
+ 2.9%
- 3.5%
+ 14.1%
$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
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
$149,999 and Below
1,977
1,614
- 18.4%
1,603
1,247
- 22.2%
374
367
- 1.9%
$150,000 to $199,999
1,075
951
- 11.5%
887
699
- 21.2%
188
252
+ 34.0%
$200,000 to $299,999
2,333
2,457
+ 5.3%
2,149
2,241
+ 4.3%
184
216
+ 17.4%
$300,000 to $499,999
2,408
2,481
+ 3.0%
2,196
2,251
+ 2.5%
212
230
+ 8.5%
$500,000 to $999,999
1,155
1,304
+ 12.9%
1,036
1,139
+ 9.9%
119
165
+ 38.7%
$1,000,000 and Above
424
430
+ 1.4%
383
384
+ 0.3%
41
46
+ 12.2%
9,372
9,237
- 1.4%
8,254
7,961
- 3.5%
1,118
1,276
+ 14.1%
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
Previously Owned
7,691
7,508
- 2.4%
6,695
6,361
- 5.0%
996
1,147
+ 15.2%
New Construction
1,681
1,729
+ 2.9%
1,559
1,600
+ 2.6%
122
129
+ 5.7%
All Property Types
9,372
9,237
- 1.4%
8,254
7,961
- 3.5%
1,118
1,276
+ 14.1%
All Price Ranges
By Construction Status
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 20
20B
Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months.
By Price Range 8-2017
By Construction Status
8-2018
8-2017
15.6 13.7
8.3 5.7 2.6
2.7
2.5
3.7
3.8
By Property Type 8-2017
8-2018
4.4
4.3
4.1
3.6
8-2018
3.8
3.3
3.1
7.9
4.8
3.4
2.1
+ 3.8%
- 16.0%
- 8.1%
- 15.8%
- 4.8%
- 12.2%
- 5.6%
- 2.5%
- 7.3%
+ 6.5%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
$149,999 and Below
2.6
2.7
+ 3.8%
2.9
2.8
- 3.4%
1.9
2.2
+ 15.8%
$150,000 to $199,999
2.5
2.1
- 16.0%
2.5
2.0
- 20.0%
2.5
2.6
+ 4.0%
$200,000 to $299,999
3.7
3.4
- 8.1%
3.7
3.4
- 8.1%
3.9
3.6
- 7.7%
$300,000 to $499,999
5.7
4.8
- 15.8%
5.5
4.7
- 14.5%
7.1
6.5
- 8.5%
$500,000 to $999,999
8.3
7.9
- 4.8%
8.2
7.7
- 6.1%
9.3
9.7
+ 4.3%
$1,000,000 and Above
15.6
13.7
- 12.2%
16.5
14.0
- 15.2%
10.0
11.3
+ 13.0%
All Price Ranges
3.9
3.7
- 5.1%
4.1
3.8
- 7.3%
3.1
3.3
+ 6.5%
8-2017
8-2018
Change
8-2017
8-2018
Change
8-2017
8-2018
Change
Previously Owned
3.8
3.6
- 5.6%
3.9
3.7
- 6.7%
3.1
3.2
+ 2.8%
New Construction
4.4
4.3
- 2.5%
4.6
4.3
- 7.2%
2.8
4.4
+ 58.9%
All Property Types
3.9
3.7
- 5.1%
4.1
3.8
- 7.3%
3.1
3.3
+ 6.5%
By Construction Status
Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. Report Š 2018 ShowingTime. | 21
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside / Mandarin / Bartram
- 3.3%
- 8.5%
+ 4.6%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 01
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
364
352
- 3.3%
2,638
2,717
+ 3.0%
260
238
- 8.5%
1,922
1,902
- 1.0%
$219,950
$230,000
+ 4.6%
$225,000
$235,000
+ 4.4%
Percent of Original List Price Received*
96.6%
96.1%
- 0.5%
96.3%
96.2%
- 0.1%
Percent of Properties Sold Over List Price*
16.5%
13.9%
- 15.8%
15.5%
14.8%
- 4.5%
Days on Market Until Sale
53
47
- 11.3%
59
54
- 8.5%
Inventory of Homes for Sale
803
797
- 0.7%
--
--
--
Months Supply of Inventory
3.5
3.5
0.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 364
2017
2018
352
2,638 260
- 3.3% New Listings
Year to Date
2017
2,717 1,922
238
- 8.5% Closed Sales
+ 3.0% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
1,902
- 1.0% Closed Sales
All MLS
b
Southside / Mandarin / Bartram
a
+ 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside
- 10.2%
- 7.3%
+ 19.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 02
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
461
414
- 10.2%
3,107
3,422
+ 10.1%
331
307
- 7.3%
2,410
2,487
+ 3.2%
$175,000
$208,900
+ 19.4%
$187,000
$209,901
+ 12.2%
Percent of Original List Price Received*
96.3%
96.8%
+ 0.5%
96.4%
96.5%
+ 0.1%
Percent of Properties Sold Over List Price*
11.3%
14.3%
+ 26.5%
13.3%
15.4%
+ 15.8%
Days on Market Until Sale
55
43
- 21.8%
63
49
- 22.2%
Inventory of Homes for Sale
929
868
- 6.6%
--
--
--
Months Supply of Inventory
3.2
2.8
- 12.5%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 461
2017
2018
414 331
- 10.2% New Listings
Year to Date 3,107
2017
3,422
307
- 7.3% Closed Sales
2,410
+ 10.1% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
2,487
+ 3.2% Closed Sales
All MLS
b
Southside
a
+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Riverside / Avondale / Ortega
+ 1.4%
0.0%
+ 10.0%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 03
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
71
72
+ 1.4%
529
573
+ 8.3%
55
55
0.0%
394
373
- 5.3%
$249,900
$275,000
+ 10.0%
$265,000
$290,000
+ 9.4%
Percent of Original List Price Received*
93.5%
92.3%
- 1.3%
93.4%
94.2%
+ 0.9%
Percent of Properties Sold Over List Price*
16.4%
5.5%
- 66.5%
8.9%
9.4%
+ 5.6%
Days on Market Until Sale
72
69
- 4.2%
79
68
- 13.9%
Inventory of Homes for Sale
208
211
+ 1.4%
--
--
--
Months Supply of Inventory
4.4
4.8
+ 9.1%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 71
2017
2018
Year to Date
72 55
+ 1.4% New Listings
55
0.0% Closed Sales
529
2017
573 394
+ 8.3% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
373
- 5.3% Closed Sales
All MLS
b
Riverside / Avondale / Ortega
a
+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Arlington / Fort Caroline
- 11.6%
- 12.5%
+ 9.6%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 04
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
276
244
- 11.6%
1,865
1,776
- 4.8%
208
182
- 12.5%
1,420
1,290
- 9.2%
$181,450
$198,950
+ 9.6%
$175,000
$193,700
+ 10.7%
Percent of Original List Price Received*
97.1%
96.2%
- 0.9%
96.7%
96.6%
- 0.1%
Percent of Properties Sold Over List Price*
13.9%
14.8%
+ 6.5%
18.3%
19.1%
+ 4.4%
Days on Market Until Sale
49
45
- 8.2%
55
50
- 9.1%
Inventory of Homes for Sale
522
468
- 10.3%
--
--
--
Months Supply of Inventory
3.1
2.9
- 6.5%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 276
2017
244
- 11.6% New Listings
2018
Year to Date 1,865
208
2017
1,776 1,420
182
- 12.5% Closed Sales
- 4.8% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
1,290
- 9.2% Closed Sales
All MLS
b
Arlington / Fort Caroline
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
West Jacksonville
+ 15.6%
+ 9.4%
+ 8.0%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 06
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
179
207
+ 15.6%
1,384
1,499
+ 8.3%
149
163
+ 9.4%
1,084
1,125
+ 3.8%
$156,500
$169,000
+ 8.0%
$153,000
$174,000
+ 13.7%
Percent of Original List Price Received*
96.5%
97.2%
+ 0.7%
96.1%
97.3%
+ 1.2%
Percent of Properties Sold Over List Price*
17.4%
14.1%
- 19.0%
17.9%
19.5%
+ 8.9%
Days on Market Until Sale
51
41
- 19.6%
58
54
- 6.9%
Inventory of Homes for Sale
390
404
+ 3.6%
--
--
--
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.
August 179
2017
2018
1,384
207
+ 15.6% New Listings
Year to Date
149
2017
1,499 1,084
163
+ 9.4% Closed Sales
+ 8.3% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
1,125
+ 3.8% Closed Sales
All MLS
b
West Jacksonville
a
+ 30%
+ 20%
+ 10%
0%
- 10%
- 20%
- 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Fleming Island Area
- 1.6%
- 9.1%
+ 9.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 12
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
62
61
- 1.6%
644
621
- 3.6%
55
50
- 9.1%
497
425
- 14.5%
$260,000
$284,500
+ 9.4%
$258,000
$272,500
+ 5.6%
Percent of Original List Price Received*
95.4%
96.0%
+ 0.6%
96.0%
96.8%
+ 0.8%
Percent of Properties Sold Over List Price*
10.9%
14.0%
+ 28.4%
12.9%
11.5%
- 10.9%
Days on Market Until Sale
58
56
- 3.4%
74
54
- 27.0%
Inventory of Homes for Sale
200
178
- 11.0%
--
--
--
Months Supply of Inventory
3.6
3.4
- 5.6%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 62
2017
61
- 1.6% New Listings
2018
Year to Date 644
55
2017
621
50
- 9.1% Closed Sales
497
- 3.6% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
425
- 14.5% Closed Sales
All MLS
b
Fleming Island Area
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Orange Park
+ 23.8%
- 6.8%
+ 10.0%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 13
August
Year to Date
2017
2018
+/–
New Listings
164
203
Closed Sales
161
150
Median Sales Price*
2017
2018
+/–
+ 23.8%
1,353
1,449
+ 7.1%
- 6.8%
1,122
1,006
- 10.3%
$185,000
$203,500
+ 10.0%
$172,250
$196,200
+ 13.9%
Percent of Original List Price Received*
96.8%
97.1%
+ 0.3%
97.0%
97.3%
+ 0.3%
Percent of Properties Sold Over List Price*
19.9%
16.0%
- 19.6%
20.9%
19.0%
- 9.1%
Days on Market Until Sale
59
43
- 27.1%
58
47
- 19.0%
Inventory of Homes for Sale
323
368
+ 13.9%
--
--
--
Months Supply of Inventory
2.4
2.9
+ 20.8%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2017
2018
1,353
203 164
+ 23.8% New Listings
Year to Date
161
2017
1,449 1,122
150
- 6.8% Closed Sales
+ 7.1% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
1,006
- 10.3% Closed Sales
All MLS
b
Orange Park
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Middleburg Vicinity
+ 44.7%
+ 2.3%
+ 1.3%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 14
August
Year to Date
2017
2018
+/–
2017
2018
+/–
New Listings
94
136
+ 44.7%
748
938
+ 25.4%
Closed Sales
86
88
+ 2.3%
657
637
- 3.0%
Median Sales Price*
$180,600
$183,000
+ 1.3%
$172,000
$190,000
+ 10.5%
Percent of Original List Price Received*
96.5%
94.5%
- 2.1%
95.4%
96.3%
+ 0.9%
Percent of Properties Sold Over List Price*
16.3%
14.8%
- 9.2%
16.7%
19.8%
+ 18.6%
Days on Market Until Sale
60
56
- 6.7%
71
48
- 32.4%
Inventory of Homes for Sale
224
294
+ 31.3%
--
--
--
Months Supply of Inventory
2.9
3.8
+ 31.0%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2017
2018
+ 44.7% New Listings
2017
2018
938
136 94
Year to Date 748
86
88
+ 2.3% Closed Sales
+ 25.4% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
657
637
- 3.0% Closed Sales
All MLS
b
Middleburg Vicinity
a
+ 30%
+ 20%
+ 10%
0%
- 10%
- 20%
- 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Green Cove Springs
- 8.5%
- 12.2%
+ 6.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 16
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
71
65
- 8.5%
485
476
- 1.9%
49
43
- 12.2%
348
359
+ 3.2%
$202,000
$215,000
+ 6.4%
$201,995
$226,900
+ 12.3%
Percent of Original List Price Received*
97.3%
94.2%
- 3.2%
96.3%
97.5%
+ 1.2%
Percent of Properties Sold Over List Price*
14.3%
20.9%
+ 46.2%
12.6%
16.7%
+ 32.5%
Days on Market Until Sale
51
72
+ 41.2%
76
72
- 5.3%
Inventory of Homes for Sale
177
176
- 0.6%
--
--
--
Months Supply of Inventory
4.1
4.2
+ 2.4%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 71
2017
2018
65
485 49
- 8.5% New Listings
Year to Date
2017
476 359
348
43
- 12.2% Closed Sales
- 1.9% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
+ 3.2% Closed Sales
All MLS
b
Green Cove Springs
a
+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Jacksonville Beach
+ 7.2%
- 24.3%
+ 8.5%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 21
August 2017
2018
New Listings
69
Closed Sales
70
Median Sales Price*
Year to Date +/–
2017
2018
+/–
74
+ 7.2%
650
716
+ 10.2%
53
- 24.3%
453
447
- 1.3%
$359,500
$390,000
+ 8.5%
$360,000
$385,000
+ 6.9%
Percent of Original List Price Received*
95.2%
94.2%
- 1.1%
95.7%
95.6%
- 0.1%
Percent of Properties Sold Over List Price*
11.4%
9.4%
- 17.5%
10.2%
8.5%
- 16.7%
Days on Market Until Sale
60
61
+ 1.7%
65
68
+ 4.6%
Inventory of Homes for Sale
218
253
+ 16.1%
--
--
--
Months Supply of Inventory
4.3
4.9
+ 14.0%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 69
2017
74
2018
70
Year to Date 650
2017
716
53
+ 7.2% New Listings
- 24.3% Closed Sales
453
+ 10.2% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
447
- 1.3% Closed Sales
All MLS
b
Jacksonville Beach
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% - 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Neptune Beach
+ 30.0%
+ 12.5%
+ 11.3%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 22
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
10
13
+ 30.0%
98
102
+ 4.1%
8
9
+ 12.5%
85
76
- 10.6%
$476,000
$530,000
+ 11.3%
$370,000
$452,500
+ 22.3%
Percent of Original List Price Received*
94.6%
93.5%
- 1.2%
94.4%
94.9%
+ 0.5%
Percent of Properties Sold Over List Price*
12.5%
11.1%
- 11.2%
12.9%
9.2%
- 28.7%
40
72
+ 80.0%
71
62
- 12.7%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
29
31
+ 6.9%
--
--
--
Months Supply of Inventory
2.8
3.3
+ 17.9%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2017
2018
13
98
10 8
+ 30.0% New Listings
Year to Date
2017
102
9
+ 12.5% Closed Sales
+ 4.1% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
85
76
- 10.6% Closed Sales
All MLS
b
Neptune Beach
a
+ 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Atlantic Beach
- 7.9%
- 24.1%
- 29.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 23
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
38
35
- 7.9%
253
284
+ 12.3%
29
22
- 24.1%
184
195
+ 6.0%
$404,000
$286,500
- 29.1%
$407,500
$420,000
+ 3.1%
Percent of Original List Price Received*
96.9%
96.9%
0.0%
95.6%
95.8%
+ 0.2%
Percent of Properties Sold Over List Price*
24.1%
9.1%
- 62.2%
13.1%
13.3%
+ 1.5%
104
39
- 62.5%
87
79
- 9.2%
Inventory of Homes for Sale
95
109
+ 14.7%
--
--
--
Months Supply of Inventory
3.9
4.7
+ 20.5%
--
--
--
Median Sales Price*
Days on Market Until Sale
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 38
2017
2018
35
Year to Date 253
29
2017
284
- 24.1% Closed Sales
195
184
22
- 7.9% New Listings
+ 12.3% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
+ 6.0% Closed Sales
All MLS
b
Atlantic Beach
a
+ 60% + 50% + 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% - 40% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
NE St. Johns County – Ponte Vedra Beach North
+ 38.1%
- 13.0%
+ 70.0%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 25
August
New Listings Closed Sales Median Sales Price*
Year to Date
2017
2018
+/–
2017
2018
+/–
21
29
+ 38.1%
226
286
+ 26.5%
23
20
- 13.0%
154
186
+ 20.8%
$250,000
$425,000
+ 70.0%
$599,000
$521,550
- 12.9%
Percent of Original List Price Received*
91.9%
92.9%
+ 1.1%
93.6%
93.4%
- 0.2%
Percent of Properties Sold Over List Price*
8.7%
15.0%
+ 72.4%
9.7%
7.0%
- 27.8%
Days on Market Until Sale
99
81
- 18.2%
89
92
+ 3.4%
Inventory of Homes for Sale
112
125
+ 11.6%
--
--
--
Months Supply of Inventory
6.4
5.8
- 9.4%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2017
2018
Year to Date
29 21
+ 38.1% New Listings
2017
2018
286 23
20
- 13.0% Closed Sales
226
186
154
+ 26.5% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
+ 20.8% Closed Sales
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 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley
- 5.6%
- 7.8%
+ 19.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 26
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
89
84
- 5.6%
785
877
+ 11.7%
64
59
- 7.8%
492
544
+ 10.6%
$432,500
$515,000
+ 19.1%
$450,000
$464,370
+ 3.2%
Percent of Original List Price Received*
95.4%
93.8%
- 1.7%
95.1%
94.6%
- 0.5%
Percent of Properties Sold Over List Price*
10.9%
6.8%
- 37.6%
9.3%
7.2%
- 22.6%
Days on Market Until Sale
88
91
+ 3.4%
87
85
- 2.3%
Inventory of Homes for Sale
362
361
- 0.3%
--
--
--
Months Supply of Inventory
6.1
5.7
- 6.6%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 89
2017
2018
84
785 64
- 5.6% New Listings
Year to Date
2017
877
59
- 7.8% Closed Sales
544
492
+ 11.7% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
+ 10.6% Closed Sales
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 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra / Nocatee (St. Johns County)
+ 6.2%
+ 3.8%
+ 7.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 27
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
81
86
+ 6.2%
678
762
+ 12.4%
80
83
+ 3.8%
598
542
- 9.4%
$399,704
$431,460
+ 7.9%
$380,543
$422,297
+ 11.0%
Percent of Original List Price Received*
98.6%
97.2%
- 1.4%
98.4%
97.5%
- 0.9%
Percent of Properties Sold Over List Price*
12.5%
10.8%
- 13.6%
14.2%
13.1%
- 7.7%
Days on Market Until Sale
74
77
+ 4.1%
92
65
- 29.3%
Inventory of Homes for Sale
201
208
+ 3.5%
--
--
--
Months Supply of Inventory
2.8
2.8
0.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 81
2017
86
+ 6.2% New Listings
80
2018
83
+ 3.8% Closed Sales
Year to Date
2017
2018
762
678
598
+ 12.4% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
542
- 9.4% Closed Sales
All MLS
b
Ponte Vedra / Nocatee (St. Johns County)
a
+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
St. Johns County NW
- 5.0%
+ 5.2%
+ 7.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 30
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
357
339
- 5.0%
2,625
2,713
+ 3.4%
252
265
+ 5.2%
1,945
2,082
+ 7.0%
$293,263
$314,900
+ 7.4%
$295,000
$316,485
+ 7.3%
Percent of Original List Price Received*
96.3%
97.0%
+ 0.7%
96.4%
96.8%
+ 0.4%
Percent of Properties Sold Over List Price*
12.7%
11.3%
- 11.0%
12.0%
10.7%
- 10.8%
Days on Market Until Sale
79
70
- 11.4%
82
79
- 3.7%
Inventory of Homes for Sale
973
901
- 7.4%
--
--
--
Months Supply of Inventory
4.3
3.6
- 16.3%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August 357
2017
2018
2,625
339 252
- 5.0% New Listings
Year to Date
2017
2,713
265
+ 5.2% Closed Sales
1,945
+ 3.4% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
2,082
+ 7.0% Closed Sales
All MLS
b
St. Johns County - NW
a
+ 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.
Local Market Update – August 2018 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
St. Johns County NE
- 43.4%
- 18.4%
- 5.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 31
August
New Listings Closed Sales
Year to Date
2017
2018
+/–
2017
2018
+/–
53
30
- 43.4%
366
336
- 8.2%
38
31
- 18.4%
227
224
- 1.3%
$374,000
$352,000
- 5.9%
$383,200
$364,745
- 4.8%
Percent of Original List Price Received*
93.7%
94.8%
+ 1.2%
95.1%
95.0%
- 0.1%
Percent of Properties Sold Over List Price*
10.5%
9.7%
- 7.6%
7.9%
11.2%
+ 41.8%
Days on Market Until Sale
61
75
+ 23.0%
96
98
+ 2.1%
Inventory of Homes for Sale
172
144
- 16.3%
--
--
--
Months Supply of Inventory
6.6
5.2
- 21.2%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
2017
2018
Year to Date 366
53 38 30
- 43.4% New Listings
2017
336 227
31
- 18.4% Closed Sales
- 8.2% New Listings
Change in Median Sales Price from Prior Year (6-Month Average)**
2018
224
- 1.3% Closed Sales
All MLS
b
St. Johns County - NE
a
+ 50% + 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% - 40% - 50% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | Current as of September 8, 2018. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.