Market Insight - January 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.
January 2019
Quick Facts
Quick Facts
orically low Despite unemployment a strongand U.S.steady economy, wagehistorically low unemployment and steady wage cross the nation growth, latehome last year. salesBlame beganwas to slow given across the nation late last year. Blame was given a steady stream to a combination of interest rate of high hikesprices by theand a steady stream of interest the in Change inrate hikes byChange d responded Federal to the Reserve. growing affordability This month, the Fed responded to theClosed growing affordability Sales Median Sales Price a patient approach conundrum. to further In a move rate described changes, the as a patient approach to further rate changes, the nuary 2019.Fed did not increase rates during January 2019. Market Overview region increased New Listings 10.3 percent in the Northeast to 3,267. Florida region increased 10.3 percent to 3,267. New Listings o 2,197. Inventory Pendinglevels Salesrose were7.2 uppercent 6.1 percent to to 2,197. Inventory levels rose 7.2 percent to Pending Sales 8,798 units.
- 2.9%
+ 0.5%
+ 7.2% - 2.9% Change inChange in Inventory Closed Sales
+ 0.5%
+ 7.2%
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 Sales Price increased $205,000. Prices were 0.5 fairlypercent stable.to The Median Sales Price increased 0.5 percent to $205,000. Daysfelt Onempowered Market Untilas Sale o 71 days.Days Buyers empowered as Months onfelt Market was up 2.9 percent to 71 days. Buyers Months ent to 3.5 months. Supply of Inventory was up 2.9 percent to 3.5 months. Median Sales Price
Closed Sales 5
5
Days On Market 6 Until Sale
6
Median Sales 7 Price
7
Average Sales Price l continue to set the home tone for the 2019 housing While affordability topic will continue to set the tone for the 2019 housing ofincluding Original List Price Received ving inventory situation, in to several market, early including signs point an improving inventory Percent situation, in several egular year-over-year increases. markets thatpercentage are beginning to showAsregular year-over-year percentage increases. Percent of Properties Sold OverAsList Price mp on annual goals, many new listings motivated sellers attempt toenter get a the jump on annual goals, many new listings enter the Housing Affordability Index a calendar market year. If home price appreciation immediately after the turnfalls of a calendar year. If home price appreciation falls Inventory of Homes for Saleand ates can hold firm, consumer confidence more in line with wage growth,and and rates can hold firm, consumer confidence affordability are likely to improve. Months Supply of Inventory
Average Sales 8 Price
8
Percent of9Original List Price Received
9
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 February 8, 2019. All data from Northeast Florida Multiple Current Listing as Service. of February 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 1-2016
1-2017
1-2018
1-2016
1-2017
1-2018
1-2019
1-2016
1-2017
1-2018
1-2019
Closed Sales Days on Market Until Sale 1-2017
1-2018
1-2016
1-2017
1-2018
1-2019
1-2016
1-2017
1-2018
1-2019
Average Sales Price
Percent of Properties Sold Over List Price
1-2016
1-2017
1-2018
YTD 2018 YTD 2019
+/-
2,962
3,267
+ 10.3%
2,962
3,267
+ 10.3%
2,070
2,197
+ 6.1%
2,070
2,197
+ 6.1%
1,638
1,590
- 2.9%
1,638
1,590
- 2.9%
69
71
+ 2.9%
69
71
+ 2.9%
$203,990
$205,000
+ 0.5%
$203,990
$205,000
+ 0.5%
$243,531
$240,463
- 1.3%
$243,531
$240,463
- 1.3%
95.4%
94.3%
- 1.2%
95.4%
94.3%
- 1.2%
13.0%
11.4%
- 12.3%
13.0%
11.4%
- 12.3%
156
150
- 3.8%
156
150
- 3.8%
8,208
8,798
+ 7.2%
--
--
--
3.4
3.5
+ 2.9%
--
--
--
1-2019
1-2016
1-2017
1-2018
1-2019
1-2016
1-2017
1-2018
1-2019
Housing Affordability Index Inventory of Homes for Sale Months Supply of Homes for Sale
+/-
1-2019
Median Sales Price
Percent of Original List Price Received
1-2019
1-2019
Pending Sales
1-2016
1-2018
1-2016
1-2017
1-2018
1-2019
1-2016
1-2017
1-2018
1-2019
Current as of February 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.
January
Year To Date
3,082
3,267
2,962
2017
-3.9%
+10.3%
2018
2019
3,082
2,962
2017
Prior Year
Month
3,267
-3.9%
+10.3%
2018
2019
Current Year
+/–
February 2018
2,933
3,223
+9.9%
March 2018
3,691
3,878
+5.1%
April 2018
3,386
3,838
+13.3%
May 2018
3,492
3,813
+9.2%
June 2018
3,434
3,896
+13.5%
July 2018
3,240
3,826
+18.1%
August 2018
3,658
3,760
+2.8%
September 2018
2,287
3,175
+38.8%
October 2018
3,007
3,428
+14.0%
November 2018
2,597
2,918
+12.4%
December 2018
2,099
2,051
-2.3%
January 2019
2,962
3,267
+10.3%
12-Month Avg
3,066
3,423
+11.7%
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 February 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.
January
Year To Date
2,090
2,197
2,070
2017
-1.0%
+6.1%
2018
2019
2,090
2,070
2017
Prior Year
Month
2,197
-1.0%
+6.1%
2018
2019
Current Year
+/–
February 2018
2,360
2,347
-0.6%
March 2018
2,803
2,919
+4.1%
April 2018
2,738
2,999
+9.5%
May 2018
2,737
2,966
+8.4%
June 2018
2,764
2,678
-3.1%
July 2018
2,686
2,819
+5.0%
August 2018
2,580
2,680
+3.9%
September 2018
1,912
2,360
+23.4%
October 2018
2,347
2,499
+6.5%
November 2018
2,177
2,160
-0.8%
December 2018
1,955
1,902
-2.7%
January 2019
2,070
2,197
+6.1%
12-Month Avg
2,427
2,544
+4.8%
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
1-2019
Current as of February 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.
January
Year To Date
1,727
1,638
2017
1,727
1,590
-5.2%
-2.9%
2018
2019
1,638
2017
Prior Year
Month
1,590
-5.2%
-2.9%
2018
2019
Current Year
+/–
February 2018
1,857
1,933
+4.1%
March 2018
2,642
2,627
-0.6%
April 2018
2,509
2,706
+7.9%
May 2018
2,949
2,957
+0.3%
June 2018
3,027
3,089
+2.0%
July 2018
2,644
2,776
+5.0%
August 2018
2,832
2,888
+2.0%
September 2018
2,013
2,317
+15.1%
October 2018
2,329
2,527
+8.5%
November 2018
2,239
2,366
+5.7%
December 2018
2,633
2,318
-12.0%
January 2019
1,638
1,590
-2.9%
12-Month Avg
2,443
2,508
+2.9%
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 February 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.
January
Year To Date
78
2017
78
71
69
-11.5%
+2.9%
2018
2019
69
2017
Prior Year
Current Year
+/–
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
60
-7.7%
September 2018
66
65
-1.5%
October 2018
64
59
-7.8%
November 2018
65
61
-6.2%
December 2018
71
70
-1.4%
January 2019
69
71
+2.9%
12-Month Avg
71
64
-9.6%
Month
71
-11.5%
+2.9%
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 February 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.
January
Year To Date
$203,990
$205,000
$203,990
$205,000
$175,000
$175,000
2017
+16.6%
+0.5%
2018
2019
Prior Year
Month
+16.6%
+0.5%
2018
2019
2017
Current Year
+/–
February 2018
$192,990
$217,950
+12.9%
March 2018
$194,500
$225,000
+15.7%
April 2018
$199,694
$220,000
+10.2%
May 2018
$212,000
$225,000
+6.1%
June 2018
$211,214
$235,000
+11.3%
July 2018
$215,000
$230,000
+7.0%
August 2018
$205,000
$220,000
+7.3%
September 2018
$208,850
$216,010
+3.4%
October 2018
$204,825
$212,000
+3.5%
November 2018
$208,000
$220,000
+5.8%
December 2018
$211,960
$226,000
+6.6%
January 2019
$203,990
$205,000
+0.5%
12-Month Med
$205,170
$222,000
+8.2%
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 February 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.
January
Year To Date
$243,531
$243,531
$240,463
$240,463
$217,738
$217,738
2017
+ 11.8%
- 1.3%
2018
2019
Prior Year
Month
+ 11.8%
- 1.3%
2018
2019
2017
Current Year
+/–
February 2018
$228,399
$256,681
+12.4%
March 2018
$241,999
$267,201
+10.4%
April 2018
$244,796
$268,909
+9.9%
May 2018
$252,430
$272,267
+7.9%
June 2018
$255,375
$280,820
+10.0%
July 2018
$254,211
$274,177
+7.9%
August 2018
$247,080
$264,659
+7.1%
September 2018
$248,831
$256,390
+3.0%
October 2018
$251,264
$263,695
+4.9%
November 2018
$250,357
$261,091
+4.3%
December 2018
$258,636
$267,327
+3.4%
January 2019
$243,531
$240,463
-1.3%
12-Month Avg
$248,824
$265,965
+6.9%
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
1-2019
Current as of February 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.
January
Year To Date
95.0%
2017
95.4%
94.3%
+0.4%
-1.2%
2018
2019
95.4%
95.0%
2017
94.3%
+0.4%
-1.2%
2018
2019
Month
Prior Year
Current Year
+/–
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%
95.6%
0.0%
September 2018
95.7%
95.5%
-0.2%
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%
94.3%
-1.2%
12-Month Avg
95.5%
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 February 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.
January
Year To Date
13.1%
13.1%
13.0%
13.0% 11.4%
11.4%
2017
-0.8%
-12.3%
2018
2019
2017
-0.8%
-12.3%
2018
2019
Month
Prior Year
Current Year
February 2018
13.7%
11.3%
-17.5%
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%
14.4%
-2.0%
August 2018
13.5%
13.4%
-0.7%
September 2018
13.7%
13.3%
-2.9%
October 2018
13.0%
12.6%
-3.1%
November 2018
13.8%
13.4%
-2.9%
December 2018
11.8%
12.8%
+8.5%
January 2019
13.0%
11.4%
-12.3%
12-Month Avg
13.9%
13.9%
-0.3%
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 February 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.
January
Year To Date 182
182 156
2017
156
150
-14.3%
-3.8%
2018
2019
2017
Prior Year
Current Year
+/–
February 2018
165
144
-12.7%
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%
September 2018
157
139
-11.5%
October 2018
159
139
-12.6%
November 2018
156
136
-12.8%
December 2018
153
136
-11.1%
January 2019
156
150
-3.8%
12-Month Avg
157
138
-12.4%
Month
150
-14.3%
-3.8%
2018
2019
Historical Housing Affordability Index 300
250
200
150
100 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of February 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.
January
Prior Year
Month
9,023
8,798
8,208
2017
-9.0%
+7.2%
2018
2019
Current Year
+/–
February 2018
8,951
8,494
-5.1%
March 2018
9,169
8,820
-3.8%
April 2018
9,205
9,001
-2.2%
May 2018
9,306
9,153
-1.6%
June 2018
9,306
9,601
+3.2%
July 2018
9,159
9,797
+7.0%
August 2018
9,384
9,954
+6.1%
September 2018
9,047
9,916
+9.6%
October 2018
8,931
9,858
+10.4%
November 2018
8,657
9,689
+11.9%
December 2018
7,980
8,759
+9.8%
January 2019
8,208
8,798
+7.2%
12-Month Avg
8,942
9,320
+4.4%
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 February 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.
January
Prior Year
Current Year
+/–
February 2018
3.9
3.5
-10.3%
March 2018
3.9
3.6
-7.7%
April 2018
3.9
3.7
-5.1%
May 2018
4.0
3.7
-7.5%
June 2018
3.9
3.9
0.0%
July 2018
3.8
3.9
+2.6%
August 2018
3.9
4.0
+2.6%
September 2018
3.8
3.9
+2.6%
October 2018
3.7
3.9
+5.4%
November 2018
3.6
3.8
+5.6%
December 2018
3.3
3.5
+6.1%
January 2019
3.4
3.5
+2.9%
12-Month Avg
3.8
3.7
-0.6%
Month
3.9
3.5
3.4
-12.8%
+2.9%
2018
2019
2017
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 February 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.
January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
Quick Facts + 16.2%
+ 5.2%
+ 7.4%
Price Range With Strongest Sales:
Construction Status With Strongest Sales:
Property Type With Strongest Sales:
$300,000 to $499,999
Previously Owned
Condo-Townhouse
Pending Sales
15
Days on Market Until Sale
16
Median Sales Price
17
Percent of Original List Price Received
18
Percent of Properties Sold Over List Price
19
Inventory of Homes for Sale
20
Months Supply of Inventory
21
Current as of February 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 1-2018
By Construction Status
1-2019
1-2018
8,962
8,252
24,364
7,936
7,236
By Property Type 1-2018
1-2019
25,620
24,620
1-2019
25,684
6,438 5,539
5,255 5,463
1,796 2,038
4,765 351
4,906
4,842
4,509
389
- 12.3%
+ 4.0%
+ 12.9%
+ 16.2%
+ 13.5%
+ 10.8%
+ 5.2%
+ 3.0%
+ 4.3%
+ 7.4%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
$149,999 and Below
8,252
7,236
- 12.3%
6,009
5,139
- 14.5%
2,243
2,097
- 6.5%
$150,000 to $199,999
5,255
5,463
+ 4.0%
4,273
4,162
- 2.6%
982
1,301
+ 32.5%
$200,000 to $299,999
7,936
8,962
+ 12.9%
7,271
8,224
+ 13.1%
665
738
+ 11.0%
$300,000 to $499,999
5,539
6,438
+ 16.2%
5,149
5,992
+ 16.4%
390
446
+ 14.4%
$500,000 to $999,999
1,796
2,038
+ 13.5%
1,625
1,825
+ 12.3%
171
213
+ 24.6%
$1,000,000 and Above
351
389
+ 10.8%
293
342
+ 16.7%
58
47
- 19.0%
All Price Ranges
29,129
30,526
+ 4.8%
24,620
25,684
+ 4.3%
4,509
4,842
+ 7.4%
By Construction Status
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
Previously Owned
24,364
25,620
+ 5.2%
20,362
21,203
+ 4.1%
4,002
4,417
+ 10.4%
New Construction
4,765
4,906
+ 3.0%
4,258
4,481
+ 5.2%
507
425
- 16.2%
All Property Types
29,129
30,526
+ 4.8%
24,620
25,684
+ 4.3%
4,509
4,842
+ 7.4%
Current as of February 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 1-2018
By Construction Status
1-2019
1-2018
127
1-2018
131
96
111 88 62
69 52
54
By Property Type
1-2019
95
72
1-2019
66
62
53
95
66
82
63
58
44
- 16.1%
- 18.5%
- 8.7%
- 6.8%
- 14.4%
+ 3.1%
- 12.1%
- 1.0%
- 8.3%
- 14.5%
$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
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
$149,999 and Below
62
52
- 16.1%
67
57
- 14.9%
48
41
- 14.6%
$150,000 to $199,999
54
44
- 18.5%
53
45
- 15.1%
60
43
- 28.3%
$200,000 to $299,999
69
63
- 8.7%
68
63
- 7.4%
77
64
- 16.9%
$300,000 to $499,999
88
82
- 6.8%
88
81
- 8.0%
94
94
0.0%
$500,000 to $999,999
111
95
- 14.4%
110
94
- 14.5%
126
103
- 18.3%
$1,000,000 and Above
127
131
+ 3.1%
128
134
+ 4.7%
119
107
- 10.1%
All Price Ranges
71
64
- 9.9%
72
66
- 8.3%
62
53
- 14.5%
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
66
58
- 12.1%
67
60
- 10.4%
58
51
- 12.1%
New Construction
96
95
- 1.0%
97
97
0.0%
91
71
- 22.0%
All Property Types
71
64
- 9.9%
72
66
- 8.3%
62
53
- 14.5%
By Construction Status Previously Owned
Current as of February 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 1-2018
By Property Type 1-2018
1-2019
$282,926 $189,000
$298,000
1-2019
$205,170
$222,000
$218,990
$235,000
$205,000
$145,000
+ 8.5%
+ 5.3%
Previously Owned
New Construction
+ 8.2% All Properties
All Properties By Construction Status
+ 7.3%
+ 7.6%
Single-Family
Single-Family
$156,000
Condo-Townhouse
Condo-Townhouse
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
Previously Owned
$189,000
$205,000
+ 8.5%
$200,000
$220,000
+ 10.0%
$142,000
$153,500
+ 8.1%
New Construction
$282,926
$298,000
+ 5.3%
$297,000
$304,555
+ 2.5%
$166,990
$182,840
+ 9.5%
All Construction Statuses
$205,170
$222,000
+ 8.2%
$218,990
$235,000
+ 7.3%
$145,000
$156,000
+ 7.6%
Current as of February 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 1-2018
By Construction Status
1-2019 96.8% 97.0%
1-2018
96.4% 96.6%
1-2018
1-2019
96.0% 96.0%
98.4% 98.4%
96.1% 96.1% 94.9%
93.6%
By Property Type
1-2019
95.3%
93.1%
95.5%
92.2% 91.0%
94.9% 95.1%
95.4%
- 0.5%
+ 0.2%
+ 0.2%
0.0%
+ 0.4%
- 1.3%
+ 0.2%
0.0%
+ 0.1%
0.0%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
$149,999 and Below
93.6%
93.1%
- 0.5%
92.7%
92.2%
- 0.5%
95.8%
95.4%
- 0.4%
$150,000 to $199,999
96.8%
97.0%
+ 0.2%
96.8%
96.9%
+ 0.1%
97.1%
97.3%
+ 0.2%
$200,000 to $299,999
96.4%
96.6%
+ 0.2%
96.4%
96.6%
+ 0.2%
96.1%
96.5%
+ 0.4%
$300,000 to $499,999
96.1%
96.1%
0.0%
96.1%
96.2%
+ 0.1%
96.4%
95.5%
- 0.9%
$500,000 to $999,999
94.9%
95.3%
+ 0.4%
95.0%
95.4%
+ 0.4%
94.1%
94.6%
+ 0.5%
$1,000,000 and Above
92.2%
91.0%
- 1.3%
92.1%
90.9%
- 1.3%
92.5%
91.9%
- 0.6%
All Price Ranges
95.5%
95.6%
+ 0.1%
95.4%
95.5%
+ 0.1%
96.0%
96.0%
0.0%
By Construction Status
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
Previously Owned
94.9%
95.1%
+ 0.2%
94.8%
94.9%
+ 0.1%
95.6%
95.8%
+ 0.2%
New Construction
98.4%
98.4%
0.0%
98.2%
98.3%
+ 0.1%
99.7%
98.8%
- 0.9%
All Property Types
95.5%
95.6%
+ 0.1%
95.4%
95.5%
+ 0.1%
96.0%
96.0%
0.0%
Current as of February 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 1-2018
16.9%
By Construction Status
1-2019
1-2018
18.2%
17.5%
12.6%
By Property Type 1-2018
1-2019
15.4%
16.7%
15.6%
1-2019
14.5% 14.7% 10.7%
13.4% 10.7% 10.9%
9.8%
10.2% 9.8% 5.4%
13.6% 13.6% 4.0%
+ 8.0%
+ 6.6%
+ 1.4%
- 3.1%
- 25.2%
- 4.6%
- 0.6%
+ 1.3%
+ 1.0%
- 8.8%
$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
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
$149,999 and Below
16.9%
18.2%
+ 8.0%
18.3%
20.4%
+ 11.3%
9.9%
11.0%
+ 10.8%
$150,000 to $199,999
12.6%
13.4%
+ 6.6%
12.9%
14.1%
+ 9.5%
9.5%
6.3%
- 33.9%
$200,000 to $299,999
10.7%
10.9%
+ 1.4%
10.6%
11.1%
+ 4.1%
11.8%
8.1%
- 31.0%
$300,000 to $499,999
10.2%
9.8%
- 3.1%
10.6%
10.4%
- 2.0%
5.8%
4.8%
- 16.7%
$500,000 to $999,999
5.4%
4.0%
- 25.2%
6.1%
4.3%
- 30.2%
1.6%
2.1%
+ 36.2%
$1,000,000 and Above
17.5%
16.7%
- 4.6%
19.3%
18.7%
- 3.2%
12.4%
11.7%
- 5.9%
All Price Ranges
13.9%
13.9%
- 0.3%
14.5%
14.7%
+ 1.0%
10.7%
9.8%
- 8.8%
By Construction Status
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
Previously Owned
13.6%
13.6%
- 0.6%
14.4%
14.4%
+ 0.3%
10.0%
9.6%
- 3.9%
New Construction
15.4%
15.6%
+ 1.3%
15.3%
16.0%
+ 4.5%
16.5%
11.9%
- 27.8%
All Property Types
13.9%
13.9%
- 0.3%
14.5%
14.7%
+ 1.0%
10.7%
9.8%
- 8.8%
Current as of February 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 1-2018
By Construction Status
1-2019
1-2018
2,333
2,182
2,316
6,479
1,993 1,685
By Property Type 1-2018
1-2019
7,211
7,131
1-2019
7,452
1,587
873
1,090
967
1,175
385
1,729
420
1,667
997
1,346
- 5.8%
+ 10.8%
+ 17.1%
+ 6.1%
+ 7.8%
+ 9.1%
+ 10.1%
- 3.6%
+ 3.3%
+ 35.0%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
$149,999 and Below
1,685
1,587
- 5.8%
1,382
1,223
- 11.5%
303
364
+ 20.1%
$150,000 to $199,999
873
967
+ 10.8%
688
703
+ 2.2%
185
264
+ 42.7%
$200,000 to $299,999
1,993
2,333
+ 17.1%
1,844
2,099
+ 13.8%
149
234
+ 57.0%
$300,000 to $499,999
2,182
2,316
+ 6.1%
1,986
2,051
+ 3.3%
196
265
+ 35.2%
$500,000 to $999,999
1,090
1,175
+ 7.8%
954
1,008
+ 5.7%
136
167
+ 22.8%
$1,000,000 and Above
385
420
+ 9.1%
357
368
+ 3.1%
28
52
+ 85.7%
8,208
8,798
+ 7.2%
7,211
7,452
+ 3.3%
997
1,346
+ 35.0%
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
Previously Owned
6,479
7,131
+ 10.1%
5,586
5,938
+ 6.3%
893
1,193
+ 33.6%
New Construction
1,729
1,667
- 3.6%
1,625
1,514
- 6.8%
104
153
+ 47.1%
All Property Types
8,208
8,798
+ 7.2%
7,211
7,452
+ 3.3%
997
1,346
+ 35.0%
All Price Ranges
By Construction Status
Current as of February 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 1-2018
By Construction Status
1-2019
1-2018 13.2
13.0
4.4 3.2
7.3 4.7 2.5
2.6
2.0
3.0
2.1
By Property Type
1-2019
4.1
1-2018
1-2019
3.5
3.5
3.3
3.3
2.7
6.9
4.3
3.1
+ 4.0%
+ 5.0%
+ 3.3%
- 8.5%
- 5.5%
- 1.5%
+ 4.7%
- 6.4%
0.0%
+ 22.2%
$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
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
$149,999 and Below
2.5
2.6
+ 4.0%
2.8
2.9
+ 3.6%
1.6
2.1
+ 31.3%
$150,000 to $199,999
2.0
2.1
+ 5.0%
1.9
2.0
+ 5.3%
2.3
2.4
+ 4.3%
$200,000 to $299,999
3.0
3.1
+ 3.3%
3.0
3.1
+ 3.3%
2.7
3.8
+ 40.7%
$300,000 to $499,999
4.7
4.3
- 8.5%
4.6
4.1
- 10.9%
6.0
7.1
+ 18.3%
$500,000 to $999,999
7.3
6.9
- 5.5%
7.0
6.6
- 5.7%
9.5
9.4
- 1.1%
$1,000,000 and Above
13.2
13.0
- 1.5%
14.6
12.9
- 11.6%
5.8
13.3
+ 129.3%
All Price Ranges
3.4
3.5
+ 2.9%
3.5
3.5
0.0%
2.7
3.3
+ 22.2%
1-2018
1-2019
Change
1-2018
1-2019
Change
1-2018
1-2019
Change
3.2
3.3
+ 4.7%
3.3
3.4
+ 2.1%
2.7
3.2
+ 21.0%
New Construction
4.4
4.1
- 6.4%
4.6
4.1
- 11.5%
2.5
4.3
+ 75.5%
All Property Types
3.4
3.5
+ 2.9%
3.5
3.5
0.0%
2.7
3.3
+ 22.2%
By Construction Status Previously Owned
Current as of February 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 21
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
NE St. Johns County – Ponte Vedra Beach North
- 3.1%
- 13.3%
+ 120.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 25
January
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
32
31
- 3.1%
32
31
- 3.1%
15
13
- 13.3%
15
13
- 13.3%
$280,000
$618,485
+ 120.9%
$280,000
$618,485
+ 120.9%
Percent of Original List Price Received*
91.1%
92.9%
+ 2.0%
91.1%
92.9%
+ 2.0%
Percent of Properties Sold Over List Price*
13.3%
15.4%
+ 15.8%
13.3%
15.4%
+ 15.8%
Days on Market Until Sale
114
92
- 19.3%
114
92
- 19.3%
Inventory of Homes for Sale
112
108
- 3.6%
--
--
--
Months Supply of Inventory
5.9
4.9
- 16.9%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January 32
2018
Year to Date
2019
32
31
15
- 3.1% New Listings
2018
31
15
13
13
- 13.3% Closed Sales
- 3.1% New Listings
- 13.3% Closed Sales
2019
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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Springfield / Downtown / Paxon / Trout River South / Downtown Jacksonville - E
+ 40.5%
+ 37.0%
- 14.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 07
January
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
148
208
+ 40.5%
148
208
+ 40.5%
73
100
+ 37.0%
73
100
+ 37.0%
$59,450
$51,050
- 14.1%
$59,450
$51,050
- 14.1%
Percent of Original List Price Received*
91.2%
88.1%
- 3.4%
91.2%
88.1%
- 3.4%
Percent of Properties Sold Over List Price*
8.3%
7.0%
- 15.7%
8.3%
7.0%
- 15.7%
Days on Market Until Sale
67
48
- 28.4%
67
48
- 28.4%
Inventory of Homes for Sale
440
493
+ 12.0%
--
--
--
Months Supply of Inventory
4.4
4.1
- 6.8%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January
2018
Year to Date
2019
208
2018
2019
208
148
148 73
+ 40.5% New Listings
100
100
73
+ 37.0% Closed Sales
+ 40.5% New Listings
+ 37.0% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Springfield / Downtown / Paxon / Trout River South / Downtown Jacksonville - E
a
+ 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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
West Jacksonville
+ 2.2%
- 1.9%
+ 6.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 06
January
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
135
138
+ 2.2%
135
138
+ 2.2%
105
103
- 1.9%
105
103
- 1.9%
$160,000
$171,000
+ 6.9%
$160,000
$171,000
+ 6.9%
Percent of Original List Price Received*
98.9%
95.9%
- 3.0%
98.9%
95.9%
- 3.0%
Percent of Properties Sold Over List Price*
25.7%
16.7%
- 35.0%
25.7%
16.7%
- 35.0%
Days on Market Until Sale
53
64
+ 20.8%
53
64
+ 20.8%
Inventory of Homes for Sale
327
368
+ 12.5%
--
--
--
Months Supply of Inventory
2.4
2.5
+ 4.2%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January 135
2018
Year to Date
2019
138
+ 2.2% New Listings
105
103
103
- 1.9% Closed Sales
+ 2.2% New Listings
- 1.9% Closed Sales
2019
138
135 105
2018
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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside
+ 7.1%
- 13.0%
- 16.0%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 02
January
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
365
391
+ 7.1%
365
391
+ 7.1%
208
181
- 13.0%
208
181
- 13.0%
$193,500
$162,500
- 16.0%
$193,500
$162,500
- 16.0%
Percent of Original List Price Received*
95.3%
94.1%
- 1.3%
95.3%
94.1%
- 1.3%
Percent of Properties Sold Over List Price*
11.1%
10.1%
- 9.0%
11.1%
10.1%
- 9.0%
Days on Market Until Sale
55
56
+ 1.8%
55
56
+ 1.8%
Inventory of Homes for Sale
735
850
+ 15.6%
--
--
--
Months Supply of Inventory
2.5
2.7
+ 8.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January 365
2018
Year to Date
2019
391
+ 7.1% New Listings
208
181
181
- 13.0% Closed Sales
+ 7.1% New Listings
- 13.0% Closed Sales
2019
391
365 208
2018
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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Putnam County NE
- 20.0%
- 4.5%
+ 26.5%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 56
January
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
40
32
- 20.0%
40
32
- 20.0%
22
21
- 4.5%
22
21
- 4.5%
$77,000
$97,400
+ 26.5%
$77,000
$97,400
+ 26.5%
Percent of Original List Price Received*
81.5%
90.1%
+ 10.6%
81.5%
90.1%
+ 10.6%
Percent of Properties Sold Over List Price*
9.1%
4.8%
- 47.3%
9.1%
4.8%
- 47.3%
Days on Market Until Sale
130
78
- 40.0%
130
78
- 40.0%
Inventory of Homes for Sale
174
142
- 18.4%
--
--
--
Months Supply of Inventory
5.4
4.6
- 14.8%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January
2018
Year to Date
2019
40
2018
2019
40 32
32 22
- 20.0% New Listings
22
21
- 4.5% Closed Sales
- 20.0% New Listings
- 4.5% Closed Sales
21
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Putnam County NE
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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside / Mandarin / Bartram
+ 12.7%
- 10.6%
+ 2.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 01
January
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
245
276
+ 12.7%
245
276
+ 12.7%
170
152
- 10.6%
170
152
- 10.6%
$231,755
$237,250
+ 2.4%
$231,755
$237,250
+ 2.4%
Percent of Original List Price Received*
95.7%
95.4%
- 0.3%
95.7%
95.4%
- 0.3%
Percent of Properties Sold Over List Price*
14.7%
8.6%
- 41.5%
14.7%
8.6%
- 41.5%
Days on Market Until Sale
59
60
+ 1.7%
59
60
+ 1.7%
Inventory of Homes for Sale
629
681
+ 8.3%
--
--
--
Months Supply of Inventory
2.7
2.9
+ 7.4%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January 245
2018
Year to Date
2019
276
+ 12.7% New Listings
170
152
152
- 10.6% Closed Sales
+ 12.7% New Listings
- 10.6% Closed Sales
2019
276
245 170
2018
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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Marietta / Whitehouse / Baldwin / Garden St / Dinsmore
- 25.9%
+ 70.0%
+ 33.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 08
January
Year to Date
2018
2019
New Listings
27
20
- 25.9%
27
20
- 25.9%
Closed Sales
10
17
+ 70.0%
10
17
+ 70.0%
Median Sales Price*
+/–
2018
2019
+/–
$146,552
$195,000
+ 33.1%
$146,552
$195,000
+ 33.1%
Percent of Original List Price Received*
96.9%
93.8%
- 3.2%
96.9%
93.8%
- 3.2%
Percent of Properties Sold Over List Price*
10.0%
5.9%
- 41.0%
10.0%
5.9%
- 41.0%
37
68
+ 83.8%
37
68
+ 83.8%
Days on Market Until Sale Inventory of Homes for Sale
69
84
+ 21.7%
--
--
--
Months Supply of Inventory
3.8
3.6
- 5.3%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January
2018
Year to Date
2019
27
2018
2019
27 20
20
17 10
- 25.9% New Listings
17 10
+ 70.0% Closed Sales
- 25.9% New Listings
+ 70.0% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Marietta / Whitehouse / Baldwin / Garden St / Dinsmore
a
+ 140% + 120% + 100% + 80% + 60% + 40% + 20% 0% - 20% - 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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Jacksonville - North
- 0.6%
+ 1.1%
+ 8.0%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 09
January 2018
2019
New Listings
155
Closed Sales
91
Median Sales Price*
Year to Date +/–
2018
2019
+/–
154
- 0.6%
155
154
- 0.6%
92
+ 1.1%
91
92
+ 1.1%
$199,000
$215,000
+ 8.0%
$199,000
$215,000
+ 8.0%
Percent of Original List Price Received*
96.3%
95.3%
- 1.0%
96.3%
95.3%
- 1.0%
Percent of Properties Sold Over List Price*
12.1%
4.4%
- 63.6%
12.1%
4.4%
- 63.6%
Days on Market Until Sale
68
71
+ 4.4%
68
71
+ 4.4%
Inventory of Homes for Sale
390
409
+ 4.9%
--
--
--
Months Supply of Inventory
3.2
2.9
- 9.4%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January 155
2018
Year to Date
2019
155
154 91
- 0.6% New Listings
2018
154
92
92
91
+ 1.1% Closed Sales
- 0.6% New Listings
+ 1.1% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Jacksonville - North
a
+ 35% + 30% + 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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Middleburg Vicinity
- 11.4%
0.0%
- 7.5%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 14
January
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
88
78
- 11.4%
88
78
- 11.4%
58
58
0.0%
58
58
0.0%
$194,500
$179,950
- 7.5%
$194,500
$179,950
- 7.5%
Percent of Original List Price Received*
95.5%
94.6%
- 0.9%
95.5%
94.6%
- 0.9%
Percent of Properties Sold Over List Price*
15.5%
13.8%
- 11.0%
15.5%
13.8%
- 11.0%
Days on Market Until Sale
58
72
+ 24.1%
58
72
+ 24.1%
Inventory of Homes for Sale
214
249
+ 16.4%
--
--
--
Months Supply of Inventory
2.9
2.9
0.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January 88
2018
Year to Date
2019
88
78 58
- 11.4% New Listings
2018
78
58
58
58
0.0% Closed Sales
- 11.4% New Listings
0.0% 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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Keystone Heights Vicinity
+ 29.4%
+ 20.0%
+ 27.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 15
January
Year to Date
2018
2019
+/–
2018
2019
+/–
New Listings
17
22
+ 29.4%
17
22
+ 29.4%
Closed Sales
10
12
+ 20.0%
10
12
+ 20.0%
Median Sales Price*
$135,000
$172,500
+ 27.8%
$135,000
$172,500
+ 27.8%
Percent of Original List Price Received*
89.7%
95.9%
+ 6.9%
89.7%
95.9%
+ 6.9%
Percent of Properties Sold Over List Price*
20.0%
33.3%
+ 66.5%
20.0%
33.3%
+ 66.5%
177
107
- 39.5%
177
107
- 39.5%
Days on Market Until Sale Inventory of Homes for Sale
85
72
- 15.3%
--
--
--
Months Supply of Inventory
4.7
4.3
- 8.5%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January
2018
Year to Date
2019
22
2018
2019
22
17
17 10
+ 29.4% New Listings
12
12
10
+ 20.0% Closed Sales
+ 29.4% New Listings
+ 20.0% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Keystone Heights Vicinity
a
+ 80%
+ 60%
+ 40%
+ 20%
0%
- 20%
- 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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Green Cove Springs
+ 20.4%
+ 38.5%
- 10.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 16
January
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
49
59
+ 20.4%
49
59
+ 20.4%
26
36
+ 38.5%
26
36
+ 38.5%
$229,030
$204,000
- 10.9%
$229,030
$204,000
- 10.9%
Percent of Original List Price Received*
96.2%
97.5%
+ 1.4%
96.2%
97.5%
+ 1.4%
Percent of Properties Sold Over List Price*
15.4%
25.0%
+ 62.3%
15.4%
25.0%
+ 62.3%
Days on Market Until Sale
92
83
- 9.8%
92
83
- 9.8%
Inventory of Homes for Sale
159
155
- 2.5%
--
--
--
Months Supply of Inventory
3.7
3.9
+ 5.4%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January
2018
Year to Date
2019
59
2018
2019
59
49
49 36
36
26
+ 20.4% New Listings
26
+ 38.5% Closed Sales
+ 20.4% New Listings
+ 38.5% 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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Jacksonville Beach
- 18.7%
- 26.7%
- 8.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 21
January
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
75
61
- 18.7%
75
61
- 18.7%
30
22
- 26.7%
30
22
- 26.7%
$417,050
$382,000
- 8.4%
$417,050
$382,000
- 8.4%
Percent of Original List Price Received*
96.5%
93.0%
- 3.6%
96.5%
93.0%
- 3.6%
Percent of Properties Sold Over List Price*
3.3%
4.5%
+ 36.4%
3.3%
4.5%
+ 36.4%
Days on Market Until Sale
94
102
+ 8.5%
94
102
+ 8.5%
Inventory of Homes for Sale
208
213
+ 2.4%
--
--
--
Months Supply of Inventory
4.0
4.1
+ 2.5%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January
2018
Year to Date
2019
75
2018
2019
75 61
61 30
- 18.7% New Listings
30
22
- 26.7% Closed Sales
- 18.7% New Listings
- 26.7% Closed Sales
22
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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Neptune Beach
- 26.7%
- 62.5%
- 20.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 22
January
New Listings
Year to Date
2018
2019
+/–
2018
2019
+/–
15
11
- 26.7%
15
11
- 26.7%
Closed Sales
8
3
- 62.5%
8
3
- 62.5%
$448,900
$355,000
- 20.9%
$448,900
$355,000
- 20.9%
Percent of Original List Price Received*
96.4%
95.6%
- 0.8%
96.4%
95.6%
- 0.8%
Percent of Properties Sold Over List Price*
25.0%
0.0%
- 100.0%
25.0%
0.0%
- 100.0%
82
38
- 53.7%
82
38
- 53.7%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
33
37
+ 12.1%
--
--
--
Months Supply of Inventory
3.3
4.1
+ 24.2%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January
2018
Year to Date
2019
15
2018
2019
15 11
11 8
8 3
- 26.7% New Listings
3 - 62.5% Closed Sales
- 26.7% New Listings
- 62.5% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Neptune Beach
a
+ 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Atlantic Beach
+ 5.9%
- 33.3%
+ 17.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 23
January
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
34
36
+ 5.9%
34
36
+ 5.9%
21
14
- 33.3%
21
14
- 33.3%
$365,000
$430,375
+ 17.9%
$365,000
$430,375
+ 17.9%
Percent of Original List Price Received*
95.7%
94.5%
- 1.3%
95.7%
94.5%
- 1.3%
Percent of Properties Sold Over List Price*
9.5%
0.0%
- 100.0%
9.5%
0.0%
- 100.0%
87
90
+ 3.4%
87
90
+ 3.4%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
99
93
- 6.1%
--
--
--
Months Supply of Inventory
4.1
4.1
0.0%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January 34
2018
Year to Date
2019
36
2018
36
34 21
21 14
+ 5.9% New Listings
2019
14
- 33.3% Closed Sales
+ 5.9% New Listings
- 33.3% Closed Sales
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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
North Beach / Mayport
- 52.6%
0.0%
- 10.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 24
January
New Listings
Year to Date
2018
2019
+/–
2018
2019
+/–
19
9
- 52.6%
19
9
- 52.6%
Closed Sales
7
7
0.0%
7
7
0.0%
$185,000
$165,000
- 10.8%
$185,000
$165,000
- 10.8%
Percent of Original List Price Received*
101.6%
94.7%
- 6.8%
101.6%
94.7%
- 6.8%
Percent of Properties Sold Over List Price*
42.9%
0.0%
- 100.0%
42.9%
0.0%
- 100.0%
76
52
- 31.6%
76
52
- 31.6%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
31
11
- 64.5%
--
--
--
Months Supply of Inventory
3.4
0.9
- 73.5%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January
2018
Year to Date
2019
19
2018
2019
19
9
7
- 52.6% New Listings
9
7
7
0.0% Closed Sales
- 52.6% New Listings
0.0% Closed Sales
7
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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley
+ 8.3%
+ 7.9%
+ 10.4%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 26
January
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
84
91
+ 8.3%
84
91
+ 8.3%
38
41
+ 7.9%
38
41
+ 7.9%
$427,250
$471,500
+ 10.4%
$427,250
$471,500
+ 10.4%
Percent of Original List Price Received*
92.8%
93.8%
+ 1.1%
92.8%
93.8%
+ 1.1%
Percent of Properties Sold Over List Price*
7.9%
0.0%
- 100.0%
7.9%
0.0%
- 100.0%
Days on Market Until Sale
136
82
- 39.7%
136
82
- 39.7%
Inventory of Homes for Sale
327
316
- 3.4%
--
--
--
Months Supply of Inventory
5.5
5.0
- 9.1%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January 84
2018
Year to Date
2019
91
+ 8.3% New Listings
41
41
38
+ 7.9% Closed Sales
+ 8.3% New Listings
+ 7.9% Closed Sales
2019
91
84
38
2018
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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – January 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra / Nocatee (St. Johns County)
+ 5.2%
+ 8.3%
- 0.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 27
January
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
77
81
+ 5.2%
77
81
+ 5.2%
36
39
+ 8.3%
36
39
+ 8.3%
$379,750
$376,643
- 0.8%
$379,750
$376,643
- 0.8%
Percent of Original List Price Received*
97.9%
97.2%
- 0.7%
97.9%
97.2%
- 0.7%
Percent of Properties Sold Over List Price*
16.7%
10.3%
- 38.3%
16.7%
10.3%
- 38.3%
Days on Market Until Sale
33
84
+ 154.5%
33
84
+ 154.5%
Inventory of Homes for Sale
204
237
+ 16.2%
--
--
--
Months Supply of Inventory
2.8
3.3
+ 17.9%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
January 77
2018
Year to Date
2019
81
+ 5.2% New Listings
39
39
36
+ 8.3% Closed Sales
+ 5.2% New Listings
+ 8.3% Closed Sales
2019
81
77
36
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 February 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.