According to the latest report from the Northeast Florida Association of Realtors for June, the number of homes sold in Jacksonville dropped on a month-over-month basis, but that didn’t keep prices from continuing to rise.
The median sales price was the highest since 2009 at $158,000 with the average sales price the highest since late 2008 at $204,868. However, Jacksonville new homes are still bringing in significantly more money. In fact, the median sales price for new single family homes was $239,127, which is a $100,000 increase over the sales price for existing homes. New townhomes also experience a similar gap, selling for $87,000 more on average than existing townhomes.
Other positive indicators for the Jacksonville real estate market include the fewest days on market since January 2007 at 82 days, an inventory decrease to 7,982 home and increases in pending and closed sales on a year-over-year basis.
The Northeast Florida Association of Realtors is the largest trade/professional organization in northeast Florida with more than 5,000 Realtors and industry partners in Duval, Clay, Putnam and St. Johns counties.