Northeast Florida Housing Market Shifts: Stability Amid Slowing Sales
Explore the evolving housing market in Union County, as rising inventory and prices signal shifts towards buyer stability in 2025.
Northeast Florida Housing Market Shifts: Stability Amid Slowing Sales
The housing scene in Northeast Florida is entering a new chapter as slow sales and a cooling market signal stability, according to Jacksonville.com. July 2025 saw the median sales price for single-family homes in the region hold steady at $389,000—the same as June. This has kept the Home Affordability Index at 66. While some areas are experiencing a drop in home prices, inventory levels are on the rise, which could be good news for buyers looking for options.
With homes linger in the market longer than in previous years, the frenzy of bidding wars is becoming less common. In June 2025, active listings surged to 9,135, representing a 15.4% increase from the previous year. However, homes are seeing a longer time on the market, averaging 46 days—up 24.3%—before selling. This shift from a seller’s market is giving buyers a bit more breathing room.
Trends in Different Counties
Real estate agents, including Jonathan Daugherty from the Northeast Florida Association of Realtors (NEFAR), are noting the changing dynamics in the local market. As News4Jax reports, the Jacksonville area has shifted noticeably towards a buyer’s market, thanks to increased inventory. While the median sales price increased by 2.9% since March, reaching $389,000, the Home Affordability Index fell slightly to 67.
Different counties are showcasing varied performance within this evolving landscape. Putnam County remains notably affordable with a Home Affordability Index of 103, compared to St. Johns County, which has the least affordability at 45. Here’s a quick snapshot:
| County | Median Home Price | Days on Market | Home Affordability Index |
|---|---|---|---|
| Duval | $330,000 | 38 | 78 |
| Clay | $365,000 | 51 | 71 |
| St. Johns | $577,750 | 58 | 45 |
| Putnam | $250,250 | 70 | 103 |
| Nassau | $430,000 | 61 | 60 |
| Baker | $280,000 | Not specified | 92 |
Clay and Nassau counties have also seen home prices creep up lately, partly driven by the influx of new construction projects. In fact, Daugherty highlighted that there are currently no new construction homes available in Duval County, making the existing home inventory all the more crucial for potential buyers.
Looking Forward
As the market continues to settle into this new equilibrium, affordability remains the name of the game. The presence of new construction homes offering favorable interest rates—some as low as 3.99% for 30-year fixed mortgages—may keep prices from plummeting further. However, the question remains: will high monthly mortgage payments keep potential buyers at bay?
According to local reports, some newcomers to the area, like Hope Marini from Hawaii, have found success in navigating these shifts, achieving good deals on new homes. As the chart above indicates, there’s still opportunity for buyers, especially in more affordable enclaves like Baker and Putnam counties.
In conclusion, a period of market stability may be upon us in Northeast Florida, with buyers increasingly having the upper hand. As more inventory hits the market and prices adjust, both sides can find something to smile about. It’s a lively time indeed for anyone who’s eyeing a move!