The Northeast Florida real estate market continues to show signs of stabilization. The Average Median Sales Price and Price per Sq. Ft. had a slight decrease from August. 

Active Inventory and Days on Market increased by 13% and 18% respectively from last month, indicating that tight inventory supply is easing up, giving buyers more choices and a bit more time to make purchase offers.   

The uncertainty of the Fed’s future actions with interest rates has caused the real estate market to slow, however, housing is still in demand in Northeast Florida and local experts believe our market may eventually shift towards more affordability.  

(Note: If your buyers need assistance with a down payment, realMLS members have access to Down Payment Resource. DPR connects eligible properties and eligible buyers to down payment assistance programs.)