Buyer demand continued to be strong through the end of 2020 in Northeast Florida. RealMLS participants reached a milestone once again and closed over $1 Billion in sales transactions for the month of December! 

Homes that are available for sale are selling quickly. In December, the number of Days on Market was 49 days, a 29% decrease from the same time last year. Sales prices continued to rise by 11% for the Median Sales Price and 15% for the Average Sales Price. Total Closed Sales for December were up by 15% from December of 2019 and Pending Sales were up by 26%. 

The hot housing market is expected to continue into early 2021 due to low interest rates but the need for more sellers still remains.

Click Here for more statistics in December’s Monthly Market Indicators report.