The U.S. housing market remains robust, with strong activity reported
across both rental and residential housing fronts.  The Median Sales Price is up 18% compared to October of last year.  99.4 % of homes listed received their asking price this month, an increase of 1.3% from October of the prior year and Average Days on Market has decreased by 49% from the same time in 2020.

The October Affordability Index for Northeast Florida was at 124 down by almost 10% from last year meaning that homes are more expensive and the region is becoming less affordable. However, the historic low-interest rates are still driving buyer activity to a frenzied pace.

For more market statistics – check out our archived monthly Market Stats along with our InfoSparks Charts and our Market Indicators Reports. Keeping you In The Know™ .