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Housing market stabilizing to close out November - Jacksonville Business Journal

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Housing market stabilizing to close out November

The report said the price of single-family homes in NEFAR's six-county decreased by 2% from October to November, part of a typical seasonal drop, according to the Northeast Florida Association of Realtors report said.The number of days on the market increased 18.4% to 45 days for single-family homes. Active inventory rose 1.5% to 5,503 houses and new listings of single-family homes, condos, and townhouses in the month of November fell 23.5% to 2,812 listings.

The report said the November median price of a single-family home in Duval County was $325,000, a slight dip from October's figure of $332,000. Compared to October, closed sales decreased 28.6% to 685 and new listings dipped by 22.3% to 1,321, the report said. The county's active inventory of 2,738 homes jumped by 5.7% from October.

NEFAR reported November single-family home prices in St. Johns County fell by 4.3% to a median price of $529,990, with a median of 46 days on the market, the report said. Active inventory decreased by 5% to 1,277 homes compared to October. Clay County's median price of single-family homes rose by .5%, to $359,363, in November for single-family homes. Over the same period, Nassau County's November median prices increased by 2.5%, to $417,513.Value of homes & lots sold 7/1/2021 - 6/30/2022

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