Northeast Florida realtors report stabilizing housing market with steady price growth

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NEFAR News

Duval County,St. Johns County,Putnam County

The Northeast Florida Association of Realtors October Market Statistics report revealed a trend of increased inventory and moderate price growth, signaling a stabilizing market.

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“The market in Northeast Florida was continuing to see the effects of both interest rates and the upcoming election in October,” 2024 NEFAR President Rory Dubin said. “This resulted in increased days on market, increased inventory slightly lower closed sales, and a lower median price that dropped below $400,000.”

The active inventory of single-family homes rose by 10.7% to 7,839 properties marking a 73.9% increase compared to October 2023.

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