The housing market inched toward stabilization with prices dropping slightly and supply increasing in January, according to the Northeast Florida Association of Realtors.
Median sales price of single-family homes in Northeast Florida was $360,000, a 2.7% dip from December. The median number of days on the market in January was 55 days, increasing 14.6% from December. Closed sales fell to 1,074, a 34.9% decrease from December 2022, the report said. The median price of single-family housing in Duval County was $308,000 in January, a decrease from December 2022's median price of $319,945, the report said. The median days on the market in Jacksonville stood at 50 days, a 28.2% increase from December.
The affordability index of the six-county region is 76, though St. Johns County continued to be the least affordable county in the region with an affordability index of 52.
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