7801 Deercreek Club Rd., Jacksonville, FL 32256

May 14, 2018

Staff Contact
Melanie Green, Communications Director
Voice (904) 394-9139
Fax (904) 398-8025

2018 NEFAR President
Charles "Ben" Bates
Voice (386) 328-6716

April 2018 Northeast Florida Real Estate Market Results
With a median price of $218,500 and an average price of $269,251, there were 2,441 home sales in April. Homes sold in an average of 63 days.

Jacksonville, Fla. – April 2018 housing market reports are now posted by the Northeast Florida Association of Realtors on NEFAR.com. Except where otherwise indicated, statistics reflect combined results for single-family residential and condominium properties.

As April came to a conclusion, 2,441 homes brokered by members of the Northeast Florida Association of Realtors had changed hands. This number was down 2.4 percent from 2,502 sales last April. There were 2,998 pending sales, or 10.6 percent more than a year ago.

The median sales price for the month was $218,500 and the average price was $269,251. These figures were 9.3 and 9.9 percent higher than a year ago, respectively.

With robust competition for available homes in a market with short supply, 13 percent of sales went for prices above the original listing price.

Homes sold in an average of 63 days, down from 75 days in April 2017.

Months’ supply of inventory is at 3.4, or 12.8 percent less than a year ago. This equates to 8,264 homes on the market for sale, including the 3,810 new listings that were added during the month.

2018 NEFAR President Ben Bates said, “Despite more sellers entering the market the past couple of months, sales remain strong and inventory continues to be well below the five- to six-months that is considered a balanced market.”

For these and numerous other real estate market statistics, take advantage of the FREE market reports available on the Market Stats tab of NEFAR.com.Three reports are available: 1) The Monthly Indicators and Housing Supply Overview Report summarizes complete activity for NEFAR's entire service area plus *partial information for St. Johns County and Nassau County. 2) Lender Mediated sales reports offer a targeted look specifically at lender mediated sales and how they compare to traditional sales. 3) Annual Reports - 2011 through 2016 are available - give an extensive year in review, with comparisons from the four preceding years included.

*As all Nassau and St. Johns County Realtors are not participants of the NEFMLS; reports provided do not represent the full extent of Realtor sales in those counties.

The Northeast Florida Association of Realtors provides professional development, political advocacy, professional standards administration, media relations, and promotional activities and exchange of information among its members. NEFAR serves as the voice for real estate in northeast Florida; serving the public through efforts to protect private property rights and community affairs programs. NEFAR is Northeast Florida's largest professional association, comprising more than 8,000 members working in all facets of the real estate industry, including residential and commercial sales as well as property management. All statistics in NEFAR's reports are based on data compiled from NEFAR's wholly owned subsidiary, the Northeast Florida Multiple Listing Service (NEFMLS). NEFAR is headquartered in Jacksonville, with satellite Service Centers in Orange Park, Jacksonville Beach, Palatka and World Golf Village.