May 20, 2019
Melanie Green, Communications Director
Voice (904) 394-9139
2019 NEFAR President
Northeast Florida's April Real Estate Wrap-Up
2,889 homes change hands. Average sales price of $276,712 is the largest since June 2018; median price lower at $225,000.
Jacksonville, Fla. – April 2019 housing market reports for Northeast Florida are now available from the Northeast Florida Association of Realtors NEFAR.com. Except where otherwise indicated, statistics reflect combined results for single-family residential and condominium properties.
April was a busy month for real estate activity in Northeast Florida, with 2,889 homes being sold. This figure is a 6.5% uptick from a year ago, and the largest number of monthly sales since August 2018. There were also 3,171 pending sales; those on which a contract has been written but did not close. The pending sales activity was a 5.8% increase from a year ago.
The median sales price of $225,000 was up 2.3% from a year ago, but was down from $229,900 in March. The average sales price was significantly higher at $276,712, the largest average sales price since $280,880 in June 2018.
Homes sold quickly in April, with 67 days on market being the average.
A reduced inventory continues to be a major factor in the market, with only 3.6 month’s supply on hand.
2019 NEFAR President Jeanne Denton-Scheck said, “Sellers are finding that their properties are selling very quickly and pricing is robust. In April, 14.3% of homes sold by NEFAR member Realtors were for more than the original list price.”
For these and many other real estate market statistics, take advantage of the FREE market reports available NEFAR.com. Three categories 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 reports provide a targeted look at lender-mediated sales and how they compare to traditional sales. 3) Annual Reports, from 2011 through 2018, give an extensive year in review, with comparisons from the four preceding years included.
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 9,000 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. * 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.
# # #