March 13, 2019
Melanie Green, Communications Director
Voice (904) 394-9139
2019 NEFAR President
Northeast Florida Homes Sales Picked Up in February
1,956 homes change hands with a median price of $221,000 and average price of $254,765. 12.5 percent of sales go for more than original list price.
Jacksonville, Fla. – February 2019 housing market reports for Northeast Florida 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.
After a slow January, home sales notched up in February, with 1,956 closings taking place. This number was on par with February 2018’s 1,934 sales.
The median sales price for the month was $221,000, up 1.4 percent from last February’s $217,900. The average sales price was higher, at $254,765; a slight drop from $256,648 a year ago.
With buyers competing for a scarcity of available properties, 12.5 percent of sales went for more than the original listing price.
There were 3,351 new listings added to the market in February, but the overall supply of homes for sale was still 3.5 months, far less than the five- to six-months that is considered a balanced market.
Properties sold in an average of 77 days.
2019 NEFAR President Jeanne Denton-Scheck said, “Northeast Florida’s low inventory, coupled with vigorous buyer demand, remains the long-running trend in Northeast Florida, keeping sellers squarely in the driver’s seat.”
For these and many other real estate market statistics, take advantage of the FREE market reports available onNEFAR.com(Market Stats icon). 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.
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