Feb. 14, 2019
Melanie Green, Communications Director
Voice (904) 394-9139
Fax (904) 398-8025
2019 NEFAR President
Voice (904) 868-6996
Sluggish Sales Recorded for Northeast Florida in January
1,590 sales take place with a median price of $206,000 and average price of $240,463. Days on market average was 71 days.
Jacksonville, Fla. – January 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 end-of-year and the holiday bustle, January is typically a sluggish month for home sales, and this year was no exception. There were 1,590 sales, which is a 2.9 percent drop from 1,638 sales in January 2018.
The pace of sales prices also slowed, with the median price of $206,000 being just .5 percent more than a year ago. The average sales price was $240,463; a 1.3 drop from a year ago.
Sales in January took place in an average of 71 days.
Increased activity was seen from 3,267 homeowners, who joined the ranks of home sellers within January. This was a 10.3 percent increase in new listings from the previous January.
Overall inventory ended the month at 8,798, up 7.2 percent from a year ago. The result on months’ supply of homes for sale notched up only slightly, however, from 3.4 months a year ago to 3.5 months on hand this January.
2019 NEFAR President Jeanne Denton-Scheck said, “January saw the smallest number of home sales in Northeast Florida in more than a year. After a record-breaking 2018 with nearly 30,000 sales, the slower pace is not particularly surprising.”
For these and many other real estate market statistics, take advantage of the FREE market reports available on NEFAR.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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