June 14, 2019
Melanie Green, Communications Director
Voice (904) 394-9139
2019 NEFAR President
May Home Sales Exceed 3,000
3,091 homes sold in May in an average of 66 days with a $232,000 median sales price.
Jacksonville, Fla. – Local May 2019 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.
Closed sales in May reached 3,091, which was the first time since June 2018 that sales have exceeded 3,000 (the June 2018 figure was nearly identical at 3,092 sales). Last month’s (April) sales were not far below, coming in at 2,951.
Median sales price for the month was $232,000, a 3.1% increase over last year. Average sales price was $276,429, a 1.6% increase from a year ago.
Inventory is still low with only 3.6 months on hand. As a result, competition for available properties drives up prices due to competing offers, and 15.2% of sales in May went for more than their original listing price.
Homes sold in an average of 66 days.
2019 NEFAR President Jeanne Denton-Scheck said, “Spring sales in Northeast Florida have been vigorous, with nearly 3,000 in April and more than 3,000 in May.”
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.
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