7801 Deercreek Club Rd., Jacksonville, FL 32256

Oct. 15, 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

September Tally: Little Change in Northeast Florida Real Estate Market
2,132 homes are sold for $215,000 median price and $256,108 average price. Homes selling briskly with 64 days on market average.

Jacksonville, Fla. – September 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.

No significant changes from previous months were noted in September’s Northeast Florida real estate market. There were 2,132 homes that changed hands, up 5.9 percent from a year ago but down from August’s 2,821 sales.

Nearly 14 percent of the sales were for more than the original listing price.

Median sales price was $215,000, a 2.9 percent increase over September 2017. Average sales price was higher, at $256,108.

There were 3,158 new sellers that listed their home, a 38.2 percent increase over September 2017. Despite that, overall inventory settled at 9,181 homes, equating to 3.6 month’s supply, well below the five- to six-month figure that is considered a balanced market. Of the 9,181 in inventory, there are 5,059 that are listed for less than $300,000 and 2,592 of them are priced below $200,000.

Homes continue to move rapidly, within an average of 64 days.

2018 NEFAR President Ben Bates said, “In this market, potential buyers need to have their financing in place before beginning their home search, to be ready to make an offer quickly when they find a home in which they are interested.”

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 8,400 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.