With the number of homes on the market continuing to fall, home sales in Northeast Florida dropped off last month, falling below the totals sold in March or in April 2016. But the price are going up, according to the Northeast Florida Association of Realtors’ monthly report.
The median sales price rose to $195,990, almost $16,000 more than a year earlier. It’s also the second-highest price since June 2008. Sales prices tend to rise each summer with the prime moving season then slide back down in fall and winter.
The average sales price also rose to $242,692, up more than $17,000 over a year earlier and the highest since June 2008.
A total of 2.294 homes were sold in Apri, according to NEFAR. That’s 300 fewer than in March and 179 fewer than April 2016. The number of pending sales, where contracts have been signed but not closed, was down 87 from March. But the 2,779 signed in April was still the second most since NEFAR began keeping tabs in 2003.
Meanwhile, the number of homes on the market has continue to fall. The 8,348 homes that were for sale last month was 18 percent fewer than in March and 20 percent fewer than in April 2016. It’s also the lowest number since late 2005.
Roger Bull: (904) 359-4296