While the median price of a single-family home hit a record high in Northeast Florida in June, the real estate market is showing signs of slowing, according the Northeast Florida Association of Realtors June sales research.
“Although the median price of single-family homes rose 1.3% over the region to $405,000, other factors indicate that the market has stabilized and that interest rates that hover around 7% may be finally catching up with buyers,” NEFAR said July 11 in a news release.
NEFAR reports monthly home sales in Baker, Clay, Duval, Nassau, Putnam and St. Johns counties.