The median price of a single-family home in Northeast Florida fell 3.7% in August from July, the largest month-over-month decline since January 2020, according to a report from the Northeast Florida Association of Realtors.
The median price of $383,990 in the six-county region of Baker, Duval, Clay, Putnam, Nassau and St. Johns was up 0.4% from a year ago. In January 2020, home prices fell 4.2%.
Meanwhile, the number of homes on the market continues to climb. The active inventory of 7,713 homes was up 4% from July and up 84.3% from a year ago. It represents a 4.3-month supply, up 13% from July and 102.7% from a year ago.