The median price of a single-family home in Northeast Florida rose 1.1% in August while the inventory of homes for sale increased 1.1%, according to the Northeast Florida Association of Realtors.
NEFAR supplies monthly home sales data for Baker, Clay, Duval, Nassau, Putnam and St. Johns counties.
The August median price of $398,995 is up 3.9% from August 2024. The record is $403,000 in May 2024.
There is a five-month supply of homes in the region, with the active inventory growing 1.1% from 8,526 to 8,619 homes. In May, the active inventory was 8,881, the high so far for 2025.
Closed sales dropped 9.9% to 1,730 compared with 1,920 in July. Pending sales fell 31.8% in August to 1,227 from 1,799 in July.
The Home Affordability Index remained steady at 66 for the past three months. The closer the index is to 100, the more able a family with an average income is to afford to buy a house. That is based on interest rates, median income and median home prices.
Building permits
The Northeast Florida Builders Association reported 790 permits for single-family homes in August, an increase of 1.67% from 777 in July.
Issued permits are down 22.16% compared to the 1,015 issued in August 2024.
Since January, NEFBA says 6,232 permits have been issued, down 30.9% from 9,020 over the same period a year ago.
NEFAR’s August breakdown by county:
Baker: The median price fell 10.3% to $281,990. Closed sales dropped to 18 from 20 in July. Active inventory rose 16.9% to 83. The months supply is 4.6.
Clay: The median price decreased 2.8% to $359,000. Closed sales fell by 22.8% to 206. Active inventory increased 3.2% to 1,188. The months supply is 5.8.
Duval: The median price rose 4.5% to $340,000. Closed sales fell 9.8% to 889. Active inventory rose 3.8% to 4,197. The months supply is 4.7.
Nassau: The median price climbed 5.4% to $490,000. Closed sales dropped 13.9% to 99. Active inventory decreased by 5.8% to 508. The months supply is 5.1.
Putnam: The median price rose 0.8% to $252,000. Closed sales fell by 9.3% to 39. Active inventory dropped 1% to 290. The months supply remained steady at 7.4.
St. Johns: The median price decreased 7.4% to $550,000. Closed sales dropped 2% to 479. Active inventory decreased 3% to 2,353. The months supply is 4.9.