The Jacksonville region saw closed sales jump, prices and inventory rise slightly, and pending sales and new listings fall in February, data from the Northeast Florida Association of Realtors show.
“With more homes available and buyers taking a little more time to make decisions, we are seeing a more balanced environment emerge across Northeast Florida,” NEFAR president Kim Knapp said in a news release.
“Inventory growth is giving buyers more options, while sellers are still seeing movement when homes are priced and positioned well. The overall picture is one of a market that remains active while gradually moving toward greater stability.”
The median sales price of a single-family home in the Jacksonville region was $388,500 in February, a 5.3% increase over January’s median price of $369,000.
Active inventory grew by 3.8%, increasing to 6,667 homes from 6,420 in January.
Closed sales increased to 1,469, up 26.7% from 1,159 a month earlier.
Median days on the market remained steady at 50.
Pending sales fell 23.0% to 1,232, compared to the previous month’s 1,599.
New listings declined by 8.9% to 2,282, down from 2,505 in January.
After a rise to 5.5 months in January, supply diminished to 4.5 months, an 18.1% decrease.
The Home Affordability Index number is 88, a 5.4% drop from January’s score of 93. The closer the index is to 100, the more able an average family is to afford to buy a house based on 30-year fixed mortgage interest rates, median income and median home prices.
The average Home Affordability Index in 2018 before the COVID-19 pandemic was 140. It remained around that number until 2022 when it dropped to 95. In 2025, it was 78.
The February data from NEFAR showed that when measured by Home Affordability Index, Baker County (138) was the most affordable county in the region, while St. Johns County (63) remains the most expensive.
County by county breakdown
• Duval County: The median price increased 4.8% to $326,000. Closed sales were up 22.9% to 745. There were 626 pending sales, marking a 20.1% drop. Active inventory rose slightly by 1.3%to 3,276 homes. The months supply is 4.4.
• Baker County: The median price fell 37.8%to $249,444. Closed sales rose 20.0% to 12. Active inventory increased 21.7% to 73 homes. The months supply is 6.1.
• Clay County: The median price fell by 4.8% to $349,000. Closed sales rose by 8.2% to 199. Active inventory increased by 2.2% to 930. The months supply is 4.7.
• Nassau County: The median price rose 13.2% to $492,500. Closed sales jumped 66% to 88. Active inventory rose by 2.4% to 479. The months supply is 5.4.
• Putnam County: The median price rose by 18.1% to $270,400. Closed sales increased by 39.1 % to 32. Active inventory rose slightly by 0.5%to 217. The months supply is 6.8.
• St. Johns County: The median price fell by 3.2% to $542,000. Closed sales increased 38.9%to 393. Active inventory grew by 10.4% to 1,692 homes. The months supply is 4.3.
Building permits
The Northeast Florida Builders Association reported 676 permits for single-family homes in February, a 12.5% increase from 601 in January.
St. Johns County permit activity increased 33% with 258 permits issued in February compared to 194 in January.
Duval County reported permits fell to 272 from 295, a dropoff of 7.8%.
Clay County showed a 24.1% increase, to 72 from 58.
Nassau County also posted gains, of 37% to 74 from 54.
NEFBA records building permit activity in Clay, Duval, Nassau and St. Johns counties.
Since January, 1,277 permits have been issued, down from 1,585 issued the same time a year ago, NEFBA said. That is a 19.4% year-to-year decrease.