Pending home sales in Northeast Florida decreased by nearly one-third in April compared with March, while prices also dipped, according to data collected by the Northeast Florida Association of Realtors.
NEFAR listed 1,356 pending sales in April in the six-county region of Baker, Clay, Duval, Nassau, Putnam and St. Johns, down 31.7% from 1,985 in March.
After two straight months of increases, the median price of a home dropped by $5,000 to $390,000, a 1.3% decrease from March but a 0.4% increase from April 2025.
Compared with March, April listings increased by 1.7% to 2,755. Active inventory grew 10.7% to 7,098, and the region had a 14.6% increase to 3.8 months supply of inventory.
Closed sales fell 3.4% to 1,845, but the median number of days homes were on the market dropped 12.5% to 35.
“Although pending sales slowed, homes are still moving relatively quickly, showing that motivated buyers remain active in the market,” NEFAR President Kim Knapp said in the release.
For the second straight month, the Home Affordability Index was 86. The closer the index is to 100, the more an average family is able to afford to buy a house based on 30-year fixed mortgage interest rates, median income and median home prices.
Knapp said the April numbers “continue to reflect a market that is stabilizing and becoming more balanced across Northeast Florida.”
“Buyers are seeing more options and greater flexibility, while sellers are still benefiting from steady activity. As inventory grows and affordability continues to influence decisions, we are seeing a healthier pace emerge across the region,” she said.
Baker: Median sale price was $270,990, down 17.9%. Closed sales were down 28.6% to 15. Active inventory was 86. Months supply was 5.7.
Clay: Median price was $365,000, up 0.3%. Closed sales were up 6.5% to 295. Active inventory was 1,018. Months supply was 3.5.
Duval: Median price was $332,500, up 0.3%. Closed sales were down 7.2% to 910. Active inventory was 3,395. Months supply was 3.7.
Nassau: Median price was $463,770, up 0.8%. Closed sales were down 6% to 110. Active inventory was 465. Months supply was 4.2.
Putnam: Median price was $289,000, up 52.9%. Closed sales were steady at 33. Active inventory was 241. Months supply was 7.3. The median price change came after the amount plunged to $189,000 in March after being well above $200,000 since at least April 2025.
St. Johns: Median price was $587,000, up 7.3%. Closed sales were up 0.2% to 482. Active inventory was 1,893. Months supply was 3.9.
The number of building permits for single-family homes continued to increase, although totals remained off from 2025.
In April, 825 permits were issued in Clay, Duval, Nassau and St. Johns counties, according to the Northeast Florida Builders Association’s monthly report. There were 601 permits issued in January, 676 in February and 727 in March.
A total of 2,829 permits have been issued this year. During the same period in 2025, the total was 3,071.
Every county but St. Johns showed an increase from March to April. Building permits in St. Johns fell last month by 13 to 240.
“I would say we are still cautiously optimistic,” said NEFBA President Scott Brannock in a text.
“I think we would get a true picture of the market come early fall to make sure we recover from the midsummer dip and come out stronger than we did in the spring.”