Drew Dixon
It was a mixed bag of housing sales in February for the six-county region covered by the Northeast Florida Realtors Association of Realtors (NEFAR).
Officials with the association are spinning the February housing sale figures as a rebound from sluggish January and holiday season numbers. But half of the six counties in the region saw decreases in median sales price in February.
Overall, the region’s median home sales price saw a modest increase of 2.8% compared to January. The price included an increase to $385,000 in February.
The number of closed housing sales in February did see a notable spike compared to January. Northeast Florida witnessed a 31% increase in closed home sales, ending at 1,491 for the month.
New listings of homes for sale also saw a notable spike of 3,359 homes placed on the market. That’s a 23% increase in Northeast Florida.
“All of this points to a rebounding market, in part due to the cuts in the interest rates,” said Rory Dubin, President of NEFAR. “Northeast Florida remains an attractive destination for families, retirees, investors, and corporate relocations as well as commercial properties due to our unmatched infrastructure that includes an international port and airport, railway system, and excellent roads.”
The Northeast Florida county-by-county breakdown for home sales in February included:
— Duval County, Northeast Florida’s largest population, did see a notable 8.8% increase in the median sale price for homes compared to January. That figure increased to $348,025.
— Putnam County was the hottest Northeast Florida market in February, with a median home sale price coming in at $245,000. That’s a solid 20% increase over January.
— Nassau County was the other Northeast Florida county with a jump in median sales price, arriving at $461,250. Nassau saw one of the highest increases in median sales price for homes in 2023. But February’s median sales price increase was only a 1.4% upswing from January.
— St. Johns County, one of the fastest growing counties in the U.S., still has the highest median sales price for homes in Northeast Florida, coming in at $499,995. But that’s a slight decrease in value, falling by 3.7% compared to January.
— Baker County registered the biggest Northeast Florida decline in median home sale prices in February. Baker County’s figure fell by 6.7% compared to January, settling in at $249,000.
— Clay County also saw a modest decline of 4.4% compared to January, arriving at $348,950.
