JACKSONVILLE, Fla. \u2014 In July, the Northeast Florida housing market showed signs of cooling, with a decrease in buyer activity and a more deliberate pace of sales.<\/p>\n
The median sales price for single-family homes in the region rose slightly to $394,000, while the Home Affordability Index remained at 66. <\/p>\n
Closed sales for single-family homes totaled 1,849 transactions, marking a 9.4% decrease from June. Pending sales also saw a significant drop of 28.9%.<\/p>\n
\u201cBuyers who were unsuccessful in buying a home during the strong seller\u2019s market of the COVID years have been begging for a market shift towards these exact conditions,\u201d said NEFAR President, Mario Gonzalez.<\/p>\n
The Northeast Florida housing market is experiencing a shift towards a more balanced environment, with properties spending longer on the market compared to earlier in the year. This change is giving buyers more choices and room to negotiate.<\/p>\n
In July, there were 2,613 new listings, which represented a 4.3% drop from the previous month. However, the active inventory of properties increased by 10.7% from the previous year, with 8,882 properties available. This rise in inventory is a positive change for buyers, as they have more options to choose from.<\/p>\n
The median number of days on the market for properties was 43, indicating a slower pace of sales.<\/p>\n
\u201cThese conditions are much more representative of a balanced market, and experienced realtors can help buyers and sellers navigate much more successfully than trying to go it alone in these waters,\u201d added Gonzalez.<\/p>\n
>>> STREAM ACTION NEWS JAX LIVE <\/b><\/a><\/p>\n [DOWNLOAD: <\/b>Free Action News Jax app for alerts as news breaks<\/b><\/a>]<\/b><\/p>\n [SIGN UP: <\/b>Action News Jax Daily Headlines Newsletter<\/b><\/a>] <\/b><\/p>\n Click here<\/b><\/a> to download the free Action News Jax news and weather apps, <\/b>click here<\/b><\/a> to download the Action News Jax Now app for your smart TV and <\/b>click here<\/b><\/a> to stream Action News Jax live.<\/b><\/p>\n Action News Jax Top Stories<\/p>\n","protected":false},"excerpt":{"rendered":"JACKSONVILLE, Fla. \u2014 In July, the Northeast Florida housing market showed signs of cooling, with a decrease in…\n","protected":false},"author":3,"featured_media":132757,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5136],"tags":[7320,5229,80427,7323,3188,723,7324,8166,7310,7327,7325,7326,67,586,132,5230,68,2969,7322,7321],"class_list":{"0":"post-132895","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jacksonville","8":"tag-action-news-jax","9":"tag-america","10":"tag-buyer-activity","11":"tag-cbs47","12":"tag-fl","13":"tag-florida","14":"tag-fox30","15":"tag-housing-market","16":"tag-jacksonville","17":"tag-jacksonville-fl","18":"tag-northeast-florida","19":"tag-southeast-georgia","20":"tag-united-states","21":"tag-united-states-of-america","22":"tag-unitedstates","23":"tag-unitedstatesofamerica","24":"tag-us","25":"tag-usa","26":"tag-wfox","27":"tag-wjax"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115001335747306752","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/132895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=132895"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/132895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/132757"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=132895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=132895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=132895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}