Northeast Florida’s housing market continued to normalize in April as the region saw steady buyer activity alongside growing inventory, creating a more balanced landscape for both buyers and sellers. Market conditions reflected a shift toward greater opportunity and flexibility, with increased housing options across the six-county area and continued variation in performance at the county level. As the spring market progresses, Northeast Florida remains positioned for measured activity as consumers adjust to evolving affordability conditions and changing market dynamics.
“April’s numbers continue to reflect a market that is stabilizing and becoming more balanced across Northeast Florida,” said Kim Knapp, president of the Northeast Florida Association of Realtors (NEFAR). “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.”
In April, the median sales price for single-family homes in Northeast Florida’s six-county region fell 1.3% to $390,000. The Home Affordability Index in the region remained at 86. Closed sales for single-family homes totaled 1,845 transactions, a 3.4% decrease from the previous month.
Meanwhile, pending sales were at 1,356, falling 31.7%. There were 2,755 new listings in the month of April, a 1.7% increase from March. There was an active inventory of 7,098 properties, an increase of 10.7%. The median number of days on the market was 35, a 12.5% decline.
“In April, prices softened slightly while inventory continued to grow, giving buyers more choices across the region,” said Knapp. “Although pending sales slowed, homes are still moving relatively quickly, showing that motivated buyers remain active in the market.”
In St. Johns County, the April median price for single-family homes increased by 7.3% to $587,000. Homes spent a median of 32 days on the market, a 31.9% dip from the previous month.
Closed sales were at 482, a 0.2% increase, with pending sales at 339. There were 746 new listings. Active inventory was at 1,893 homes, representing a 3.9-month supply. The Home Affordability Index fell to 57, as St. Johns County remains the most expensive county in the region.
In Duval County, April showed the median price of single family homes was $332,500. Homes in Duval County spent a median of 33 days on the market, a 7.1% decrease from the month prior.
There were 910 closed sales, which was a decrease of 7.2%, and 691 pending sales. New listings rose 3.2% to 1,370, and there was an active inventory of 3,395 homes — a 3.7 -month supply. The Home Affordability Index remained at 101.
The Home Affordability Index measures housing affordability for the region. In other words, it measures whether a typical family earns enough to qualify for a mortgage on a typical home, based on current interest rates, median income and median home prices. A higher number means greater affordability. This index measures affordability factors for all homebuyers making a 20% downpayment.
An index of 100 is defined as the point where a median-income family has the exact amount of income needed to purchase a median-priced existing home. An index value over 100 means that the family has more than enough income, while a value below 100 means that a family doesn’t have enough income to qualify for a mortgage loan.
Source: Northeast Florida Association of Realtors.
