Northeast Florida Market Stats | March 2025

“Being deeply loved by someone gives you strength, while loving someone deeply gives you courage.” Lao Tzuo

Mothers are an amazing source of love, and I wish all mothers a happy Mother’s Day May 11^th!

The latest data from the Northeast Florida Association of Realtors reflects a market that continues to shift in favor of buyers, prices are still slightly lower than last year, and inventory continues to increase.

Market Highlights-March 2025

• Median Sales Price: $333,245 — a slight increase from February, but down 4.0% compared to March 2024.
• Closed Sales: 2,382 closings in March — a strong 25.2% increase from February, though still 13.3% lower year-over-year.
• Pending Sales: 2,130 pending contracts — down 9.9% from February and 21.7% from this time last year.
• Active Inventory: 11,443 homes on the market — an 8.7% increase from February and up a significant 63.4% from March 2024.

The current supply stands at 4.8 months, down from 5.5 months the previous month.

A recent Realtor.com survey found that 79% of potential sellers are considering listing due to necessity. Here’s a breakdown of their top reasons:

•  34% need more space
• 25% are downsizing
• 21% are moving for family
• 18% are responding to life events (marriage, children, divorce)
• 15% are relocating for work
• 10% are facing affordability challenges

While sellers may no longer see the peak prices of recent years, many still have substantial equity gains. Meanwhile, buyers benefit from increased inventory, more negotiating power, and greater choice than we’ve seen in some time.

If you are considering buying, selling or renting, we would love to help you explore your options and achieve your real estate goals.