As we are getting closer to Thanksgiving, I want to express my gratitude for your friendship and support. I especially want to thank everyone who supported our 2018 Davidson Cares Clay Day. Because of you, the shoot raised over $52,000 which, with some matching funds, will contribute more than $100,000 to St. Augustine Youth Services and Investing in Kids. This is a substantial increase from the results of our 2017 shoot.

The Northeast Florida Association of Realtors market stats for September 2018 continue to be positive despite many national reports of the housing market shifting from a seller’s market to a more balanced market. Most articles I read about the national real estate market discuss days on market increasing and home sales declining.

An article by Florida Realtors says the median time for a home to go to contract remained stable at 38 days for single-family homes showing the continued strength of the state’s housing market. It is interesting to note that the statewide median sales price for single-family existing homes was $251,610 in September and the National Association of Realtors national median sales price for existing single-family homes was $596,410 in August. It looks like some of the markets around the country might be a little overheated after rapid price increases and need an adjustment.

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The Northeast Florida Association of Realtors market stats for August 2018 continue to show the same trends. Pending sales are up and prices are up. New listings are up but the inventory of homes available for sale is down. The closed sales are about the same as last year.

One indicator of a healthy market is the days a property is on the market until sale. In August, a home stayed on the market 59 days on average which is down 9% from 65 days last August. The number is down 12% comparing the current year to date to the previous year to date. It is a good sign for the market when homes listed receive such a quick positive market response.

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