JACKSONVILLE, Fla. – As summer sets in, the Northeast Florida housing market is continuing to change, and buyers have more choice and slightly more negotiating power, according to the Northeast Florida Association of Realtors (NEFAR).
According to a new report from NEFAR, buyer activity tapered off in June, with fewer new contracts being signed, while sellers gradually entered the market with more measured expectations.
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Across the region, conditions vary by county, NEFAR said, but the broader trend suggests a shift toward a calmer, more balanced market environment.
“While it is a balanced market the seemingly seismic shift from the seller’s market during COVID has consumers realizing that conditions are considerably more favorable for buyers these days”, says NEFAR President Mario Gonzalez.
The median sales price for single-family homes in Northeast Florida’s six-county region stayed at $389,000. This caused the Home Affordability Index* to stay at 66.
In June, closed sales for single-family homes totaled 1,963 transactions, a 3.5% decrease since May. Meanwhile, pending sales were at 1,253, which was a decrease of 34.2%.
In June, there was an active inventory of 9,135 properties. This is also an increase from the previous year, as the number of properties has grown by 15.4% since June 2024. This rise in inventory from 2024 is a positive change for buyers, as they have many options to choose from, NEFAR said.
“Many sellers are taking advantage of current conditions and placing their homes for sale, assuming the conditions will continue to shift more and more towards a Buyer’s Market”, said Gonzalez.
Northeast Florida by County
In Duval County, June showed the median price of single-family homes staying at $330,000. In June, homes in Duval County spent a median of 38 days on the market. There were 995 closed sales, and pending sales fell 32.9% to 652. New listings fell 1.9% to 1413, and there was an active inventory of 4,329 homes—a 4.4-month supply. The Home Affordability Index remained at 78.
In Clay County, in June 2025, the median price for single-family homes decreased by 1.1% from May to $365,000. Homes spent a median of 51 days on the market. Closed sales rose 1% to 291 and pending sales were at 179. New listings dropped 16.8% to 332, while active inventory was at 1,196 homes, representing a 4.1-month supply. The Home Affordability Index rose to 71, indicating slightly increased affordability in the market.
In St. Johns County, the June 2025 median price for single-family homes increased to $577,750, a 5% increase from May. Homes spent a median of 58 days on the market, a 16% increase since the previous month. Closed sales decreased by 9.1% to 490, with pending sales falling by 41% to 276. There were 669 new listings, 14.1% less than May. Active inventory increased by 5.4% to 2,662 homes, representing a 5.4-month supply. The Home Affordability Index was 45, as St. Johns County remains the most expensive county in the region.
In Putnam County, the June 2025 median price of single-family homes rose to $250,250, a 5.1% decrease since May. The median days on the market rose 6.9% to 70 days, reflecting longer sales cycles. Closed sales decreased by 17.3% to 43, while pending sales dropped 41.3% to 27. There were 61 new listings, a 22.8% decrease from May. The active inventory rose by 1.4% to 298 homes, indicating a 6.9-month supply, and the Home Affordability Index rose to 103. Making Putnam the most affordable county in the region once again.
In Nassau County, in June 2025, the median price of single-family homes was $430,000, a 7.4% decrease from May. The median days on the market rose 132.7% to 61. Closed sales were up 4.2% to 125, while pending sales were at 106, and there were 182 new listings. Active inventory rose by 2.4% to 566 homes, a 4.5-month supply. The Home Affordability Index rose to 60, showing an increase in relative affordability.
In Baker County, June showed a decrease in the median home price, rising to $280,000, which is 3.7% higher than May. Home spent a median of 48 days on the market. Closed sales increased to 19, a 46.2% change from May. There were 13 pending sales, and 14 new listings, which was a 51.7% decrease. Active inventory fell 11.6% to 84 homes, providing a 4.4-month supply. The Home Affordability Index saw a decrease of 4.2% to 92.
* 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.
