Northeast Florida Mid-Year Market Update
It’s hard to believe that the long and unscheduled days of summer are coming to a close. Hopefully, you enjoyed some summer travel, as well as leisurely days with friends and family. The local real estate market also embraced summer’s slower pace after closing out spring sales, which is traditionally the busiest season for transactions. After wrapping up the peak months for closed sales locally in May and June this year, Northeast Florida relaxed into a market cool down.
Activity certainly hasn’t halted, but the market is recalibrating. You may remember that in our last market update, we noted that the region was moving toward a more balanced market. That trend has continued and we have shifted further towards a buyer’s market after multiple years in a strong seller’s market.
“Buyers who were unsuccessful in purchasing a home during the strong seller’s market of the COVID years have been hoping for exactly these conditions,” says NEFAR President Mario Gonzalez.
We are seeing more concessions at closing, price reductions, and patient buyers who are taking their time to find the right home and deal. While some properties still go under contract quickly — occasionally with multiple offers — the larger landscape paints the picture of greater choices for buyers and increased competition amongst sellers.
Northeast Florida
Year over year, new listings have decreased by -5.3% in the broader Northeast Florida market compared to total active inventory being flat (down less than 1% to this same time last year). The average list price is down about 1% and the median days on market is hovering around 48 days. Sellers are aware of softening market conditions and are delaying bringing their home to market, or at least taking a more cautious approach. Properly preparing, staging, and pricing your home is more critical than ever for a successful — and quick — sale!
Clay County
Clay County saw a higher number of new listings in July 2025 (+8.8% YoY), bringing the total active inventory to an approximately 4.5-month supply. A truly balanced market that equally benefits buyers and sellers is around 5-6 months of inventory so Clay Country is a great representation of the recent shift to center. The area is also experiencing added days on market (43 median DOM) and the current median single-family home price is currently $369,485, which is up +1.2% from last month.
Clay County is poised for even further growth thanks to the recent opening of another section of the new expressway, creating easier access and commutes, and a boom in new construction activity, especially around Lake Asbury.
Jacksonville
As a large, world-class city with a diverse urban environment, Jacksonville housing trends vary neighborhood by neighborhood. Overall, inventory levels are rising across the city, while pricing is more variable based on location. Some neighborhoods have experienced small price declines compared to summer last year, while others have remained stable or seen modest growth. On average, homes are selling for about 98% of list price so buyers who find the right house and are ready to act, continue to put forward strong offers.
Remember that real estate is hyper local. If you are considering selling, we can help you take a look at the specifics for your house and neighborhood to develop a personalized plan that will set you up for success. If buying is on the horizon, we can give you a download on current market conditions in your target areas as well as make recommendations on the best offer strategy.
Reach out anytime with any questions. It’s always a pleasure hearing from you. We love being Northeast Florida’s go-to resource for all things real estate.
— Gavin & Ashley