The Northeast Florida housing market continued to evolve in July as conditions remained favorable for buyers while sellers adjusted to a more balanced environment.
With a healthy selection of available homes and properties spending more time on the market than in recent years, buyers had greater flexibility and more opportunities to explore their options. While market activity moderated from the previous month, steady inventory levels continued to support a competitive yet less frenzied market across the region.
“July’s market reflects a healthier balance for both buyers and sellers. Buyers have more choices, more time to make decisions, and greater flexibility than we’ve seen in recent years, while sellers who price and prepare their homes well continue to attract strong interest and sell faster. This is the kind of balanced market that supports long term stability across Northeast Florida,” said NEFAR President Kim Knapp.
In July 2026, the median price for single-family homes across the six-county region decreased by 3.2% to $405,000. Homes spent a median of 30 days on the market. There were 1,841 closed sales, a 15.8% decrease from June, with pending sales decreasing by 31.8% at 1,263. There were 2,435 new listings. Active inventory was at 7,165 homes, representing a 3.9-month supply. The Home Affordability Index increased to 81.
“This data shows a market that is settling into a more sustainable rhythm. Inventory remains healthy, affordability has improved, and buyers have more opportunities than we've seen in several years. Sellers who price their homes competitively and present them well are continuing to find success in this balanced market,” said Knapp.
In Duval County, July showed the median price of single family homes was $335,000, a 4% decrease from June. Homes in Duval County spent a median of 28 days on the market, a 16.7% increase from the month prior.
There were 909 closed sales, which was a decrease of 12.7%, and 624 pending sales. New listings dropped by 6.6% to 1,309, and there was an active inventory of 3,561 homes, representing a 3.9-month supply. Notably, the Home Affordability Index rose to 98.
In St. Johns County, the July median price for single-family homes increased by 1.8% to $589,030. Homes spent a median of 33 days on the market, falling by 4.4% from the previous month. Closed sales were at 524, a 16.6% decrease from June, with pending sales at 304.
There were 525 new listings. Active inventory was at 1,706 homes, representing a 3.3-month supply. The Home Affordability Index fell slightly to 56, as St. Johns County remains the most expensive county in the region.
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.
