Northeast Florida’s housing market in August reflected a period of adjustment as buyers and sellers navigated changing conditions across the region. Prices held steady overall, but activity slowed with fewer closed and pending sales, while inventory continued to build compared to last year. Buyers are seeing more choices on the market, though affordability remains a challenge in higher-priced counties. Sellers, meanwhile, are experiencing longer market times and must stay competitive to attract interest. With varying dynamics from county to county, the market continues to evolve in ways that highlight the importance of local knowledge and flexibility.
“Traditionally, the real estate market slows as students head back to school and families settle down,” said Northeast Florida Association of Realtors (NEFAR) President Mario Gonzalez.
The median sales price for single-family homes in Northeast Florida’s six-county region rose 1.1% to $398,995. This caused the Home Affordability Index to stay at 66.
In August, closed sales for single-family homes totaled 1,730 transactions, a 9.9% decrease since July. Meanwhile pending sales were at 1,227, which was a decrease of 31.8%. There were 2,431 new listings in the month of August, a 7.9% drop since the previous month.
In August, there was an active inventory of 8,619 properties. This is an increase from the previous year, as the number of properties has grown by 7.5% since August 2024. This rise in inventory from 2024 is a positive change for buyers, as they have many options to choose from. The median number of days on the market was 45.
“As we continue to remain in this balanced market, there are many advantages for buyers and sellers. Experienced and educated Realtors can guide their customers through these conditions,” said Gonzalez.
In St. Johns County, the August 2025 median price for single-family homes decreased to $550,000, a 7.4% decrease from July. Homes spent a median of 56 days on the market, a 14.3% increase since the previous month. Closed sales were at 479, with pending sales dropping 37.5% To 293. There were 518 new listings, 28% less than July. Active inventory was at 2,353 homes, representing a 4.9-month supply. The Home Affordability Index jumped slightly to 48, though St. Johns County remains the most expensive county in the region.
In Duval County, August showed the median price of single-family homes was $340,000, a 4.5% increase from July. In August, homes in Duval County spent a median of 38 days on the market. There were 889 closed sales and 621 pending sales, both decreases from last month. New listings rose 2.1% to 1,341, and there was an active inventory of 4,197 homes — a 4.7-month supply. The Home Affordability Index fell slightly to 78.
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 higher than 100 means that the family has more than enough income, while a value lower than 100 means that a family doesn’t have enough income to qualify for a mortgage loan.
Source: Northeast Florida Association of Realtors.
