The Northeast Florida housing market continued to evolve in February as activity increased across the region while inventory levels expanded and affordability pressures persisted for many buyers.
Market movement varied by county, with some areas experiencing stronger sales activity and rising prices while others saw slight cooling. Changes in listing activity, time on market and affordability highlight a market that remains active but increasingly balanced as buyers and sellers adjust to current conditions.
“With more homes available and buyers taking a little more time to make decisions, we are seeing a more balanced environment emerge across Northeast Florida,” said NEFAR President, Kim Knapp. “Inventory growth is giving buyers more options, while sellers are still seeing movement when homes are priced and positioned well. The overall picture is one of a market that remains active while gradually moving toward greater stability.”
In February, the median sales price for single-family homes in Northeast Florida’s six-county region rose 5.3% to $388,500. The Home Affordability Index in the region fell to 88.
In February, closed sales for single-family homes totaled 1,469 transactions, a 26.7% increase from the previous month. Meanwhile, pending sales were at 1,232. There were 2,282 new listings in the month of February, an 8.9% increase from January. There was an active inventory of 6,667 properties, an increase of 3.8%. The median number of days on the market was 50.
“In February we saw stronger sales activity and a modest rise in median prices, reflecting continued demand for homes across our six-county region,” said Knapp. “At the same time, affordability remains a concern for many buyers. With inventory continuing to expand and homes spending about 50 days on the market, we are seeing a more balanced pace take shape.”
In Duval County, February showed the median price of single family homes was $326,000, a 4.8% increase from January. Homes in Duval County spent a median of 44 days on the market, a 5.4% decrease from the month prior.
There were 745 closed sales, which was an increase of 22.9%, and 626 pending sales. New listings fell 10.1% to 1,182, and there was an active inventory of 3,276 homes, a 4.4 -month supply. The Home Affordability Index fell by 4.5% to 105.
In St. Johns County, the February 2026 median price for single-family homes decreased by 3.2% to $542,000. Homes spent a median of 59 days on the market, a 6.3% dip from the previous month. Closed sales were at 393, with pending sales at 312, 29.1% less than January. There were 600 new listings.
Active inventory was at 1,692 homes, representing a 4.3-month supply. The Home Affordability Index was 63, 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, 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.
