More Inventory Gives Buyers More Choices
In November, we saw a slight increase in Median Sales Price of 6.15% over last year, with a slight decrease from October 2022. This data, paired with increased Active Inventory and Median Days on Market, points to a more stabilized real estate market for Northeast Florida.
Despite increased interest rates, the lack of inventory over the past few years has created strong demand, making this still a great time to sell. Buyers are still eager to find a home and the increase in Median Days on Market and Active Inventory helps them feel more comfortable doing so.