01/24/2021
Inventory is extremely low. If you are looking to buy, you need to be agressive!
2020 Northeast Florida Home Sales Break All Prior Records! (Full Dec. monthly and 2020 annual reports on NEFAR.com).
Dec. 2020 Highlights:
- 3,187 sales in December, a 15.2% increase over Dec. 2019.
- Median sales price $267,000, 11.3% more than $240K a year ago.
- $331,242 average sales price, up 14.6% from $288,931 in Dec. 2019.
- Months’ supply of homes for sale 1.5, down sharply from 3.2 months’ supply a year ago (balanced market is five- and six-months).
- Percent of properties that sold above the original listing price was 18.6%, 55% higher than Dec. 2019.
- Homes sold in an average of 52 days, 26.8% quicker than 71 days in Dec. 2019.
2020 Annual Highlights:
- 34,932 closed sales, up 8.2% from 32,289 sales the prior year and breaking all prior Northeast Florida sales records!
- $255K median sales price, up 9% from 2019s $233,990.
- $309,001 average sales price, up 11.8% from $276,377 in 2019.
- 40,408 new listings were added to the market, down 1.8% from 41,130 in 2019.
- Inventory of homes at year-end 2020 was 4,549, an extreme drop from 8,569 a year prior.
- 64 days on market until sale average, versus 67 days in 2019.
2021 NEFAR President Missi Howell said, “2020 was a wild ride in many areas, and that certainly included housing sales. Despite the coronavirus raging throughout a large chunk of the year, and Realtors working under substantially different protocols as a result, the end result was a clear demonstration from buyers of the vital importance of housing.”