Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST...

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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts Market Overview 2 New Listings 3 Pending Sales 4 Closed Sales 5 Days On Market Until Sale 6 Median Sales Price 7 Average Sales Price 8 9 10 Housing Affordability Index 11 Inventory of Homes for Sale 12 Months Supply of Inventory 13 Housing Supply Overview Report 14 Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1 Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . + 11.1% Change in Median Sales Price In October, mortgage rates increased slightly from the three-year lows seen in September. While the Federal Reserve reduced the federal-funds target rate by .25%, this decline was widely expected and largely factored into mortgage rates already, which are still approximately 1% lower than this time last year. Fannie Mae is predicting that continued low rates, and possibly lower rates, are expected in 2020. New Listings in the Northeast Florida region increased 2.6 percent to 3,507. Pending Sales were up 6.3 percent to 2,639. Inventory levels fell 11.9 percent to 8,807 units. Prices continued to gain traction. The Median Sales Price increased 11.1 percent to $235,550. Days on Market was up 11.9 percent to 66 days. Sellers were encouraged as Months Supply of Inventory was down 17.5 percent to 3.3 months. As we begin the slower time of year for home sales, historically low mortgage rates will continue to support buyer demand and may create additional lift to home prices as excellent affordability gives buyers the ability to offer more to secure their dream home. Throughout much of the country, the continued low level of housing inventory also continues to constrain sales activity from where it would likely be in a balanced market. - 11.9% Change in Inventory - 6.6% Change in Closed Sales Area breakouts of 33 submarkets begin after page 21. Percent of Original List Price Received Percent of Properties Sold Over List Price All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

Transcript of Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST...

Page 1: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

October 2019 Quick Facts

Market Overview 2

New Listings 3

Pending Sales 4

Closed Sales 5

Days On Market Until Sale 6

Median Sales Price 7

Average Sales Price 8

9

10

Housing Affordability Index 11

Inventory of Homes for Sale 12

Months Supply of Inventory 13

Housing Supply Overview Report 14

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors .

+ 11.1%Change in

Median Sales Price

In October, mortgage rates increased slightly from the three-year lows seen in September. While the Federal Reserve reduced the federal-funds target rate by .25%, this decline was widely expected and largely factored into mortgage rates already, which are still approximately 1% lower than this time last year. Fannie Mae is predicting that continued low rates, and possibly lower rates, are expected in 2020.

New Listings in the Northeast Florida region increased 2.6 percent to 3,507. Pending Sales were up 6.3 percent to 2,639. Inventory levels fell 11.9 percent to 8,807 units.

Prices continued to gain traction. The Median Sales Price increased 11.1 percent to $235,550. Days on Market was up 11.9 percent to 66 days. Sellers were encouraged as Months Supply of Inventory was down 17.5 percent to 3.3 months.

As we begin the slower time of year for home sales, historically low mortgage rates will continue to support buyer demand and may create additional lift to home prices as excellent affordability gives buyers the ability to offer more to secure their dream home. Throughout much of the country, the continued low level of housing inventory also continues to constrain sales activity from where it would likely be in a balanced market.

- 11.9%Change inInventory

- 6.6%Change in

Closed Sales

Area breakouts of 33 submarkets begin after page 21.

Percent of Original List Price Received

Percent of Properties Sold Over List Price

All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

Page 2: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Market OverviewKey market metrics for the current month and year-to-date.

Key Metrics Historical Sparklines 10-2018 10-2019 +/- YTD 2018 YTD 2019 +/-

- 8.7% 14.1% 13.7% - 2.8%

26,758 + 4.9%

$232,083

+ 11.9% 64 67 + 4.7%

+ 5.0%

0.0%

139

9,998

59 66

139

$212,000 $235,550

$274,173 + 4.1%

95.3% 95.3%

$263,472

12.6% 11.5%

+ 11.1% $221,000

+ 4.5%

--

$266,363 $275,433 + 3.4%

- 0.1%95.8% 95.7%

Housing Affordability Index

Days on Market Until Sale

Median Sales Price

Average Sales Price

Percent of OriginalList Price Received

Percent of PropertiesSold Over List Price

2,544 2,375 - 6.6% 25,503

New Listings

Pending Sales

Closed Sales

+ 0.6%

2,483 2,639 + 6.3% 26,241 27,913 + 6.4%

35,8353,418 3,507 + 2.6% 35,612

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 2

4.0

137 - 1.4%

- 11.9%

- 17.5%

8,807

3.3

133

--

-- --

--

--Months Supplyof Homes for Sale

Inventory of Homes for Sale

10-2016 10-2017 10-2018 10-2019

10-2016 10-2017 10-2018 10-2019

10-2016 10-2017 10-2018 10-2019

10-2016 10-2017 10-2018 10-2019

10-2016 10-2017 10-2018 10-2019

10-2016 10-2017 10-2018 10-2019

10-2016 10-2017 10-2018 10-2019

10-2016 10-2017 10-2018 10-2019

10-2016 10-2017 10-2018 10-2019

10-2016 10-2017 10-2018 10-2019

10-2016 10-2017 10-2018 10-2019

Page 3: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

New Listings A count of the properties that have been newly listed on the market in a given month.

MonthPrior Year

Current Year

+ / –

November 2018 2,587 2,917 +12.8%

December 2018 2,057 2,062 +0.2%

January 2019 2,948 3,300 +11.9%

February 2019 3,199 3,379 +5.6%

March 2019 3,858 3,954 +2.5%

April 2019 3,815 3,982 +4.4%

May 2019 3,789 4,020 +6.1%

June 2019 3,873 3,529 -8.9%

July 2019 3,801 3,631 -4.5%

August 2019 3,747 3,545 -5.4%

September 2019 3,164 2,988 -5.6%

October 2019 3,418 3,507 +2.6%

12-Month Avg 3,355 3,401 +1.4%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 3

2,9873,418 3,507

2017 2018 2019

October

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Historical New Listing Activity

32,13935,612 35,835

2017 2018 2019

Year To Date

+0.6%+14.4% +2.6% +10.8%

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Pending Sales A count of the properties on which contracts have been written in a given month.

MonthPrior Year

Current Year

+ / –

November 2018 2,177 2,133 -2.0%

December 2018 1,926 1,868 -3.0%

January 2019 2,061 2,228 +8.1%

February 2019 2,343 2,482 +5.9%

March 2019 2,914 3,008 +3.2%

April 2019 2,993 3,193 +6.7%

May 2019 2,955 3,139 +6.2%

June 2019 2,666 2,967 +11.3%

July 2019 2,804 2,984 +6.4%

August 2019 2,672 2,843 +6.4%

September 2019 2,350 2,430 +3.4%

October 2019 2,483 2,639 +6.3%

12-Month Avg 2,529 2,660 +5.2%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 4

2,3452,483

2,639

2017 2018 2019

October

750

1,000

1,250

1,500

1,750

2,000

2,250

2,500

2,750

3,000

3,250

3,500

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Historical Pending Sales Activity

25,008 26,24127,913

2017 2018 2019

Year To Date

+6.4%+5.9% +6.3% +4.9%

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Closed Sales A count of actual sales that have closed within a given month.

MonthPrior Year

Current Year

+ / –

November 2018 2,239 2,390 +6.7%

December 2018 2,603 2,358 -9.4%

January 2019 1,634 1,723 +5.4%

February 2019 1,933 2,116 +9.5%

March 2019 2,630 2,604 -1.0%

April 2019 2,712 3,013 +11.1%

May 2019 2,958 3,328 +12.5%

June 2019 3,090 2,999 -2.9%

July 2019 2,771 3,008 +8.6%

August 2019 2,898 2,974 +2.6%

September 2019 2,333 2,618 +12.2%

October 2019 2,544 2,375 -6.6%

12-Month Avg 2,529 2,626 +4.1%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 5

2,3282,544

2,375

2017 2018 2019

October

500

1,000

1,500

2,000

2,500

3,000

3,500

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Historical Closed Sales Activity

24,527 25,503 26,758

2017 2018 2019

Year To Date

+4.9%+9.3% -6.6% +4.0%

Page 6: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.

MonthPrior Year

Current Year

+ / –

November 2018 65 61 -6.2%

December 2018 71 69 -2.8%

January 2019 69 70 +1.4%

February 2019 73 76 +4.1%

March 2019 72 71 -1.4%

April 2019 66 67 +1.5%

May 2019 61 66 +8.2%

June 2019 58 63 +8.6%

July 2019 60 64 +6.7%

August 2019 60 62 +3.3%

September 2019 65 67 +3.1%

October 2019 59 66 +11.9%

12-Month Avg 64 66 +3.3%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 6

6459

66

2017 2018 2019

October

40

50

60

70

80

90

100

110

120

130

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Historical Days on Market Until Sale

7264 67

2017 2018 2019

Year To Date

+4.7%-7.8% +11.9% -11.1%

Page 7: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.

MonthPrior Year

Current Year

+ / –

November 2018 $208,000 $220,000 +5.8%

December 2018 $210,370 $226,945 +7.9%

January 2019 $203,990 $207,000 +1.5%

February 2019 $217,950 $224,900 +3.2%

March 2019 $225,000 $230,000 +2.2%

April 2019 $220,000 $225,000 +2.3%

May 2019 $225,000 $232,000 +3.1%

June 2019 $235,000 $242,000 +3.0%

July 2019 $230,000 $241,500 +5.0%

August 2019 $220,000 $240,000 +9.1%

September 2019 $216,990 $235,000 +8.3%

October 2019 $212,000 $235,550 +11.1%

12-Month Med $220,000 $230,000 +4.5%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 7

$204,750 $212,000

$235,550

2017 2018 2019

October

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

$260,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Historical Median Sales Price

$203,120$221,000

$232,083

2017 2018 2019

Year To Date

+5.0%+3.5% +11.1% +8.8%

Page 8: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.

MonthPrior Year

Current Year

+ / –

November 2018 $250,357 $261,249 +4.4%

December 2018 $258,480 $267,704 +3.6%

January 2019 $243,697 $242,565 -0.5%

February 2019 $256,679 $256,348 -0.1%

March 2019 $267,195 $268,800 +0.6%

April 2019 $268,709 $277,356 +3.2%

May 2019 $271,979 $275,033 +1.1%

June 2019 $280,933 $296,981 +5.7%

July 2019 $274,288 $282,364 +2.9%

August 2019 $264,182 $288,102 +9.1%

September 2019 $256,669 $271,456 +5.8%

October 2019 $263,472 $274,173 +4.1%

12-Month Avg $264,505 $273,780 +3.5%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 8

$251,165$263,472

$274,173

2017 2018 2019

October

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

$260,000

$280,000

$300,000

$320,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Historical Average Sales Price

$245,754$266,363 $275,433

2017 2018 2019

Year To Date

+ 3.4%+ 4.9% + 4.1% + 8.4%

Page 9: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Percent of Original List Price Received

MonthPrior Year

Current Year

+ / –

November 2018 95.4% 95.1% -0.3%

December 2018 95.1% 94.7% -0.4%

January 2019 95.4% 94.5% -0.9%

February 2019 95.1% 95.1% 0.0%

March 2019 96.0% 95.5% -0.5%

April 2019 95.8% 95.5% -0.3%

May 2019 96.3% 96.2% -0.1%

June 2019 96.3% 96.3% 0.0%

July 2019 96.1% 95.8% -0.3%

August 2019 95.6% 96.1% +0.5%

September 2019 95.6% 95.5% -0.1%

October 2019 95.3% 95.3% 0.0%

12-Month Avg 95.7% 95.6% -0.1%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 9

Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

95.5% 95.3% 95.3%

2017 2018 2019

October

84%

86%

88%

90%

92%

94%

96%

98%

100%

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Historical Percent of Original List Price Received

95.5% 95.8% 95.7%

2017 2018 2019

Year To Date

-0.1%-0.2% 0.0% +0.3%

Page 10: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Percent of Properties Sold Over List Price

MonthPrior Year

Current Year

+ / –

November 2018 13.8% 13.5% -2.2%

December 2018 12.0% 12.7% +5.8%

January 2019 12.9% 11.8% -8.5%

February 2019 11.3% 13.0% +15.0%

March 2019 15.4% 15.4% 0.0%

April 2019 15.5% 14.4% -7.1%

May 2019 16.2% 15.1% -6.8%

June 2019 14.5% 14.1% -2.8%

July 2019 14.4% 13.7% -4.9%

August 2019 13.3% 14.1% +6.0%

September 2019 13.5% 12.9% -4.4%

October 2019 12.6% 11.5% -8.7%

12-Month Avg 13.9% 13.6% -1.9%

Percent of closed sales that sold for more than the most recent list price.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 10

13.0% 12.6%11.5%

2017 2018 2019

October

6%

8%

10%

12%

14%

16%

18%

20%

22%

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Historical Percent of Properties Sold Over List Price

14.2% 14.1% 13.7%

2017 2018 2019

Year To Date

-2.8%-3.1% -8.7% -0.7%

Page 11: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Housing Affordability Index

MonthPrior Year

Current Year

+ / –

November 2018 156 136 -12.8%

December 2018 154 136 -11.7%

January 2019 156 149 -4.5%

February 2019 144 137 -4.9%

March 2019 138 136 -1.4%

April 2019 139 140 +0.7%

May 2019 136 136 0.0%

June 2019 129 130 +0.8%

July 2019 131 133 +1.5%

August 2019 137 137 0.0%

September 2019 138 137 -0.7%

October 2019 139 137 -1.4%

12-Month Avg 141 137 -2.9%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 11

This index measures housing affordability for the region. For example, an index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

159

139 137

2017 2018 2019

October

100

150

200

250

300

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Historical Housing Affordability Index

161

133 139

2017 2018 2019

Year To Date

+4.5%-12.6% -1.4% -17.4%

Page 12: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Inventory of Homes for Sale The number of properties available for sale in active status at the end of the month.

MonthPrior Year

Current Year

+ / –

November 2018 8,624 9,954 +15.4%

December 2018 7,944 9,170 +15.4%

January 2019 8,173 9,414 +15.2%

February 2019 8,443 9,584 +13.5%

March 2019 8,771 9,761 +11.3%

April 2019 8,946 9,849 +10.1%

May 2019 9,114 9,882 +8.4%

June 2019 9,570 9,717 +1.5%

July 2019 9,787 9,577 -2.1%

August 2019 9,979 9,403 -5.8%

September 2019 9,974 9,022 -9.5%

October 2019 9,998 8,807 -11.9%

12-Month Avg 9,110 9,512 +5.1%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 12

8,9039,998

8,807

2017 2018 2019

October

5,000

7,000

9,000

11,000

13,000

15,000

17,000

19,000

21,000

1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Historical Inventory of Homes for Sale

-11.9%+12.3

Page 13: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

MonthPrior Year

Current Year

+ / –

November 2018 3.6 3.9 +8.3%

December 2018 3.3 3.6 +9.1%

January 2019 3.4 3.7 +8.8%

February 2019 3.5 3.8 +8.6%

March 2019 3.6 3.8 +5.6%

April 2019 3.6 3.8 +5.6%

May 2019 3.7 3.8 +2.7%

June 2019 3.9 3.7 -5.1%

July 2019 4.0 3.6 -10.0%

August 2019 4.0 3.6 -10.0%

September 2019 4.0 3.4 -15.0%

October 2019 4.0 3.3 -17.5%

12-Month Avg 3.7 3.7 -0.5%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 13

3.74.0

3.3

2017 2018 2019

October

2

4

6

8

10

12

14

16

18

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Historical Months Supply of Inventory

-17.5%+8.1%

Page 14: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

October 2019 Quick Facts

$200,000 to $299,999 Previously Owned

Pending Sales 15

Days on Market Until Sale 16

Median Sales Price 17

Percent of Original List Price Received 18

Percent of Properties Sold Over List Price 19

Inventory of Homes for Sale 20

Months Supply of Inventory 21

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 14

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors .

Single-Family

A RESEARCH TOOL PROVIDED BY THENORTHEAST FLORIDA ASSOCIATION OF REALTORS

+ 16.4% + 6.0%Price Range With Strongest Sales:

Construction Status With Strongest Sales:

Property Type With Strongest Sales:

All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

+ 6.3%

Page 15: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total.

By Price Range 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

$149,999 and Below 7,293 6,488 - 11.0% 4,994 4,560 - 8.7% 2,299 1,928 - 16.1%

$150,000 to $199,999 5,462 5,603 + 2.6% 4,060 4,085 + 0.6% 1,402 1,518 + 8.3%

$200,000 to $299,999 8,735 10,170 + 16.4% 7,872 9,113 + 15.8% 863 1,057 + 22.5%

$300,000 to $499,999 6,382 6,981 + 9.4% 5,828 6,331 + 8.6% 554 650 + 17.3%

$500,000 to $999,999 2,084 2,252 + 8.1% 1,833 2,052 + 11.9% 251 200 - 20.3%

$1,000,000 and Above 388 420 + 8.2% 340 362 + 6.5% 48 58 + 20.8%

All Price Ranges 30,344 31,914 + 5.2% 24,927 26,503 + 6.3% 5,417 5,411 - 0.1%

By Construction Status 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

Previously Owned 25,346 26,861 + 6.0% 20,450 21,832 + 6.8% 4,896 5,029 + 2.7%

New Construction 4,998 5,053 + 1.1% 4,477 4,671 + 4.3% 521 382 - 26.7%

All Property Types 30,344 31,914 + 5.2% 24,927 26,503 + 6.3% 5,417 5,411 - 0.1%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 15

All Properties Single-Family Condo-Townhouse

7,293

5,462

8,735

6,382

2,084

388

6,4885,603

10,170

6,981

2,252

420

$149,999 andBelow

$150,000 to$199,999

$200,000 to$299,999

$300,000 to$499,999

$500,000 to$999,999

$1,000,000 andAbove

By Price Range10-2018 10-2019

25,346

4,998

26,861

5,053

Previously Owned New Construction

By Construction Status10-2018 10-2019

- 11.0%

24,927

5,417

26,503

5,411

Single-Family Condo-Townhouse

By Property Type10-2018 10-2019

+ 2.6% + 16.4% + 9.4% + 8.2% + 6.3% - 0.1%+ 6.0% + 1.1%+ 8.1%

Page 16: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Days on Market Until Sale

By Price Range 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

$149,999 and Below 53 55 + 3.8% 60 58 - 3.3% 40 48 + 20.0%

$150,000 to $199,999 44 47 + 6.8% 45 47 + 4.4% 41 48 + 17.1%

$200,000 to $299,999 63 66 + 4.8% 63 66 + 4.8% 62 67 + 8.1%

$300,000 to $499,999 82 82 0.0% 81 82 + 1.2% 93 84 - 9.7%

$500,000 to $999,999 100 93 - 7.0% 100 91 - 9.0% 101 114 + 12.9%

$1,000,000 and Above 129 126 - 2.3% 131 129 - 1.5% 112 105 - 6.3%

All Price Ranges 64 66 + 3.1% 67 68 + 1.5% 52 59 + 13.5%

By Construction Status 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

Previously Owned 59 61 + 3.4% 61 62 + 1.6% 50 57 + 14.0%

New Construction 94 97 + 3.2% 97 98 + 1.0% 73 78 + 6.8%

All Property Types 64 66 + 3.1% 67 68 + 1.5% 52 59 + 13.5%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 16

Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.

All Properties Single-Family Condo-Townhouse

5344

63

82

100

129

5547

66

8293

126

$149,999 andBelow

$150,000 to$199,999

$200,000 to$299,999

$300,000 to$499,999

$500,000 to$999,999

$1,000,000 andAbove

By Price Range10-2018 10-2019

59

94

61

97

Previously Owned New Construction

By Construction Status10-2018 10-2019

+ 3.8%

67

52

6859

Single-Family Condo-Townhouse

By Property Type10-2018 10-2019

+ 6.8% + 4.8% 0.0% - 2.3% + 1.5% + 13.5%+ 3.4% + 3.2%- 7.0%

Page 17: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Median Sales Price

By Construction Status 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

Previously Owned $202,000 $215,000 + 6.4% $217,500 $229,000 + 5.3% $154,000 $160,000 + 3.9%

New Construction $295,990 $298,000 + 0.7% $301,985 $300,358 - 0.5% $202,939 $251,000 + 23.7%

All Construction Statuses $220,000 $230,000 + 4.5% $235,000 $244,990 + 4.3% $158,800 $165,000 + 3.9%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 17

Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.

All Properties Single-Family Condo-Townhouse

$202,000

$295,990

$215,000

$298,000

Previously Owned New Construction

By Construction Status10-2018 10-2019

$220,000$235,000

$158,800

$230,000$244,990

$165,000

All Properties Single-Family Condo-Townhouse

By Property Type10-2018 10-2019

+ 4.3% + 3.9%+ 6.4% + 4.5%+ 0.7%

Page 18: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Percent of Original List Price Received

By Price Range 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

$149,999 and Below 93.4% 92.5% - 1.0% 92.4% 91.4% - 1.1% 95.8% 95.0% - 0.8%

$150,000 to $199,999 97.1% 96.5% - 0.6% 97.0% 96.2% - 0.8% 97.4% 97.1% - 0.3%

$200,000 to $299,999 96.7% 96.8% + 0.1% 96.7% 96.8% + 0.1% 96.7% 96.0% - 0.7%

$300,000 to $499,999 96.2% 96.2% 0.0% 96.2% 96.3% + 0.1% 96.0% 95.0% - 1.0%

$500,000 to $999,999 95.3% 95.6% + 0.3% 95.4% 95.7% + 0.3% 94.9% 94.2% - 0.7%

$1,000,000 and Above 91.3% 91.6% + 0.3% 91.3% 91.5% + 0.2% 91.4% 92.5% + 1.2%

All Price Ranges 95.7% 95.6% - 0.1% 95.6% 95.5% - 0.1% 96.3% 95.7% - 0.6%

By Construction Status 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

Previously Owned 95.2% 95.0% - 0.2% 95.0% 94.9% - 0.1% 96.0% 95.5% - 0.5%

New Construction 98.4% 98.5% + 0.1% 98.4% 98.6% + 0.2% 98.6% 97.9% - 0.7%

All Property Types 95.7% 95.6% - 0.1% 95.6% 95.5% - 0.1% 96.3% 95.7% - 0.6%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 18

Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average.

All Properties Single-Family Condo-Townhouse

93.4%

97.1%96.7%

96.2%

95.3%

91.3%

92.5%

96.5% 96.8%96.2%

95.6%

91.6%

$149,999 andBelow

$150,000 to$199,999

$200,000 to$299,999

$300,000 to$499,999

$500,000 to$999,999

$1,000,000 andAbove

By Price Range10-2018 10-2019

95.2%

98.4%

95.0%

98.5%

Previously Owned New Construction

By Construction Status10-2018 10-2019

- 1.0%

95.6%

96.3%

95.5%95.7%

Single-Family Condo-Townhouse

By Property Type10-2018 10-2019

- 0.6% + 0.1% 0.0% + 0.3% - 0.1% - 0.6%- 0.2% + 0.1%+ 0.3%

Page 19: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Percent of Properties Sold Over List Price

By Price Range 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

$149,999 and Below 18.7% 16.2% - 13.5% 20.8% 18.2% - 12.5% 12.0% 10.3% - 14.3%

$150,000 to $199,999 13.5% 13.9% + 2.6% 14.1% 14.8% + 4.6% 8.4% 6.1% - 27.5%

$200,000 to $299,999 10.7% 11.3% + 5.5% 10.9% 11.9% + 9.1% 9.2% 5.8% - 37.2%

$300,000 to $499,999 9.8% 10.3% + 4.1% 10.5% 11.0% + 4.2% 4.8% 3.4% - 28.8%

$500,000 to $999,999 3.9% 5.8% + 48.1% 4.2% 5.9% + 41.5% 1.9% 4.9% + 165.6%

$1,000,000 and Above 16.5% 16.2% - 1.8% 18.4% 18.1% - 1.7% 12.2% 11.8% - 3.5%

All Price Ranges 13.9% 13.6% - 1.9% 14.7% 14.6% - 0.6% 10.5% 9.2% - 12.8%

By Construction Status 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

Previously Owned 13.7% 12.9% - 6.1% 14.5% 13.8% - 5.1% 10.3% 9.0% - 13.2%

New Construction 15.1% 17.8% + 17.9% 15.4% 18.2% + 18.5% 12.4% 12.0% - 3.2%

All Property Types 13.9% 13.6% - 1.9% 14.7% 14.6% - 0.6% 10.5% 9.2% - 12.8%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 19

Percent of closed sales that sold for more than the most recent list price. Based on a rolling 12-month average.

All Properties Single-Family Condo-Townhouse

18.7%

13.5%

10.7%9.8%

3.9%

16.5%16.2%

13.9%

11.3%10.3%

5.8%

16.2%

$149,999 andBelow

$150,000 to$199,999

$200,000 to$299,999

$300,000 to$499,999

$500,000 to$999,999

$1,000,000 andAbove

By Price Range10-2018 10-2019

13.7%15.1%

12.9%

17.8%

Previously Owned New Construction

By Construction Status10-2018 10-2019

- 13.5%

14.7%

10.5%

14.6%

9.2%

Single-Family Condo-Townhouse

By Property Type10-2018 10-2019

+ 2.6% + 5.5% + 4.1% - 1.8% - 0.6% - 12.8%- 6.1% + 17.9%+ 48.1%

Page 20: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.

By Price Range 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

$149,999 and Below 1,972 1,486 - 24.6% 1,520 1,161 - 23.6% 452 325 - 28.1%

$150,000 to $199,999 1,072 952 - 11.2% 792 677 - 14.5% 280 275 - 1.8%

$200,000 to $299,999 2,774 2,390 - 13.8% 2,513 2,072 - 17.5% 261 318 + 21.8%

$300,000 to $499,999 2,506 2,230 - 11.0% 2,221 1,970 - 11.3% 285 260 - 8.8%

$500,000 to $999,999 1,239 1,261 + 1.8% 1,050 1,065 + 1.4% 189 196 + 3.7%

$1,000,000 and Above 435 488 + 12.2% 371 437 + 17.8% 64 51 - 20.3%

All Price Ranges 9,998 8,807 - 11.9% 8,467 7,382 - 12.8% 1,531 1,425 - 6.9%

By Construction Status 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

Previously Owned 8,030 7,098 - 11.6% 6,660 5,865 - 11.9% 1,370 1,233 - 10.0%

New Construction 1,968 1,709 - 13.2% 1,807 1,517 - 16.0% 161 192 + 19.3%

All Property Types 9,998 8,807 - 11.9% 8,467 7,382 - 12.8% 1,531 1,425 - 6.9%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 20

All Properties Single-Family Condo-Townhouse

1,972

1,072

2,7742,506

1,239

435

1,486

952

2,3902,230

1,261

488

$149,999 andBelow

$150,000 to$199,999

$200,000 to$299,999

$300,000 to$499,999

$500,000 to$999,999

$1,000,000 andAbove

By Price Range10-2018 10-2019

8,030

1,968

7,098

1,709

Previously Owned New Construction

By Construction Status10-2018 10-2019

- 24.6%

8,467

1,531

7,382

1,425

Single-Family Condo-Townhouse

By Property Type10-2018 10-2019

- 11.2% - 13.8% - 11.0% + 12.2% - 12.8% - 6.9%- 11.6% - 13.2%+ 1.8%

Page 21: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

Months Supply of Inventory

By Price Range 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

$149,999 and Below 3.2 2.7 - 15.6% 3.7 3.1 - 16.2% 2.4 2.0 - 16.7%

$150,000 to $199,999 2.4 2.0 - 16.7% 2.3 2.0 - 13.0% 2.4 2.2 - 8.3%

$200,000 to $299,999 3.8 2.8 - 26.3% 3.8 2.7 - 28.9% 3.6 3.6 0.0%

$300,000 to $499,999 4.7 3.8 - 19.1% 4.6 3.7 - 19.6% 6.2 4.8 - 22.6%

$500,000 to $999,999 7.1 6.7 - 5.6% 6.9 6.2 - 10.1% 9.0 11.8 + 31.1%

$1,000,000 and Above 13.5 13.9 + 3.0% 13.1 14.5 + 10.7% 16.0 10.6 - 33.8%

All Price Ranges 4.0 3.3 - 17.5% 4.1 3.3 - 19.5% 3.4 3.2 - 5.9%

By Construction Status 10-2018 10-2019 Change 10-2018 10-2019 Change 10-2018 10-2019 Change

Previously Owned 3.8 3.2 - 16.6% 3.9 3.2 - 17.5% 3.4 2.9 - 12.4%

New Construction 4.7 4.1 - 14.1% 4.8 3.9 - 19.5% 3.7 6.0 + 62.6%

All Property Types 4.0 3.3 - 17.5% 4.1 3.3 - 19.5% 3.4 3.2 - 5.9%

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 21

The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months.

All Properties Single-Family Condo-Townhouse

3.22.4

3.84.7

7.1

13.5

2.72.0

2.83.8

6.7

13.9

$149,999 andBelow

$150,000 to$199,999

$200,000 to$299,999

$300,000 to$499,999

$500,000 to$999,999

$1,000,000 andAbove

By Price Range10-2018 10-2019

3.8

4.7

3.2

4.1

Previously Owned New Construction

By Construction Status10-2018 10-2019

- 15.6%

4.13.43.3 3.2

Single-Family Condo-Townhouse

By Property Type10-2018 10-2019

- 16.7% - 26.3% - 19.1% + 3.0% - 19.5% - 5.9%- 16.6% - 14.1%- 5.6%

Page 22: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 317 279 - 12.0% 3,307 3,021 - 8.6%

Closed Sales 235 200 - 14.9% 2,376 2,342 - 1.4%

Median Sales Price* $235,000 $254,993 + 8.5% $235,000 $244,000 + 3.8%

Percent of Original List Price Received* 95.4% 95.3% - 0.1% 96.1% 95.8% - 0.3%

Percent of Properties Sold Over List Price* 9.8% 8.0% - 18.4% 13.8% 12.7% - 8.0%

Days on Market Until Sale 54 58 + 7.4% 55 59 + 7.3%

Inventory of Homes for Sale 833 627 - 24.7% -- -- --

Months Supply of Inventory 3.6 2.7 - 25.0% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Southside / Mandarin / Bartram

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Southside / Mandarin / Bartram

- 12.0% - 14.9% + 8.5%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 01 October Year to Date

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

3,307

2,376

3,021

2,342

New Listings Closed Sales

Year to Date 2018 2019

- 1.4%- 8.6%

317

235279

200

New Listings Closed Sales

October 2018 2019

- 14.9%- 12.0%

Page 23: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 436 405 - 7.1% 4,228 4,270 + 1.0%

Closed Sales 349 273 - 21.8% 3,202 3,179 - 0.7%

Median Sales Price* $162,500 $209,900 + 29.2% $200,900 $210,000 + 4.5%

Percent of Original List Price Received* 96.4% 95.7% - 0.7% 96.4% 96.1% - 0.3%

Percent of Properties Sold Over List Price* 10.3% 9.9% - 3.9% 14.3% 12.2% - 14.7%

Days on Market Until Sale 46 53 + 15.2% 48 55 + 14.6%

Inventory of Homes for Sale 906 881 - 2.8% -- -- --

Months Supply of Inventory 2.8 2.7 - 3.6% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Southside

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Southside- 7.1% - 21.8% + 29.2%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 02 October Year to Date

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

4,228

3,202

4,270

3,179

New Listings Closed Sales

Year to Date 2018 2019

- 0.7%+ 1.0%

436

349405

273

New Listings Closed Sales

October 2018 2019

- 21.8%- 7.1%

Page 24: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 56 72 + 28.6% 702 748 + 6.6%

Closed Sales 43 48 + 11.6% 452 503 + 11.3%

Median Sales Price* $247,860 $308,250 + 24.4% $285,000 $290,000 + 1.8%

Percent of Original List Price Received* 91.8% 92.1% + 0.3% 93.8% 93.4% - 0.4%

Percent of Properties Sold Over List Price* 0.0% 10.4% -- 8.4% 8.7% + 3.6%

Days on Market Until Sale 81 75 - 7.4% 69 76 + 10.1%

Inventory of Homes for Sale 222 217 - 2.3% -- -- --

Months Supply of Inventory 5.0 4.5 - 10.0% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Riverside / Avondale / Ortega

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Riverside / Avondale / Ortega

+ 28.6% + 11.6% + 24.4%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 03 October Year to Date

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

702

452

748

503

New Listings Closed Sales

Year to Date 2018 2019

+ 11.3%+ 6.6%

5643

72

48

New Listings Closed Sales

October 2018 2019

+ 11.6%+ 28.6%

Page 25: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 201 170 - 15.4% 2,178 2,149 - 1.3%

Closed Sales 163 154 - 5.5% 1,626 1,752 + 7.7%

Median Sales Price* $203,000 $230,000 + 13.3% $194,000 $209,700 + 8.1%

Percent of Original List Price Received* 95.6% 96.5% + 0.9% 96.6% 96.4% - 0.2%

Percent of Properties Sold Over List Price* 15.3% 11.7% - 23.5% 18.4% 17.9% - 2.7%

Days on Market Until Sale 48 47 - 2.1% 49 50 + 2.0%

Inventory of Homes for Sale 507 367 - 27.6% -- -- --

Months Supply of Inventory 3.1 2.1 - 32.3% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Arlington / Fort Caroline

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Arlington / Fort Caroline

- 15.4% - 5.5% + 13.3%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 04 October Year to Date

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

2,178

1,626

2,1491,752

New Listings Closed Sales

Year to Date 2018 2019

+ 7.7%- 1.3%

201163170 154

New Listings Closed Sales

October 2018 2019

- 5.5%- 15.4%

Page 26: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 153 169 + 10.5% 1,421 1,543 + 8.6%

Closed Sales 118 117 - 0.8% 1,050 1,134 + 8.0%

Median Sales Price* $137,500 $154,075 + 12.1% $130,000 $143,000 + 10.0%

Percent of Original List Price Received* 94.0% 94.3% + 0.3% 95.8% 94.9% - 0.9%

Percent of Properties Sold Over List Price* 15.3% 17.2% + 12.4% 20.3% 15.5% - 23.6%

Days on Market Until Sale 48 58 + 20.8% 48 50 + 4.2%

Inventory of Homes for Sale 330 331 + 0.3% -- -- --

Months Supply of Inventory 3.2 2.9 - 9.4% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Hyde Grove / Murray Hill / Lakeshore / Wesconnett

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Hyde Grove / Murray Hill / Lakeshore / Wesconnett

+ 10.5% - 0.8% + 12.1%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 05 October Year to Date

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,421

1,050

1,543

1,134

New Listings Closed Sales

Year to Date 2018 2019

+ 8.0%+ 8.6%

153

118

169

117

New Listings Closed Sales

October 2018 2019

- 0.8%+ 10.5%

Page 27: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 163 199 + 22.1% 1,829 1,935 + 5.8%

Closed Sales 162 137 - 15.4% 1,456 1,563 + 7.3%

Median Sales Price* $180,000 $183,000 + 1.7% $175,000 $185,000 + 5.7%

Percent of Original List Price Received* 97.2% 97.6% + 0.4% 97.3% 97.0% - 0.3%

Percent of Properties Sold Over List Price* 15.5% 18.2% + 17.4% 18.8% 17.8% - 5.3%

Days on Market Until Sale 48 44 - 8.3% 54 57 + 5.6%

Inventory of Homes for Sale 435 378 - 13.1% -- -- --

Months Supply of Inventory 3.0 2.4 - 20.0% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

West Jacksonville

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

West Jacksonville+ 22.1% - 15.4% + 1.7%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 06 October Year to Date

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,8291,456

1,9351,563

New Listings Closed Sales

Year to Date 2018 2019

+ 7.3%+ 5.8%

163 162199

137

New Listings Closed Sales

October 2018 2019

- 15.4%+ 22.1%

Page 28: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 219 194 - 11.4% 1,973 1,992 + 1.0%

Closed Sales 114 115 + 0.9% 1,087 1,218 + 12.1%

Median Sales Price* $60,200 $67,000 + 11.3% $57,400 $72,000 + 25.4%

Percent of Original List Price Received* 91.3% 90.3% - 1.1% 91.6% 90.7% - 1.0%

Percent of Properties Sold Over List Price* 10.7% 13.3% + 24.3% 13.1% 13.4% + 2.3%

Days on Market Until Sale 52 59 + 13.5% 56 55 - 1.8%

Inventory of Homes for Sale 590 534 - 9.5% -- -- --

Months Supply of Inventory 5.5 4.2 - 23.6% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Springfield / Downtown / Paxon / Trout River South / Downtown Jacksonville - E

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Springfield / Downtown / Paxon / Trout River South / Downtown Jacksonville - E

- 11.4% + 0.9% + 11.3%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 07 October Year to Date

- 80%

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,973

1,087

1,992

1,218

New Listings Closed Sales

Year to Date 2018 2019

+ 12.1%+ 1.0%

219

114

194

115

New Listings Closed Sales

October 2018 2019

+ 0.9%- 11.4%

Page 29: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 43 34 - 20.9% 344 279 - 18.9%

Closed Sales 23 15 - 34.8% 213 237 + 11.3%

Median Sales Price* $195,000 $185,000 - 5.1% $175,000 $192,000 + 9.7%

Percent of Original List Price Received* 95.5% 92.6% - 3.0% 95.2% 95.5% + 0.3%

Percent of Properties Sold Over List Price* 26.1% 20.0% - 23.4% 23.5% 17.4% - 26.0%

Days on Market Until Sale 58 70 + 20.7% 56 76 + 35.7%

Inventory of Homes for Sale 120 60 - 50.0% -- -- --

Months Supply of Inventory 5.7 2.4 - 57.9% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Marietta / Whitehouse / Baldwin / Garden St / Dinsmore

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Marietta / Whitehouse / Baldwin / Garden St / Dinsmore

- 20.9% - 34.8% - 5.1%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 08 October Year to Date

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

+ 120%

+ 140%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

344

213

279237

New Listings Closed Sales

Year to Date 2018 2019

+ 11.3%- 18.9%

43

23

34

15

New Listings Closed Sales

October 2018 2019

- 34.8%- 20.9%

Page 30: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 197 234 + 18.8% 1,865 1,998 + 7.1%

Closed Sales 141 123 - 12.8% 1,375 1,561 + 13.5%

Median Sales Price* $209,000 $224,900 + 7.6% $211,190 $223,995 + 6.1%

Percent of Original List Price Received* 96.3% 96.8% + 0.5% 96.7% 97.3% + 0.6%

Percent of Properties Sold Over List Price* 17.0% 17.9% + 5.3% 15.6% 18.1% + 16.0%

Days on Market Until Sale 48 68 + 41.7% 66 65 - 1.5%

Inventory of Homes for Sale 538 439 - 18.4% -- -- --

Months Supply of Inventory 3.9 2.8 - 28.2% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Jacksonville - North

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Jacksonville - North+ 18.8% - 12.8% + 7.6%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 09 October Year to Date

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

+ 30%

+ 35%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,865

1,375

1,998

1,561

New Listings Closed Sales

Year to Date 2018 2019

+ 13.5%+ 7.1%

197

141

234

123

New Listings Closed Sales

October 2018 2019

- 12.8%+ 18.8%

Page 31: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 66 64 - 3.0% 750 670 - 10.7%

Closed Sales 44 49 + 11.4% 517 520 + 0.6%

Median Sales Price* $255,750 $275,600 + 7.8% $270,000 $290,000 + 7.4%

Percent of Original List Price Received* 96.2% 97.1% + 0.9% 96.7% 96.5% - 0.2%

Percent of Properties Sold Over List Price* 9.1% 12.2% + 34.1% 11.0% 12.3% + 11.8%

Days on Market Until Sale 77 38 - 50.6% 55 53 - 3.6%

Inventory of Homes for Sale 177 131 - 26.0% -- -- --

Months Supply of Inventory 3.3 2.5 - 24.2% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Fleming Island Area

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Fleming Island Area- 3.0% + 11.4% + 7.8%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 12 October Year to Date

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

750

517

670

520

New Listings Closed Sales

Year to Date 2018 2019

+ 0.6%- 10.7%

66

44

64

49

New Listings Closed Sales

October 2018 2019

+ 11.4%- 3.0%

Page 32: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 162 147 - 9.3% 1,820 1,654 - 9.1%

Closed Sales 164 115 - 29.9% 1,308 1,317 + 0.7%

Median Sales Price* $200,000 $220,000 + 10.0% $195,000 $215,000 + 10.3%

Percent of Original List Price Received* 95.8% 97.0% + 1.3% 96.9% 96.9% 0.0%

Percent of Properties Sold Over List Price* 18.3% 13.9% - 24.0% 18.7% 18.8% + 0.5%

Days on Market Until Sale 53 61 + 15.1% 47 57 + 21.3%

Inventory of Homes for Sale 412 304 - 26.2% -- -- --

Months Supply of Inventory 3.2 2.3 - 28.1% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Orange Park

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Orange Park- 9.3% - 29.9% + 10.0%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 13 October Year to Date

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,820

1,308

1,654

1,317

New Listings Closed Sales

Year to Date 2018 2019

+ 0.7%- 9.1%

162 164147

115

New Listings Closed Sales

October 2018 2019

- 29.9%- 9.3%

Page 33: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 143 128 - 10.5% 1,138 1,114 - 2.1%

Closed Sales 91 80 - 12.1% 825 951 + 15.3%

Median Sales Price* $199,900 $220,000 + 10.1% $195,000 $209,900 + 7.6%

Percent of Original List Price Received* 96.4% 96.0% - 0.4% 96.5% 96.4% - 0.1%

Percent of Properties Sold Over List Price* 19.8% 17.5% - 11.6% 19.4% 17.8% - 8.2%

Days on Market Until Sale 45 67 + 48.9% 48 69 + 43.8%

Inventory of Homes for Sale 349 237 - 32.1% -- -- --

Months Supply of Inventory 4.3 2.5 - 41.9% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Middleburg Vicinity

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Middleburg Vicinity- 10.5% - 12.1% + 10.1%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 14 October Year to Date

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,138

825

1,114951

New Listings Closed Sales

Year to Date 2018 2019

+ 15.3%- 2.1%

143

91

128

80

New Listings Closed Sales

October 2018 2019

- 12.1%- 10.5%

Page 34: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 13 28 + 115.4% 230 226 - 1.7%

Closed Sales 15 23 + 53.3% 169 153 - 9.5%

Median Sales Price* $128,000 $153,500 + 19.9% $130,000 $155,000 + 19.2%

Percent of Original List Price Received* 90.6% 91.5% + 1.0% 92.5% 92.6% + 0.1%

Percent of Properties Sold Over List Price* 20.0% 8.7% - 56.5% 18.9% 14.4% - 23.8%

Days on Market Until Sale 73 85 + 16.4% 98 86 - 12.2%

Inventory of Homes for Sale 86 77 - 10.5% -- -- --

Months Supply of Inventory 5.2 4.9 - 5.8% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Keystone Heights Vicinity

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Keystone Heights Vicinity

+ 115.4% + 53.3% + 19.9%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 15 October Year to Date

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

230

169

226

153

New Listings Closed Sales

Year to Date 2018 2019

- 9.5%- 1.7%

1315

28

23

New Listings Closed Sales

October 2018 2019

+ 53.3%+ 115.4%

Page 35: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 76 73 - 3.9% 561 739 + 31.7%

Closed Sales 23 58 + 152.2% 407 530 + 30.2%

Median Sales Price* $189,900 $215,000 + 13.2% $226,000 $220,000 - 2.7%

Percent of Original List Price Received* 94.2% 95.3% + 1.2% 97.2% 96.4% - 0.8%

Percent of Properties Sold Over List Price* 13.0% 5.2% - 60.0% 16.2% 12.8% - 21.0%

Days on Market Until Sale 64 51 - 20.3% 71 63 - 11.3%

Inventory of Homes for Sale 199 190 - 4.5% -- -- --

Months Supply of Inventory 5.0 3.5 - 30.0% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Green Cove Springs

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Green Cove Springs- 3.9% + 152.2% + 13.2%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 16 October Year to Date

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

561

407

739

530

New Listings Closed Sales

Year to Date 2018 2019

+ 30.2%+ 31.7%

76

23

73

58

New Listings Closed Sales

October 2018 2019

+ 152.2%- 3.9%

Page 36: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 72 61 - 15.3% 852 723 - 15.1%

Closed Sales 48 57 + 18.8% 546 524 - 4.0%

Median Sales Price* $371,250 $437,000 + 17.7% $385,000 $400,200 + 3.9%

Percent of Original List Price Received* 93.4% 94.7% + 1.4% 95.2% 94.9% - 0.3%

Percent of Properties Sold Over List Price* 8.3% 5.3% - 36.1% 7.9% 7.6% - 3.8%

Days on Market Until Sale 82 100 + 22.0% 70 74 + 5.7%

Inventory of Homes for Sale 252 183 - 27.4% -- -- --

Months Supply of Inventory 4.8 3.6 - 25.0% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Jacksonville Beach

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Jacksonville Beach- 15.3% + 18.8% + 17.7%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 21 October Year to Date

- 30%

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

852

546

723

524

New Listings Closed Sales

Year to Date 2018 2019

- 4.0%- 15.1%

72

4861 57

New Listings Closed Sales

October 2018 2019

+ 18.8%- 15.3%

Page 37: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 16 10 - 37.5% 131 146 + 11.5%

Closed Sales 10 8 - 20.0% 102 92 - 9.8%

Median Sales Price* $412,000 $333,500 - 19.1% $434,000 $446,000 + 2.8%

Percent of Original List Price Received* 95.7% 95.2% - 0.5% 94.7% 95.3% + 0.6%

Percent of Properties Sold Over List Price* 0.0% 12.5% -- 9.8% 7.6% - 22.4%

Days on Market Until Sale 33 99 + 200.0% 60 62 + 3.3%

Inventory of Homes for Sale 30 41 + 36.7% -- -- --

Months Supply of Inventory 2.9 4.5 + 55.2% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Neptune Beach

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Neptune Beach- 37.5% - 20.0% - 19.1%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 22 October Year to Date

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

131

102

146

92

New Listings Closed Sales

Year to Date 2018 2019

- 9.8%+ 11.5%

16

10108

New Listings Closed Sales

October 2018 2019

- 20.0%- 37.5%

Page 38: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 20 33 + 65.0% 324 334 + 3.1%

Closed Sales 23 13 - 43.5% 246 228 - 7.3%

Median Sales Price* $450,000 $345,000 - 23.3% $420,000 $382,000 - 9.0%

Percent of Original List Price Received* 93.7% 93.1% - 0.6% 95.5% 96.3% + 0.8%

Percent of Properties Sold Over List Price* 13.0% 7.7% - 40.8% 14.2% 14.0% - 1.4%

Days on Market Until Sale 68 91 + 33.8% 78 73 - 6.4%

Inventory of Homes for Sale 91 93 + 2.2% -- -- --

Months Supply of Inventory 3.9 4.3 + 10.3% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Atlantic Beach

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Atlantic Beach+ 65.0% - 43.5% - 23.3%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 23 October Year to Date

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

+ 60%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

324

246

334

228

New Listings Closed Sales

Year to Date 2018 2019

- 7.3%+ 3.1%

2023

33

13

New Listings Closed Sales

October 2018 2019

- 43.5%+ 65.0%

Page 39: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 6 11 + 83.3% 141 102 - 27.7%

Closed Sales 13 10 - 23.1% 128 88 - 31.3%

Median Sales Price* $199,900 $191,500 - 4.2% $199,950 $199,000 - 0.5%

Percent of Original List Price Received* 97.5% 101.8% + 4.4% 98.3% 98.1% - 0.2%

Percent of Properties Sold Over List Price* 23.1% 30.0% + 29.9% 35.2% 25.0% - 29.0%

Days on Market Until Sale 27 15 - 44.4% 54 47 - 13.0%

Inventory of Homes for Sale 23 17 - 26.1% -- -- --

Months Supply of Inventory 1.8 2.0 + 11.1% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

North Beach / Mayport

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

North Beach / Mayport

+ 83.3% - 23.1% - 4.2%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 24 October Year to Date

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

+ 120%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

141128

10288

New Listings Closed Sales

Year to Date 2018 2019

- 31.3%- 27.7%

6

1311

10

New Listings Closed Sales

October 2018 2019

- 23.1%+ 83.3%

Page 40: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 30 29 - 3.3% 335 274 - 18.2%

Closed Sales 23 18 - 21.7% 237 206 - 13.1%

Median Sales Price* $299,900 $669,500 + 123.2% $464,500 $587,033 + 26.4%

Percent of Original List Price Received* 93.2% 93.9% + 0.8% 93.3% 93.7% + 0.4%

Percent of Properties Sold Over List Price* 0.0% 5.6% -- 5.5% 10.7% + 94.5%

Days on Market Until Sale 95 122 + 28.4% 93 113 + 21.5%

Inventory of Homes for Sale 117 100 - 14.5% -- -- --

Months Supply of Inventory 5.1 5.3 + 3.9% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

NE St. Johns County – Ponte Vedra Beach North

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

NE St. Johns County – Ponte Vedra Beach North

- 3.3% - 21.7% + 123.2%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 25 October Year to Date

- 80%

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

+ 120%

+ 140%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

335

237274

206

New Listings Closed Sales

Year to Date 2018 2019

- 13.1%- 18.2%

30

23

29

18

New Listings Closed Sales

October 2018 2019

- 21.7%- 3.3%

Page 41: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 79 83 + 5.1% 1,029 990 - 3.8%

Closed Sales 55 44 - 20.0% 658 640 - 2.7%

Median Sales Price* $419,000 $506,500 + 20.9% $464,370 $495,000 + 6.6%

Percent of Original List Price Received* 92.9% 95.1% + 2.4% 94.4% 94.1% - 0.3%

Percent of Properties Sold Over List Price* 5.5% 2.3% - 58.2% 6.4% 4.5% - 29.7%

Days on Market Until Sale 91 82 - 9.9% 86 92 + 7.0%

Inventory of Homes for Sale 359 372 + 3.6% -- -- --

Months Supply of Inventory 5.6 6.0 + 7.1% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley

+ 5.1% - 20.0% + 20.9%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 26 October Year to Date

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,029

658

990

640

New Listings Closed Sales

Year to Date 2018 2019

- 2.7%- 3.8%

79

55

83

44

New Listings Closed Sales

October 2018 2019

- 20.0%+ 5.1%

Page 42: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 76 85 + 11.8% 936 971 + 3.7%

Closed Sales 77 83 + 7.8% 688 817 + 18.8%

Median Sales Price* $425,400 $437,766 + 2.9% $420,789 $438,000 + 4.1%

Percent of Original List Price Received* 98.2% 98.4% + 0.2% 97.7% 97.6% - 0.1%

Percent of Properties Sold Over List Price* 24.7% 15.7% - 36.4% 14.4% 14.9% + 3.5%

Days on Market Until Sale 51 51 0.0% 64 72 + 12.5%

Inventory of Homes for Sale 224 208 - 7.1% -- -- --

Months Supply of Inventory 3.0 2.6 - 13.3% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Ponte Vedra / Nocatee (St. Johns County)

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Ponte Vedra / Nocatee (St. Johns County)

+ 11.8% + 7.8% + 2.9%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 27 October Year to Date

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

936

688

971817

New Listings Closed Sales

Year to Date 2018 2019

+ 18.8%+ 3.7%

76 7785 83

New Listings Closed Sales

October 2018 2019

+ 7.8%+ 11.8%

Page 43: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 288 336 + 16.7% 3,269 3,599 + 10.1%

Closed Sales 205 219 + 6.8% 2,554 2,776 + 8.7%

Median Sales Price* $325,000 $325,000 0.0% $316,080 $325,000 + 2.8%

Percent of Original List Price Received* 96.1% 96.5% + 0.4% 96.7% 97.1% + 0.4%

Percent of Properties Sold Over List Price* 9.8% 11.4% + 16.3% 10.7% 13.0% + 21.5%

Days on Market Until Sale 74 77 + 4.1% 79 79 0.0%

Inventory of Homes for Sale 936 950 + 1.5% -- -- --

Months Supply of Inventory 3.7 3.5 - 5.4% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

St. Johns County - NW

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - NW

+ 16.7% + 6.8% 0.0%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 30 October Year to Date

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

3,269

2,554

3,599

2,776

New Listings Closed Sales

Year to Date 2018 2019

+ 8.7%+ 10.1%

288

205

336

219

New Listings Closed Sales

October 2018 2019

+ 6.8%+ 16.7%

Page 44: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 48 39 - 18.8% 422 406 - 3.8%

Closed Sales 31 29 - 6.5% 289 293 + 1.4%

Median Sales Price* $405,000 $370,000 - 8.6% $368,445 $407,000 + 10.5%

Percent of Original List Price Received* 98.1% 95.2% - 3.0% 95.7% 95.5% - 0.2%

Percent of Properties Sold Over List Price* 9.7% 6.9% - 28.9% 11.1% 6.1% - 45.0%

Days on Market Until Sale 61 112 + 83.6% 104 94 - 9.6%

Inventory of Homes for Sale 158 118 - 25.3% -- -- --

Months Supply of Inventory 5.5 4.2 - 23.6% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

St. Johns County - NE

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - NE

- 18.8% - 6.5% - 8.6%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 31 October Year to Date

- 50%

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

422

289

406

293

New Listings Closed Sales

Year to Date 2018 2019

+ 1.4%- 3.8%

48

3139

29

New Listings Closed Sales

October 2018 2019

- 6.5%- 18.8%

Page 45: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 23 29 + 26.1% 273 291 + 6.6%

Closed Sales 15 24 + 60.0% 142 185 + 30.3%

Median Sales Price* $350,000 $311,391 - 11.0% $300,000 $345,000 + 15.0%

Percent of Original List Price Received* 94.9% 93.6% - 1.4% 92.9% 93.4% + 0.5%

Percent of Properties Sold Over List Price* 20.0% 8.3% - 58.5% 6.3% 7.0% + 11.1%

Days on Market Until Sale 104 105 + 1.0% 91 98 + 7.7%

Inventory of Homes for Sale 120 119 - 0.8% -- -- --

Months Supply of Inventory 8.3 6.4 - 22.9% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

St. Johns County - St. Augustine Area - East of US 1

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - St. Augustine Area - East of US 1

+ 26.1% + 60.0% - 11.0%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 32 October Year to Date

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

273

142

291

185

New Listings Closed Sales

Year to Date 2018 2019

+ 30.3%+ 6.6%

23

15

2924

New Listings Closed Sales

October 2018 2019

+ 60.0%+ 26.1%

Page 46: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 164 181 + 10.4% 1,590 1,637 + 3.0%

Closed Sales 98 102 + 4.1% 1,138 1,155 + 1.5%

Median Sales Price* $265,000 $262,882 - 0.8% $249,995 $262,000 + 4.8%

Percent of Original List Price Received* 94.7% 94.9% + 0.2% 95.2% 94.8% - 0.4%

Percent of Properties Sold Over List Price* 5.1% 5.9% + 15.7% 6.7% 7.3% + 9.0%

Days on Market Until Sale 82 93 + 13.4% 91 90 - 1.1%

Inventory of Homes for Sale 562 513 - 8.7% -- -- --

Months Supply of Inventory 5.1 4.5 - 11.8% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

St. Johns County - SE

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - SE

+ 10.4% + 4.1% - 0.8%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 33 October Year to Date

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,590

1,138

1,637

1,155

New Listings Closed Sales

Year to Date 2018 2019

+ 1.5%+ 3.0%

164

98

181

102

New Listings Closed Sales

October 2018 2019

+ 4.1%+ 10.4%

Page 47: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 8 13 + 62.5% 149 141 - 5.4%

Closed Sales 13 13 0.0% 111 95 - 14.4%

Median Sales Price* $210,400 $189,000 - 10.2% $232,500 $196,250 - 15.6%

Percent of Original List Price Received* 89.1% 91.0% + 2.1% 94.7% 93.3% - 1.5%

Percent of Properties Sold Over List Price* 0.0% 0.0% -- 10.8% 16.0% + 48.1%

Days on Market Until Sale 49 72 + 46.9% 79 75 - 5.1%

Inventory of Homes for Sale 38 40 + 5.3% -- -- --

Months Supply of Inventory 3.7 4.6 + 24.3% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

St. Johns County - SW

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County - SW

+ 62.5% 0.0% - 10.2%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 34 October Year to Date

- 100%

- 50%

0%

+ 50%

+ 100%

+ 150%

+ 200%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

149

111

141

95

New Listings Closed Sales

Year to Date 2018 2019

- 14.4%- 5.4%

8

1313 13

New Listings Closed Sales

October 2018 2019

0.0%+ 62.5%

Page 48: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 43 54 + 25.6% 424 468 + 10.4%

Closed Sales 33 36 + 9.1% 326 322 - 1.2%

Median Sales Price* $131,500 $145,250 + 10.5% $104,500 $129,800 + 24.2%

Percent of Original List Price Received* 94.1% 89.9% - 4.5% 91.3% 91.0% - 0.3%

Percent of Properties Sold Over List Price* 21.2% 8.3% - 60.8% 14.7% 9.7% - 34.0%

Days on Market Until Sale 71 108 + 52.1% 87 87 0.0%

Inventory of Homes for Sale 152 173 + 13.8% -- -- --

Months Supply of Inventory 4.9 5.4 + 10.2% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Putnam County NE

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Putnam County NE+ 25.6% + 9.1% + 10.5%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

Region 56 October Year to Date

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

+ 60%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

424

326

468

322

New Listings Closed Sales

Year to Date 2018 2019

- 1.2%+ 10.4%

43

33

54

36

New Listings Closed Sales

October 2018 2019

+ 9.1%+ 25.6%

Page 49: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 36 29 - 19.4% 307 330 + 7.5%

Closed Sales 16 17 + 6.3% 204 243 + 19.1%

Median Sales Price* $61,100 $93,000 + 52.2% $62,000 $77,500 + 25.0%

Percent of Original List Price Received* 89.0% 88.6% - 0.4% 88.8% 89.6% + 0.9%

Percent of Properties Sold Over List Price* 12.5% 11.8% - 5.6% 7.9% 12.8% + 62.0%

Days on Market Until Sale 87 62 - 28.7% 97 76 - 21.6%

Inventory of Homes for Sale 124 115 - 7.3% -- -- --

Months Supply of Inventory 5.9 4.9 - 16.9% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Putnam County - West

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Putnam County - West

- 19.4% + 6.3% + 52.2%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 57 October Year to Date

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

307

204

330

243

New Listings Closed Sales

Year to Date 2018 2019

+ 19.1%+ 7.5%

36

16

29

17

New Listings Closed Sales

October 2018 2019

+ 6.3%- 19.4%

Page 50: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 23 23 0.0% 285 260 - 8.8%

Closed Sales 19 20 + 5.3% 194 193 - 0.5%

Median Sales Price* $110,000 $105,250 - 4.3% $90,000 $125,000 + 38.9%

Percent of Original List Price Received* 91.0% 88.7% - 2.5% 88.5% 89.9% + 1.6%

Percent of Properties Sold Over List Price* 10.5% 0.0% - 100.0% 9.3% 8.8% - 5.4%

Days on Market Until Sale 119 105 - 11.8% 112 112 0.0%

Inventory of Homes for Sale 139 105 - 24.5% -- -- --

Months Supply of Inventory 7.4 5.3 - 28.4% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Putnam County - South

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Putnam County - South

0.0% + 5.3% - 4.3%Change in

New ListingsChange in

Closed SalesChange in

Median Sales Price

Region 58 October Year to Date

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

285

194

260

193

New Listings Closed Sales

Year to Date 2018 2019

- 0.5%- 8.8%

2319

2320

New Listings Closed Sales

October 2018 2019

+ 5.3%0.0%

Page 51: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 27 43 + 59.3% 339 281 - 17.1%

Closed Sales 23 21 - 8.7% 259 184 - 29.0%

Median Sales Price* $193,000 $195,000 + 1.0% $187,500 $185,000 - 1.3%

Percent of Original List Price Received* 92.1% 93.9% + 2.0% 95.0% 94.4% - 0.6%

Percent of Properties Sold Over List Price* 0.0% 0.0% -- 13.5% 12.0% - 11.1%

Days on Market Until Sale 63 64 + 1.6% 52 70 + 34.6%

Inventory of Homes for Sale 87 87 0.0% -- -- --

Months Supply of Inventory 3.4 4.6 + 35.3% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Baker County

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Baker County+ 59.3% - 8.7% + 1.0%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

October Year to Date

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

339

259281

184

New Listings Closed Sales

Year to Date 2018 2019

- 29.0%- 17.1%

2723

43

21

New Listings Closed Sales

October 2018 2019

- 8.7%+ 59.3%

Page 52: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 456 435 - 4.6% 4,460 4,381 - 1.8%

Closed Sales 333 322 - 3.3% 3,203 3,451 + 7.7%

Median Sales Price* $203,000 $224,000 + 10.3% $210,000 $220,000 + 4.8%

Percent of Original List Price Received* 95.6% 96.2% + 0.6% 96.6% 96.5% - 0.1%

Percent of Properties Sold Over List Price* 16.8% 12.7% - 24.4% 17.2% 16.4% - 4.7%

Days on Market Until Sale 56 59 + 5.4% 54 62 + 14.8%

Inventory of Homes for Sale 1,212 933 - 23.0% -- -- --

Months Supply of Inventory 3.8 2.7 - 28.9% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Clay County

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Clay County- 4.6% - 3.3% + 10.3%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

October Year to Date

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

4,460

3,203

4,381

3,451

New Listings Closed Sales

Year to Date 2018 2019

+ 7.7%- 1.8%

456

333

435

322

New Listings Closed Sales

October 2018 2019

- 3.3%- 4.6%

Page 53: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 1,910 1,882 - 1.5% 19,430 19,353 - 0.4%

Closed Sales 1,451 1,280 - 11.8% 13,948 14,508 + 4.0%

Median Sales Price* $190,000 $208,000 + 9.5% $195,005 $205,000 + 5.1%

Percent of Original List Price Received* 95.4% 95.2% - 0.2% 95.9% 95.6% - 0.3%

Percent of Properties Sold Over List Price* 12.6% 12.5% - 0.8% 15.6% 14.5% - 7.1%

Days on Market Until Sale 51 58 + 13.7% 55 58 + 5.5%

Inventory of Homes for Sale 4,912 4,193 - 14.6% -- -- --

Months Supply of Inventory 3.6 2.9 - 19.4% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Duval County

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Duval County- 1.5% - 11.8% + 9.5%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

October Year to Date

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

19,430

13,948

19,353

14,508

New Listings Closed Sales

Year to Date 2018 2019

+ 4.0%- 0.4%

1,910

1,451

1,882

1,280

New Listings Closed Sales

October 2018 2019

- 11.8%- 1.5%

Page 54: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 131 155 + 18.3% 1,409 1,598 + 13.4%

Closed Sales 89 91 + 2.2% 987 1,149 + 16.4%

Median Sales Price* $300,000 $261,703 - 12.8% $260,775 $270,000 + 3.5%

Percent of Original List Price Received* 96.1% 96.0% - 0.1% 96.5% 96.7% + 0.2%

Percent of Properties Sold Over List Price* 12.4% 12.1% - 2.4% 14.4% 15.9% + 10.4%

Days on Market Until Sale 68 77 + 13.2% 75 74 - 1.3%

Inventory of Homes for Sale 442 457 + 3.4% -- -- --

Months Supply of Inventory 4.4 4.1 - 6.8% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Nassau County

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Nassau County+ 18.3% + 2.2% - 12.8%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

October Year to Date

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

+ 25%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,409

987

1,598

1,149

New Listings Closed Sales

Year to Date 2018 2019

+ 16.4%+ 13.4%

131

89

155

91

New Listings Closed Sales

October 2018 2019

+ 2.2%+ 18.3%

Page 55: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 102 106 + 3.9% 1,013 1,056 + 4.2%

Closed Sales 67 73 + 9.0% 722 758 + 5.0%

Median Sales Price* $124,000 $124,900 + 0.7% $89,000 $115,000 + 29.2%

Percent of Original List Price Received* 91.8% 89.3% - 2.7% 89.8% 90.3% + 0.6%

Percent of Properties Sold Over List Price* 14.9% 6.8% - 54.4% 11.2% 10.4% - 7.1%

Days on Market Until Sale 89 96 + 7.9% 97 89 - 8.2%

Inventory of Homes for Sale 414 391 - 5.6% -- -- --

Months Supply of Inventory 5.9 5.2 - 11.9% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

Putnam County

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Putnam County+ 3.9% + 9.0% + 0.7%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

October Year to Date

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

+ 60%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

1,013

722

1,056

758

New Listings Closed Sales

Year to Date 2018 2019

+ 5.0%+ 4.2%

102

67

106

73

New Listings Closed Sales

October 2018 2019

+ 9.0%+ 3.9%

Page 56: Monthly Indicators - NEFAR.com...Monthly Indicators A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS October 2019 Quick Facts September. While the Federal

A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

2018 2019 + / – 2018 2019 + / –

New Listings 709 793 + 11.8% 7,937 8,248 + 3.9%

Closed Sales 513 525 + 2.3% 5,774 6,117 + 5.9%

Median Sales Price* $336,585 $334,900 - 0.5% $325,000 $337,445 + 3.8%

Percent of Original List Price Received* 95.6% 95.9% + 0.3% 95.9% 96.1% + 0.2%

Percent of Properties Sold Over List Price* 10.1% 9.5% - 5.9% 9.5% 10.7% + 12.6%

Days on Market Until Sale 75 82 + 9.3% 83 84 + 1.2%

Inventory of Homes for Sale 2,497 2,411 - 3.4% -- -- --

Months Supply of Inventory 4.3 4.0 - 7.0% -- -- --

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of November 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Local Market Update – October 2019

All MLS

St. Johns County

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

St. Johns County+ 11.8% + 2.3% - 0.5%

Change in New Listings

Change inClosed Sales

Change in Median Sales Price

October Year to Date

- 25%

- 20%

- 15%

- 10%

- 5%

0%

+ 5%

+ 10%

+ 15%

+ 20%

1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Change in Median Sales Price from Prior Year (6-Month Average)** b

a

7,937

5,774

8,248

6,117

New Listings Closed Sales

Year to Date 2018 2019

+ 5.9%+ 3.9%

709

513

793

525

New Listings Closed Sales

October 2018 2019

+ 2.3%+ 11.8%