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An increase of a fraction of a point can take some buyers out of the real estate market.
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An increase of a fraction of a point can take some buyers out of the real estate market.
According to the Northeast Florida Association of Realtors, in January 2022, the median home price in Northeast Florida was $343,000 – up 24% from January 2021.
Inventory remains tight, according to the Northeast Florida Association of Realtors.
Home prices, inflation and rising interest rates will soon create a balance in the housing market, say FAU researchers, though prices will remain high.
Northeast Florida's home market shows "signs of moderating" but "still is firmly entrenched as a sellers’ market,” a Realtors' group head said.