The cost of buying a house on the First Coast rose in May. The Northeast Florida Association of Realtors (NEFAR) released market data on the median price of a single-family home in the six-county region. The cost of a home increased to $410,000 in May, up 6.1% from a year ago, when the median price was $386,500. It’s also a jump from the April median price of $390,000, a 5.1% jump. 
Home prices on the First Coast continue climbing despite mixed sales activity. Home sales were mixed, though. There were 1,969 closings on the First Coast last month, down from May 2025, when 2,064 homes sold. That’s a 16.2% decline. But sales increased from the previous month, with 1,914 homes sold in April, representing a 2.9% increase. NEFAR President Kim Knapp said she’s upbeat about the First Coast housing market. “May’s data highlights a market that is adjusting to a more sustainable pace. Inventory growth is creating additional opportunities for buyers, while strong consumer interest continues to support home values and sales activity,” Knapp said. The inventory numbers were also mixed. There were 7,109 homes on the First Coast market in May, a notable 15.1% drop from May 2025, when there were 8,370 homes for sale. But last month’s inventory was an 8.6% increase from April’s figure of 6,544. Duval County, home to Jacksonville and the region’s largest market, saw notable declines in home sales in May, with 926 closings. That’s an 11% drop from a year ago and a 2.3% decline from April. The median sales price came in at $340,000, a 3.5% uptick from last year and a 3% increase compared to April. St. Johns County, one of Florida’s fastest-growing counties, posted solid home sales, with 576 in May. That’s a 5.9% jump over May 2025 and a 14.5% increase compared to April. The median sales price came in at $580,000, a 5.5% increase from a year ago, but a 1.2% decline from April. Nassau County had 121 closed sales in May, a 1.6% decline from the prior year. But it’s a 9% hike from April. The median sales price in Nassau was $480,000 in May, a 3.6% increase in both the annual and monthly comparisons. Clay County’s housing market struggled a bit in May, with 297 sales. That’s a 1.7% increase in the year-over-year gauge, but a 2.3% drop from April. The Clay median sales price was $359,900 last month, a 2.5% decline from May 2025 and a 1.4% fall from April. |
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