The First Coast saw a mixed bag in terms of home sales figures in May. That's according to the Northeast Florida Association of Realtors (NEFAR) data released this week. The six-county Northeast Florida region saw 1,984 closed sales last month. That's a 10% decrease in home closings compared to May 2024, when there were 2,204 closings. But the latest number was a 3.5% increase over the April 2025 figure, which was 1,917.  May's home sales were a mixed bag, with fewer closings but rising inventory creating balance. The median cost of a home on the First Coast came in at $388,995 for May. That's a 3.7% decrease from May 2024, when that figure was $403,995 and a 0.2% decline from April 2025, when the median price tag was $338,173. NEFAR officials say the numbers indicate the housing market is evening out. "In general, we are seeing the shift to a more balanced market for both buyers and sellers," said 2025 NEFAR President Mario Gonzalez. "These changes may continue to signal more sellers to choose to list their home before things shift more to potentially favoring buyers." One element of the monthly market analysis that favors buyers is the growing number of homes for sale. There were 9,147 homes for sale in the Northeast Florida region in May. That's a 20.1% increase over May 2024, when there were 7,616 homes for sale. It's a jump from April's number of 8,577, a 6.6% uptick. While May's inventory increase is notable, it's not as dramatic as the spike seen in April, when there was a sharp 24.5% jump over April 2024's figure and a 10.2% increase from March. Individual First Coast county analyses were also mixed. Duval County, the region's largest county by population, with Jacksonville as its key city, had 991 closed home sales. That's an 8% drop from May 2024, but a 0.6% increase compared to April 2025. The median home sale price was $329,990, representing a decrease in both year-over-year and month-over-month comparisons. It was a 4.4% decline from May 2024's median price of $345,000 and a 1.5% drop from the April cost of $335,000. St. Johns County, one of the nation's fastest-growing counties, had a median home sale price of $550,000 in May, a 2.7% drop from May 2024's price of $565,000 and a 3% decline from April's sales price of $566,900. The number of closed sales in St. Johns was mixed, like the rest of the region, with 530 transactions last month. That's a 19.8% drop from May 2024's 661 sales but a 13.2% increase over April's number of 468 closings. Nassau County also had mixed results in May, with last month's median home sale cost at $463,400. That's a 9% increase from May 2024's price of $425,000, but a 3.5% drop from April's median cost of $480,000. There were 119 closings, a 16.8% drop from May 2024 and a 9.2% decline compared to April. |
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