Fewer Sales, Higher Prices For April Real Estate Market
2,334 home sales take place in an average of 67 days. Prices spike to a $250,000 median and $298,438 average, with 15.2% of sales for more than original listing price.
Jacksonville, Fla. – April 2020 real estate market reports for Northeast Florida are now available on the Market Stats tab of NEFAR.com. Except where otherwise indicated, statistics reflect combined results for single-family residential and condominium properties.
As COVID-19 continued to assert itself throughout April, real estate activity in Northeast Florida kept to a steady pace. There were 2,334 closed sales, similar to February (2,348 sales) or November 2019 (2,354 sales), but a 22.9% drop from a year ago in April 2019.
While the quantity of sales were down, pricing took an opposite track. The media...