A competitive market is driving prices upward around the First Coast.
Recently released housing statistics from the Northeast Florida Association of Realtors show an increasingly lopsided market with low inventory, strong demand and, in some instances, prices being bid up over asking.
With November’s numbers just recently updated, let’s take a look at some key stats…
Clearly, demand is strong, but inventory is low. The number of homes listed for sale in the area has been decreasing all year, with a drop of more than 44% over the same time last year.