Inventory continues to be the big issue in February, with a decrease of 31.5% year over year in Northeast Florida. The inventory trend aligns with what many housing experts are seeing nationally, as well, as evidenced by this timely post over at The KCM Blog.
That said, it’s important not to rely too heavily on national trends when buying or selling in a particular neighborhood. I’ll direct your attention to region 26 in this report, one of the areas we serve, where inventory is actually up 3.4% and the median sale price is down 2.4%. So stats truly need to be analyzed neighborhood by neighborhood. Contact us if you’d like more information on what’s happening in your corner of the world…
Download the full report (PDF).
Stats provided by the Northeast Florida Association of Realtors.