A spring surge has invigorated Northeast Florida’s housing market, as March saw a sharp uptick in home sales and a bump in property listings, according to the latest data from the Northeast Florida Association of Realtors.
Key Takeaways
- March home sales up 22.6% region-wide from February
- Median price rises 1.5% to $395,000
- Inventory expands 9.1% as more sellers list homes
- Home affordability index drops, signaling tightening conditions
- Market momentum evident across six-county area
Northeast Florida Market at a Glance
The housing market crossed into spring 2026 with renewed energy as buyers snapped up more homes and sellers responded by listing new properties. Region-wide, closed single-family home sales totaled 1,847 in March—a 22.6% jump from February. Meanwhile, new listings climbed 14.6% to 2,663, and active inventory increased to 6,901 homes, up 9.1%.
The median sales price for a single-family home in Northeast Florida hit $395,000 in March, an increase of 1.5% month-over-month. The Home Affordability Index—a gauge of how easily a median-income family can purchase a median-priced home—declined by 2.3% to 86, indicating that while more homes are available, affordability remains strained for many.
County-by-County Breakdown
Duval County
- Median price: $335,000 (+2.8%)
- Median days on market: 35 (-20.5%)
- Closed sales: 955 (+24.7%)
- Affordability index: 101
Clay County
- Median price: $364,990 (+4.3%)
- Closed sales: 269 (+33.8%)
- Affordability index: 93
St. Johns County
- Median price: $550,000 (+1.2%)
- Median days on market: 47 (-21.2%)
- Affordability index: 62 (lowest in region)
Putnam County
- Median price: $186,950 (-32.2%)
- Median days on market: 34 (-35.6%)
- Affordability index: 182 (highest in region)
Nassau County
- Median price: $459,500 (-5.3%)
- Median days on market: 51 (-15%)
- Affordability index: 74
Baker County
- Median price: $355,000 (+41.8%)
- Median days on market: 66 (+131.6%)
- Affordability index: 96
Increasing Inventory and Buyer Demand
The influx of new property listings gave buyers more options throughout Northeast Florida. The median number of days homes spent on the market fell to 40 days—a drop of 20% from the previous month—reflecting robust demand. However, the affordability index’s dip signals that rising prices and interest rates could keep some buyers on the sidelines.
Outlook: Momentum Builds Into Spring
Northeast Florida’s real estate market enters the prime spring season with significant energy. Industry observers note that as inventory expands and sellers remain active, buyers are expected to stay engaged despite affordability challenges. The coming months will be critical in determining if this positive momentum can be sustained through the competitive summer market.