NEFAR March 2020 Data

[Jack Bobeck]

Keep in mind that Jacksonville did not declare a shut down in the City until April 1, 2020. April data will be interesting to see:

#NEFAR March Real Estate Overview: Prices and Sales Still Strong Despite COVID-19

~ 2,672 home sales, up 2.1% from a year ago and the most sales since December's 2,746
~ average sales price $287,210, up 6.7% from a year ago
~ $243,635 median sales price, up 5.9% from a year ago
~ 70 days on market until sale average (71 days a year ago)
~ 8,375 in inventory, nearly 15% less than a year ago
~ 3.1 months of inventory, was 3.9 months in March 2019
~ 14.2% of sales were for more than original listing price

2020 NEFAR President Ron Harris said, “COVID-19s impact on real estate sales in Northeast Florida in March was negligible. What did change, and what the public needs to know, is that the way Realtors are conducting business is drastically altered. NEFAR continues to urge members to follow these best business practices, for the health and safety of their customers, themselves, and our community at large.” 

The Full March 2020 report can be found here.