Northeast Florida Home Sales Rise as Inventory Expands Across Six-County Region

Northeast Florida's housing market posted steady sales gains in June 2026, with closed transactions climbing 3.3 percent from May to 2,100 homes sold across the six-county region, according to data released July 10 by the Northeast Florida Association of Realtors. The region's active inventory stood at 7,216 homes, representing a 3.4-month supply, as buyers found more options compared to the spring market.

The median price for single-family homes across the region rose 2.4 percent to $420,000 in June, while homes sold faster, spending a median of 31 days on the market—an 8.8 percent decrease from May. Pending sales, however, dropped sharply by 32.5 percent to 1,301 contracts signed during the month, a slowdown after strong spring activity. There were 2,608 new listings added in June.

What the numbers show by county

Duval County recorded 988 closed sales in June, up 3.5 percent from May, with a median home price of $350,000—a 3.2 percent decrease from the previous month. Homes in Duval spent a median of 25 days on the market, 10.7 percent fewer than May, the fastest sales pace in the region. The county had 667 pending sales and 1,378 new listings, a 1.8 percent increase. Active inventory stood at 3,481 homes, a 3.5-month supply. The Home Affordability Index fell slightly to 94, indicating that a median-income family earns 94 percent of the income needed to qualify for a median-priced home with a 20 percent downpayment at current interest rates.

St. Johns County's median home price edged down 0.2 percent to $579,000, making it the region's most expensive market. The county closed 610 sales, a 1.8 percent increase from May, with homes spending a median of 34 days on the market, unchanged from the prior month. There were 310 pending sales and 621 new listings. Active inventory was 1,841 homes, representing a three-month supply. The Home Affordability Index remained at 57, the lowest in the region, meaning median-income families earn only 57 percent of the income needed to qualify for a mortgage on a median-priced home there.

Clay County saw its median home price rise 2.3 percent to $368,140, with 317 closed sales, up 3.6 percent from May. Homes spent a median of 29 days on the market. The county had 182 pending sales and 369 new listings, a 13 percent decrease from the previous month. Active inventory stood at 1,063 homes, a 3.4-month supply. The Home Affordability Index fell to 90.

Nassau County's median price jumped 7.1 percent to $504,500, while closed sales declined 8.1 percent to 114 transactions. Homes spent a median of 49 days on the market, a 24.1 percent increase from May, the slowest sales pace in the six-county area. Pending sales dropped 31.2 percent to 86, and new listings fell 24.6 percent to 138. Active inventory was 490 homes, a 4.3-month supply. The Home Affordability Index fell 7.1 percent to 65.5.

Putnam County recorded the region's most affordable median home price at $301,200, an 8 percent increase from May. Homes sold faster, spending a median of 44 days on the market—a 42.9 percent decrease. The county closed 47 sales and had 41 pending sales. New listings climbed 23.8 percent to 78, and active inventory was 262 homes, representing a 5.6-month supply, the highest in the region. The Home Affordability Index fell 7.6 percent to 110, though it remained above 100, meaning median-income families earn more than enough to qualify for a median-priced home there.

Baker County saw the sharpest median price drop, falling 25.3 percent to $339,975, the second-most affordable county. Homes spent a median of 48 days on the market, a 118.2 percent increase from May, indicating a significant slowdown. There were 24 closed sales, 15 pending sales, and 24 new listings. Active inventory stood at 79 homes, a 3.3-month supply. The Home Affordability Index climbed 32.9 percent to 97.

What growing inventory means for buyers and sellers

The expansion in active inventory to 7,216 homes—a 3.4-month supply—marks a shift toward a more balanced market compared to the supply-constrained conditions of recent years. In real estate, a balanced market is generally considered to have four to six months of inventory; below that favors sellers, above it favors buyers. At 3.4 months, the region remains slightly seller-friendly overall, but the trend is providing buyers more negotiating leverage than they had during the spring.

For buyers, more inventory means less pressure to make rushed offers and more time to conduct inspections, compare properties, and negotiate terms. The 8.8 percent decrease in median days on market to 31 days, however, indicates that well-priced homes are still moving quickly, so buyers who find a desirable property still face competition. The sharp 32.5 percent drop in pending sales—contracts signed but not yet closed—suggests that the surge of spring buyers may have pulled forward demand, and the summer market is settling into a steadier pace.

For sellers, the data underscores the importance of pricing strategy. In markets like Duval, where prices dipped 3.2 percent and homes sold in a median of 25 days, properties priced at or slightly below market are attracting offers quickly. In slower-moving markets like Nassau and Baker, where median days on market exceeded 48 days, sellers may need to adjust expectations or improve home presentation to compete with rising inventory. The variability across counties—St. Johns holding steady at $579,000, Nassau jumping 7.1 percent, Baker falling 25.3 percent—reflects differing local supply-demand dynamics and the types of inventory available in each market.

How affordability shapes the market across counties

The Home Affordability Index provides a snapshot of whether typical families in each county can afford typical homes at current prices and interest rates. An index of 100 means a median-income household earns exactly enough to qualify for a mortgage on a median-priced home with a 20 percent downpayment. Above 100 means more than enough income; below 100 means a shortfall.

St. Johns County's index of 57 reflects the ongoing affordability challenge in the region's most desirable school district and coastal areas. Median-income families there earn just over half the income needed to qualify for a $579,000 home, pricing out many first-time and middle-income buyers unless they have significant savings or dual high incomes. This dynamic helps explain the steady three-month inventory supply—demand remains strong among higher-income buyers and retirees, but the pool of qualified purchasers is narrower than in more affordable counties.

Duval County's index of 94 and Clay's 90 indicate that median-income families are close to, but still slightly below, the income needed to afford median-priced homes in those markets. These counties attract a broader range of buyers, including first-time purchasers and those priced out of St. Johns. The faster sales pace in Duval—25 median days on market—suggests strong demand from this segment.

Putnam and Baker counties, with affordability indexes of 110 and 97 respectively, offer the region's most accessible entry points. Putnam's 5.6-month inventory supply, the highest in the region, indicates that buyers there have ample time and choice. These rural-suburban markets typically draw buyers seeking lower costs and larger lots, though they trade off longer commutes to Jacksonville's job centers and fewer amenities compared to the core metro counties.

Nassau County's index of 65.5, the second-lowest after St. Johns, reflects the premium for coastal access and proximity to Amelia Island's resort economy. The 7.1 percent price increase to $504,500 and the 24.1 percent jump in median days on market to 49 days suggest that Nassau is testing the upper limits of buyer willingness to pay in the current rate environment. The sharp 31.2 percent drop in pending sales there may indicate buyers pulling back as prices rose.

What happens next in the summer market

The housing market typically slows through the summer months as families settle after the spring school-transition buying season and vacations interrupt shopping and moving schedules. The 32.5 percent decline in pending sales from May to June suggests this seasonal pattern is taking hold. Whether closed sales continue their upward trend in July and August will depend on whether the inventory of 7,216 homes attracts new buyers who sat out the spring, or whether the summer lull dominates.

Interest rates remain a key variable not detailed in the report but implied by the affordability calculations. Any movement in mortgage rates in the coming months will directly affect affordability indexes and buyer purchasing power, particularly in the marginal counties where indexes hover near 100. Sellers watching the data may time listings to avoid the summer slowdown, holding properties for a potential fall market uptick if rates moderate or new buyers enter as students return to school.

Buyers and sellers can track monthly market updates through the Northeast Florida Association of Realtors, which represents more than 13,000 real estate professionals across the region and operates the realMLS multiple listing service. The association's data covers residential sales across Duval, St. Johns, Clay, Nassau, Putnam, and Baker counties, providing the most comprehensive view of transaction activity in the six-county area.

The June numbers arrive as Northeast Florida continues to absorb steady population growth, with new residents drawn by the region's cost-of-living advantage over South Florida and the continued expansion of employment in logistics, healthcare, and defense sectors tied to the military presence and JAXPORT. How the housing market balances this inbound demand with rising prices, fluctuating mortgage rates, and the gradual addition of new construction inventory will shape affordability and growth patterns across the region through the remainder of 2026 and into 2027.