Northeast Florida home prices edge up in October as sales fall and affordability slips
Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.
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Northeast Florida’s median home price edged up in October, while closed sales declined and affordability worsened, according to the Northeast Florida Association of Realtors.The median price for a single-family home across the six-county region increased to $399,056 from $399,000 in September. Homes spent a median of 36 days on the market, unchanged from the previous month.The region recorded 1,477 closed sales, down from 1,581 in September, and 1,501 pending sales, compared with 1,591. There were 2,208 new listings, up from 2,199, and 6,531 homes in active inventory, compared with 6,287. That represented a 4.4-month supply, up from four months.The Home Affordability Index fell to 78 from 81. An index below 100 means a median-income family does not earn enough to qualify for a mortgage on a median-priced home, based on the index’s assumptions.See the interactive county-by-county map below.County-by-county prices, sales and affordability; Duval County: The median price fell to $337,000