Northeast Florida home sales struggle in January

First Coast housing sales slumped in January, dropping in both annual and monthly comparisons.

The Northeast Florida Association of Realtors (NEFAR) published its report on the monthly data for the six-county region and there were 1,115 closed sales last month. That’s down by 8.5% from January 2025 when there were 1,219 single-family units sold and a 38.8% drop from December’s 1,823 closed sales.

The median sales price also fell to $369,990. That’s a 1.3% drop from a year ago when the median sales price was $375,000 and down by 5.1% from December’s figure of $389,990.

Those numbers came as inventory was mixed. There were 6,598 homes on the market last month, an 8.1% drop from January 2025, but a 4.4% uptick from December’s figure of 6,322.

“Northeast Florida is moving toward a healthier balance. Increased inventory and improved affordability are giving buyers renewed confidence, while sellers continue to benefit from consistent demand. This reflects a maturing market that supports long term stability across our region.”, says NEFAR President, Kim Knapp.

Duval County had 584 homes sold last month, an 8.9% annual drop and a 36.2% decline from December. The median sales price in Jacksonville settled at $313,950 in January, a 0.3% annual drop and a 6.3% downturn from December.

St. Johns County saw even bigger declines in homes sold with 268 closed sales last month, down 9.8% annually and a staggering 45.6% drop from December. The median sales price was $546,500, a 3% annual increase and a 0.6% drop from the previous month.

Nassau County’s data last month was more bleak. There were only 49 homes sold in January, down 29% from a year ago and a sharp 55.5% fall from December. The median sales price was $435,000 in January, down 7.4% from January 2025 and a 4.4% decline from the previous month.

Clay County saw positive trends in median sales price which came in at $368,000 in January, a 4.8% increase from a year ago and a 3.4% jump from December. Closed sales were mixed registering 181 homes sold, a 9% increase in the annual comparison, but a 27.9% drop from the previous month.

Putnam County had only 23 homes sold accounting for a 28.1% drop from last year and a 36.1% fall from December. The median sales price was $228,900, a 1.5% decline from last year and a 15.2% drop from the month before.

Baker County registered only 10 home sales, a 28.65% drop from a year ago and a 41.2% decline from December. The median sales price was $401,000, a 25.5% hike in the annual comparison and an 11.4% uptick from December.