February’s real estate market saw an increase in activity.  Although it is still a tight market, sales and new listings saw an increase this month over January.  The median sales price increased 11.4% for the region to $215,005 and the average sales price increased 12% to $256,725 over last year.

Riverside/Avondale/Ortega: 78% increase in new listings; 4.5% increase in median sales price

Murray Hill: 22% increase in median sales price; 18% of listings sold over list price; 32% dip in months supply of inventory

Westside: 3.6% dip in new listings; 14% increase in median sales price; listings spend an average of 13 days less on the market

Check out a recap of February 2018’s market statistics to see how your neighborhood fared:

Click to read NEFAR’s February 2018 market statistics

Source: Northeast Florida Association of Realtors

Follow my Facebook page for #marketstatmonday – Each week I highlight a new neighborhood and how its market is faring