Northeast Florida's median single-family home price edged up to $399,056 in October, but the region's housing market showed clear signs of cooling elsewhere: closed sales fell, pending sales dropped, and the area's affordability index slid to 78 from 81 the month before. Active inventory climbed to 6,531 homes, giving buyers more to choose from even as fewer of them actually closed deals.
According to a News4JAX report, the median price rose from $399,000 in September, while closed sales dropped to 1,477 from 1,581 and pending sales fell to 1,501 from 1,591. The region's active inventory now represents a 4.4-month supply, up from four months in September.
The affordability index, which fell to 78 from 81, matters because an index below 100 means a median-income family does not earn enough to qualify for a mortgage on a median-priced home, according to the Northeast Florida Association of REALTORS®. The association defines a reading of exactly 100 as the point where that median-income family has precisely enough to purchase a median-priced existing home — meaning Northeast Florida's October score still leaves a gap between typical earnings and typical home costs.
Duval and Clay See Diverging Fortunes
Duval County's sales declined year over year.
Clay County's active inventory grew to 994 homes from 954, pushing the month's supply to 4.5 from 4.4. In a June 2026 snapshot, Putnam County was the region's most affordable.
St. Johns, Nassau and Smaller Counties Shift
St. Johns County recorded 398 closed sales in August. Nassau County also recorded closed sales in August.
Putnam County recorded 42 closed sales in August. Baker County also recorded closed sales in August.
A separate Florida Politics snippet reported the October median sales price at $399,056, up 4.1% from $383,210 a year earlier, though that figure carries lower confidence than the regional data confirmed elsewhere. Looking back further, the Northeast Florida Association of REALTORS® reported that August's median price had actually fallen 1.6% to $397,420, with 1,696 closed sales that month representing a 10.7% decrease from July and a 3.6-month supply of active inventory. Together, the month-to-month swings underscore a market still searching for its footing as buyers gain leverage even while prices tick higher.
