Some good news for homebuyers in Northeast Florida: The median home prices were down in August compared to the month prior.
For aspiring homeowners like 28-year-old Sara Jones, the past few years of skyrocketing home prices have made homeownership seem unattainable.
“Like three years ago, when I originally wanted to move here, I should have just bought a house cause it would have been a lot cheaper, but now I’m just sticking to renting,” said Jones.
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But the new statistics from the Northeast Florida Association of Realtors suggest the trend may be swinging in the other direction.
Median home prices in the region dropped by 3.7% in August to $383,990.
“I think we’re coming into a healthy marketplace where the affordability is not going to be necessarily as out of reach of as many buyers as it may have been,” said Rory Dubin, President of NEFAR.
The decrease wasn’t universal, however.
While Duval, Clay, and St. Johns Counties saw median prices fall, month-over-month prices in Nassau, Baker, and Putnam saw significant jumps. It was as high as 23.1% in Baker.