NEFAR: Closed sales slowing, but prices still show increase

Low supply continues to be the story in Jacksonville's housing market as for the third straight month inventory declined, according to data collected by the Northeast Florida Association of Realtors. There were only 9,290 homes listed for sale in Northeast Florida as of August, which was a decline of 14.3 percent year-over-year. Despite the overall drop, 3,222 new homes were listed in August, which was a 2.3 percent increase year-over-year. This is good news for sellers. The decrease in number…

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