Northeast Florida Homebuyers Benefit From Growing Inventory

Median price in July: $394K, ↑1.1% MoM, ↓1.5% YoY
Inventory ↑11.3% to 8,882 homes, highest in ≥5 years; 4.8-month supply region-wide.
Closed sales ↓9.4% MoM to 1,849; pending sales ↓28.9%.
Buyers gain more choices and leverage as inventory rises.
July permits for new homes ↑7.9% MoM but ↓19.1% YoY; YTD permits ↓32% from last year.

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Noida Farfan

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