More inventory, fewer sales as Northeast Florida housing market moves toward balance in August

Saw something interesting in August’s numbers: Northeast Florida’s housing market is edging toward balance. We saw a 1.6% dip in median home price—to $397,420. There were 1,696 sales, with homes spending a median of 31 days on the market and a 3.6-month supply out there. Here’s the good news for buyers: affordability took a step in the right direction, with the Home Affordability Index up to 84. For my fellow VA buyers and military families in Duval County, this means a bit more breathing room and less frantic bidding. Real, practical changes on the ground—not just stats. If you’re sorting through your options, I’m always tuned into what actually helps you move forward, not just what looks good in a headline.