The Northeast Florida Association of Realtors reported that 31,881 homes were sold, up 5.4% from the 30,258 homes sold in 2018.
“Despite low inventory being a constant, significant factor in the housing market the past several years, buyer demand has not waned, resulting in a record-breaking 31,881 home sales in Northeast Florida in 2019,” said Ron Harris, 2020 NEFAR president.
NEFAR sees continued optimism in the residential real estate market, strengthened by a healthy economy, record low unemployment, wage growth and low mortgage interest rates, according to WJCT News partner the Jacksonville Daily Record.
NEFAR housing data is from the Northeast Florida Multiple Listing Service and covers Baker, Clay, Duval, Nassau, Putnam and St. Johns counties. Not all Realtors in the counties are participants in the NEFMLS.
An expanded version of this story is at JaxDailyRecord.com.
