The buying fever that drove up Jacksonville home prices cooled slightly in August, with median sales price dropping back to $300,000, data released Friday by the Northeast Florida Association of Realtors showed.
That price remained extraordinary for Northeast Florida but was still down $5,000 — about 1.6 percent — from the record-setting level seen a month earlier.
New listings and closings of home purchases also dipped in August, although the 3,424 houses with sales pending in August represented a few dozen more than a month earlier.
Although it was the first month this year when median prices dropped, the housing market remained hot as the summer wound down.
“Buyer fatigue and summer vacations brought a slight increase in inventory in August, but it is still not enough to balance buyer demand,” NEFAR President Missi Howell said in a release that accompanied the monthly data.
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