Northeast Florida housing market, May 2026.
May 2026 told a tighter story than the consensus expected. The median single-family sale across the nine-county realMLS region hit $405,000, up 5.2% year over year. Active inventory finished the month at 7,751 single-family listings, down 14.5% from May 2025, and new listings fell 11%. The market sat at 3.7 months of supply, still inside seller-leaning territory.
The numbers
| Metric | May 2026 | vs. May 2025 | vs. April 2026 |
|---|---|---|---|
| Median sales price | $405,000 | +5.2% | +4.8% |
| Closed sales | 2,072 | -4.3% | +1.5% |
| Median days on market | 32 | -13.5% | -8.6% |
| List price received | 97.9% | +0.5% | +0.4% |
| Sales closed over list price | 13.6% | +24.4% | +12.1% |
| Home affordability index | 82 | -1.2% | -5.7% |
| Median sold price per sq ft | $211 | +2.4% | +2.9% |
| New pendings | 1,446 | -32.9% | -30.1% |
| New listings | 2,888 | -11.0% | -3.1% |
| Active inventory | 7,751 | -14.5% | +8.3% |
| Months supply of inventory | 3.7 | -10.7% | +6.6% |
Source: Data provided by realMLS. Single Family Residence, all nine realMLS counties. Statistics processed by Domus Analytics. Figures as reported in early June 2026; the freshest month's pending and sold counts typically revise upward.
What mattered
Supply tightened against the narrative. The early-2026 storyline was rising inventory and improving affordability. By May, single-family active inventory was down 14.5% year over year and new supply was shrinking in every price band below $1M. The $1M+ band held flat, quietly lifting luxury's share of new listings from 5.7% to 6.7% in a year.
Demand showed its first real soft spot. New pendings came in at 1,446, down roughly a third from both the prior month and prior year. Fresh pending counts revise upward as late contracts get recorded, so the print overstated the cooling. But paired with closed sales down 4.3% year over year, the direction into summer was soft even as homes that did sell moved faster (32 days, two weeks quicker than last May) and 13.6% closed over asking.
The region kept diverging from its neighbors. All-residential months of supply: Northeast Florida 4.35, Daytona 6.12, St. Augustine plus Space Coast 8.03. One state, ninety minutes of driving, three different markets.
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