Housing market lacks supply

Northeast Florida’s housing market desperately needs more homes. In June, the region’s residential market continued its frenzied pace, with low interest rates and a limited inventory fueling record high sales prices. With an available months’ supply of...

Homes sell within hours to days after being placed on the market in Northeast Florida, often for more than the asking price. Graphic by Metro Creative Connection
Homes sell within hours to days after being placed on the market in Northeast Florida, often for more than the asking price. Graphic by Metro Creative Connection

For the Record

 

Northeast Florida’s housing market desperately needs more homes.

In June, the region’s residential market continued its frenzied pace, with low interest rates and a limited inventor…