Home sales have taken a slide in January 2018 for Northeast Florida, according to a recent National Mortgage News report. However, activity in the St. Johns County area was still strong overall.
"A report from the Northeast Florida Association of Realtors showed that in the six-county area there were 1,590 sales, which was a 2.9% drop from 1,638 sales in January 2018," according to NMN.
"The report noted that January is typically a sluggish month for home sales. However, St. Johns County showed an increase of 1.6% in sales. The median price was $305,000. NEFAR stats do not cover the entirety of St. Johns County."
According to the report, the region saw record breaking numbers in 2018, however, experts don't find the slow all that surprising. For St. Johns County, the increase in activity could be attributed to the increase in single-family permits that were issued.
"Interestingly, the commercial building sector also rebounded after a very slow finish to 2018. After 58 commercial permits in December, there were 102 in January," according to the report.
To learn more about the home sale slow in Northeast Florida, click on the image above.