The latest data from the Northeast Florida Association of Realtors shows a growing gap between homes that are attracting buyers and those that are lingering on the market.
According to the graphic from The Market Distillery, only 43% of active listings in June were on the market for less than 60 days — the threshold considered “in the market,” or appropriately priced for current buyer demand.
That means more than half of all listings 57% have been sitting for over two months, suggesting they may be overpriced or lacking appeal compared to new competition.
🔍 Here’s how the current inventory breaks down by Days on Market (DOM):
0–29 days: 24%
30–59 days: 19%
60–89 days: 17%
90–119 days: 12%
120–149 days: 8%
150–179 days: 4%
180+ days: 16%
💡 What This Means for Sellers:
Overpricing a home even slightly can cause it to sit and go stale. The longer it sits, the more buyers wonder “what’s wrong with it?” That’s why pricing it correctly on day one and having a strong marketing strategy are non-negotiables in today’s market.
🏡 What This Means for Buyers:
If you’re shopping for a home, don’t overlook properties that have been sitting. You may find more room to negotiate on price or terms with sellers who are feeling the pressure of time.
In short: homes that sell quickly are priced to match the market not chase it. If you’re thinking of buying or selling this summer, make sure you’re working with someone who understands how to read the data and use it to your advantage.
