The region saw 34,932 homes sold in 2020, a new high and an increase of 8.2% over 2019.
The average price for homes on the First Coast skyrocketed to $309,001 per unit, and several months saw that figure surpass $330,000. Prior to 2020, the average price for a home in the region never exceeded $300,000. The average price for a home in 2019 was $276,377.
A major factor in driving that average price up was a severe drop in inventory in homes for sale. At year’s end, there were 4,549 residential properties for sale in the area. That’s a staggering drop of nearly 50% as 2019 ended with 8,569 homes for sale.
“2020 was a wild ride in many areas, and that certainly included housing…