First Coast home sales fall 15.3% as the median price climbs

Northeast Florida's six counties closed 1,477 home sales in October, down 15.3% from 1,743 a year earlier, Florida Politics reported Nov. 11 from Northeast Florida Association of Realtors figures. It called it the fourth month in a row of falling sales. The median price still rose 4.1% from a year earlier, to $399,056. Duval County, home to Jacksonville, closed 749 sales, down 19.1%; Nassau County closed 72, down 31.4%.

Why it matters: fewer homes are trading, but prices have not given way. The association counted 6,531 homes for sale, a 4.4-month supply, and its president, Kim Knapp, said buyers are "being more deliberate about their purchases."