The Northeast Florida Association of Realtors sold 2.4 percent fewer homes in April than they did over the same time last year, according to NEFAR data released Monday. However, the median sales price, which was $218,500, saw a 9.3 percent spike.

The average sales price was also up 9.9 percent compared to last year.

The increase is likely due to a low supply of homes available to sell, which increases competition. About 13 percent of Northeast Florida homes were sold above the original asking…

Source: http://feeds.bizjournals.com/industry_21